Holiday Gift Card Hazards

A gift card that works at multiple
locations is a great holiday gift!

Gift cards are becoming an increasingly popular gift for the holidays. Whether you just don't have the time to shop or are clueless about what to get friends and family, a gift card is there to save the day.

However, what some consumers don't realize is that gift cards aren't always a safe bet. The biggest downfall to gift cards is that they often have expiration dates or fees if they are not used in a timely manner. In general, gift cards are also not protected from theft or loss, and because they are so small, a $100.00 gift card could easily be lost in your holiday shuffle.

Gift cards for specific locations can also be tricky when given to certain people. Be sure that the store or restaurant of the gift certificate has a location near the gift recipient, or else it may just go to waste.

The best option may be to issue a prepaid debit card. These are also generally not refundable if lost or stolen, and are also susceptible to hidden fees, but offer the best flexibility. Many grocery or warehouse stores also offer restaurant gift cards that can be used at more than one location, giving your gift recipient further options.

Editors Pick: For the holiday's, Chili's is offering a $5 gift card FREE for every $25 gift card purchased at Chili's.

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