How do I use only gift cards?

Maximizing Your Gift Card Value: A Strategic Spending Plan

Gift cards are a popular gift, but their value is only truly realized when fully utilized. Leaving a balance on a card means leaving money on the table. This article outlines strategies for maximizing your gift card spending, ensuring you get the most bang for your buck and avoid wasted credit.

1. Inventory and Categorization:

Before embarking on a spending spree, take stock of your gift cards. List each card, noting the retailer, the balance, and the expiry date (if applicable). Categorize them based on the type of goods or services offered. This organization will help you identify potential synergies and plan your purchases effectively. For example, group together restaurant gift cards, clothing store cards, and grocery store cards.

2. Strategic Combination Purchases:

This is where the real magic happens. Don’t just use a single gift card for a single purchase. Think about how you can combine cards to make larger purchases or cover multiple needs.

• Example 1 (Complementary Retailers): You have a $50 gift card to a home goods store and a $30 gift card to a hardware store. You need new kitchen towels and a small toolbox. By purchasing both items, you cleverly utilize both gift cards and avoid leaving any unused credit.

• Example 2 (Splitting Large Purchases): You have two $75 gift cards to a department store and need a new coat costing $120. Perfect! Use both cards to cover the entire cost without needing extra cash.

• Example 3 (Online Shopping Power): Many online retailers allow you to add multiple gift cards to a single transaction. This feature simplifies the process of using multiple cards at once, especially beneficial if you have cards from different retailers you want to consolidate.

3. Planning Your Purchases:

Don’t impulsively spend your gift card balances. Create a shopping list based on your actual needs and desired items. Prioritize items that align with your gift card balances and retailer options. This planned approach prevents you from making unnecessary purchases simply to use up the gift card, potentially buying things you don’t really need.

4. Utilize Online Resources:

Many websites and apps help you track your gift cards and find deals. Some websites specialize in buying and selling gift cards, allowing you to potentially exchange less-desired cards for ones you can better utilize. However, proceed with caution and use reputable platforms only.

5. Don’t Forget Expiration Dates:

This is crucial. Check the expiration dates of your gift cards and prioritize using those nearing their expiration date first. Contact the retailer if you anticipate not being able to use a card before its expiration; they may offer an extension in some cases.

By following these strategies, you can transform your gift cards from potential wasted funds into valuable tools for strategic and fulfilling shopping experiences. Remember, planning and a little creativity are key to maximizing your gift card balances and making the most of your gifts.