The holidays have come and gone!
I’m sure many of you have gotten a gift card or two as a gift. I know I love getting a gift card to a store I love!
Don’t go spending what’s on those cards just yet though. With a little forethought you can make sure you use the gift card wisely and maximize it’s benefits. This way you make the gift card more valuable.
Here are 8 ways to maximize the value of gift cards:
Wait for a great sale
You have a gift card with X dollars on it.
Don’t waste it paying retail! There are great sales that extend after the holidays end. Use that to your advantage.
You can find clothing for 50% or more off in many stores as they prepare for Spring items. Many electronics have great sales too. The point is, combine the card with a great sale and get more then the face value of the card!
Use a coupon
Lots of places offer coupons both physical and online. This is similar to finding a great sale in that you shouldn’t pay full retail price. I’ve seen store coupons that offer 30% off and I’m sure there are ones that are better. A coupon like that means you get 30% more value for your gift card!
Don’t use it right away
Your friends all know what you love don’t they?
So there may very well be a chance that you get more than one gift card for a particular store. If you can wait (or you have a birthday or some other event soon) you might get another card that you can combine.
Warning: If a store were to go bankrupt you could lose the value on the card.
Combine with returns
Some might not like this… But if get a gift from the store the card is from and you aren’t too fond of the gift you could return it ad combine the cost of the gift with the gift card to get yourself something you really want!
I know, some people feel icky doing that but shouldn’t a gift be something you like and will use?
Look for extras
On a site like Amazon you will often see deals where you buy one items and get another item free or at a great discount. Keep an eye out for deals like this to make your gift card go farther!.
Make sure you understand the terms
Not all gift cards are created equal!
Make sure you understand the terms of the card. Some things to look for: Not being able to use the card online; not being able to use the gift card with other offers; and the actual stores that will accept the card (you might actually find that you have more options to use it if the store falls under an umbrella of stores that all accept each other’s cards).
You might not like the store the gift card is from. What do you do? Go buy something that you won’t use?
Why not re-gift the card to someone else?
Buy something to donate
What better way to celebrate the holiday spirit than to give a donation. Use you card to buy something you can donate to a charitable organization! You may even be able to donate the card itself.
So there you go. Eight ways to maximize your gift cards!