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Visa Gift Card

Updated on March 26, 2010

It Doesn't Make Sense to Buy Visa Gift Cards

Pay to spend your money?
Pay to spend your money?

Don't Buy Visa Gift Cards

What is the point in giving a Visa Gift Card?  A Visa Gift Card is not a credit card and will not build your credit history.  A Visa Gift Card is not a debit card and has a fixed amount that can not be recharged.  So what is the point?  Visa claims their gift card is “Better than Cash”.  Better for who?  Better for VISA!!!

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.


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  • Balinese profile image

    Balinese 8 years ago from Ireland

    wow never thought about this visa gift card- even thou i very rare use my credit card . great hub

  • breakfastpop profile image

    breakfastpop 8 years ago

    Wow, never thought of all these drawbacks. I gave quite a few AMEX cards this year.

  • ethel smith profile image

    Eileen Kersey 8 years ago from Kingston-Upon-Hull

    Never heard of these. I guess this is why banks are hoping cheques will disappear.A cheque sent in a Christmas card is safe ,fairly, and costs nothing extra.

  • Carol the Writer profile image

    Carolyn Blacknall 8 years ago from Houston, Texas

    Too logical, lol. Good hub.