- Personal Finance
Visa Gift Card
It Doesn't Make Sense to Buy Visa Gift Cards
Don't Buy Visa Gift Cards
There is no good reason to pay money to purchase a card when you can just spend the money direct! VISA makes huge profits off of these cards because they are never fully redeemed. Many cards are lost or go unused or expire. VISA makes an additional 3-5% from merchants who accept the card. Thus when you use a VISA Gift Card you are increasing the cost of the business to do business.
Does CASH have an expiration date? Think about that!
Lets say you use your card to make a purchase and deplete it’s value. Then you realize later that you need to return the item and you no longer have the card. This is a real possibility and the company you purchased your product from may not honor the return. Easier than cash? Sure it is.
Gift cards are a total scam and only benefit credit card companies.
Why in the world would you pay money to spend your own cash? It just doesn’t make sense. Processing fees, expiration dates, more cost to businesses.
How does Corporate America keep duping people with these card offers? It’s insane. Buying a gift card is like paying a tax to spend your own money.