Tis the season for wrapping presents! But if you’re like me and you never know what gifts to get people then you just opt for a gift card! I love receiving gift cards for Christmas because then you can purchase anything you want without worrying about someone getting you the wrong size, fit, color etc.
My only two guidelines for giving gift cards:
- If you’re going to get someone a gift card make sure it’s for a store they will use it at.
- Buy the gift card at a discount price if possible
There is a bunch of ways to get discounted gift cards. My favorite is through Raise, which offers a large variety of cards for various stores. I’ve purchased over ten gift cards from them this year and I’ve never had an issue, but if you are concerned about the legitimacy there is a 100 day money back guarantee. One drawback would be is that most of the gift cards offered are egift cards or vouchers you can print. So there is no actual physical card to hand to someone.
If you have a cash back rewards card (I have Chase Freedom) then you can buy a gift card and earn cash back rewards. Rewards can then be used towards a credit card payment or to purchase a gift card from Chase. Chase’s 4th quarter bonus category this year includes drugstores, which means you will get 5% cash back on top of the usual 1% on any purchases this quarter. And guess what CVS sells at their store….Gift cards! So I’ve already purchased Dunkin, Starbucks and Amazon gift cards for 6% cash back. And these are physical cards so I can throw them in a stocking or place them in a greeting card.
If you already have cash back rewards that you have accumulated throughout the year check out Chase’s Ultimate Rewards website when your logged into your account. You’ll be able to redeem your rewards for gift cards from there!
Okay another option is if you are a Verizon customer they came out with a rewards program, Verizon Smart Rewards, for current customers and you can use some of your rewards/points to buy a gift card through their website and you will get money off (discount). You can learn more about their rewards program here.
If your a current Verizon customer log into your account online and click on shop my rewards and browse. The selection is smaller but some of the cards currently offered are for CVS, Macy’s, Bath and Body Works, Victoria’s Secret, Neiman Marcus, and Under Armour. You have to buy in increments of $100 or $50, but which ever you choose you will use points to get the card at a 10% discount!
Gift cards can easily be added to a stocking, small gift bags, or even put in a decorative box with smaller items to be unwrapped this holiday season.
P.S. If you receive a gift card this holiday season and you know for sure you will not use you can sell also use Raise website to sell your gift card for cashback on Raise.
Savings: 6%-10% or more!