Navigating the world of gift cards can be a daunting task, with so many options and fine print to consider. As a user, it’s important to weigh the benefits and drawbacks of each type of gift card, from store-specific to prepaid options. In this review, we’ll explore the user experience of using gift cards and provide insights on how to navigate the plastic jungle.
What are gift cards?
Gift cards are prepaid cards that allow the holder to purchase goods and services up to the value of the card.
How do gift cards work?
Gift cards work by holding a balance on the card that can be spent at a specific retailer or group of retailers.
What are the benefits of gift cards?
Gift cards can be a convenient and flexible way to give a gift or to make purchases, as they can be used both in-store and online.
What are the drawbacks of gift cards?
Gift cards can sometimes come with fees or expiration dates, and there is a risk of losing the card or forgetting about its value.
How can you maximize the value of gift cards?
To maximize the value of gift cards, it’s important to keep track of their balances and expiration dates, and to use them for purchases that you would have made anyway.
After reviewing different gift cards and the experiences of users, it is clear that gift cards are a convenient and versatile gift option. They allow the recipient to choose their own gift, making it more personalized and reducing the risk of giving an unwanted gift. Additionally, gift cards can be a great way to save money and earn rewards. Overall, navigating the plastic jungle of gift cards can be a rewarding experience for both the giver and the recipient.
Plastic Jungle, a marketplace for gift cards, is hoping to shakeup the gift card market by allowing gift card owners to use certificates for a given store at another online retail establishment. Plastic Jungle lets you buy, sell and exchange gift cards online. Instead of receiving cash for your gift card, Plastic Jungle also lets you trade the value in for an Amazon gift card or give your money to charity. You enter the gift card like you would a credit card based on the unique serial number and pin code that every major gift card has. Plastic Jungle is working with both gift card processors and retailers in order to make the process be electronic and, therefore, instantaneous. And the startup will be implementing this check-out system with a major retailer that will go live with mid-summer Plastic Jungle declined to name the retailer. And this will only be used and implemented in online transactions. It seems like a stretch to assume that retailers would be onboard with this. Gap or Target may enjoy when nobody uses the cards though because then they get to keep the cash without handing over any goods. Helping Plastic Jungle make a more liquid market out of gift cards might not be in their best interest.