Gift cards are nice to receive as well as purchase for others. They’re a way that someone can show an interest in – and knowledge of – the recipient’s tastes and preferences. At the same time, they allow for some individual choice in the ultimate purchase.
For example, instead of getting a gifted sweater that doesn’t fit your style, maybe a gift card valid at the same retailer will allow you to pick a different one that’s more to your tastes. This would have been nice when younger, I remember getting one super ugly sweater that was bright white with some black streaks. I felt like a Star Wars stormtrooper when wearing it, and worse – probably looked like one too! That is, when I was actually
crazy brave enough to wear it:)
When actually buying a gift card, it can be tempting to go directly to a retailer and buy. I’ve done this many times in the past. However, another way to do it is to actually look for gift cards at a lower price. Yes, it’s possible to find discounted gift cards for sale. Cardpool is a site that offers such cards for sale.
It’s interesting to see the type of cards that are available. Examples at the time I perused the site are:
- and Others
The savings can be pretty good, and that’s worth considering. Thinking about myself, I could potentially purchase maybe $300 of gift cards in a year. While discount percentages could vary, let’s assume I got 10% on average. Right there, that’s a $30 savings for the year. Not bad! Of course, you could take it that next step and invest the $30, let the returns compound, and it could result in even more money going forward:)
It can also be worth it to sell gift cards as well. If you get a gift card for value at a business that is not one that matches your needs, why let it sit idle? It might be possible to sell your gift card as well. Capturing value from unused or unwanted gift cards can be another way to generate some extra cash and make the best use of an asset that you might not otherwise utilize. Seems like it might be a win-win for many people in that way!
Going forward, I’m going to keep in mind the potential benefits of buying discounted gift cards, and the possibility of selling unused or unwanted gift cards where possible. It’s nice to have a chance of capturing money that might otherwise be left on the table.