Whether you’re buying for yourself or a loved one, a Visa gift card is a thoughtful and useful present that gives them a little bit of freedom to buy whatever they want. But what exactly is a Visa gift card and how can you make sure you’re getting the best value for your money?
Visa gift cards are prepaid plastic debit cards that have a set amount of funds loaded onto them at the time of purchase. They’re similar to credit cards in that they can be used online, over the phone and at places like Target and Walmart but they have a couple of key differences. The first difference is that credit cards do not have a prepaid balance so any money spent on the card must be paid back. Gift cards, on the other hand, do have a prepaid balance and do not impact your credit score.
The second difference is that gift cards are not tied to a specific bank account. This is a huge benefit because it means you don’t need to worry about losing or misplacing your card and you can use it wherever Visa is accepted. Many retailers also allow you to redeem your Visa gift card online which is great if you’re in a rush or don’t have cash with you.
Lastly, Visa gift cards are an excellent way to practice budgeting and responsible spending habits. Using a Visa gift card for groceries, clothes or even dining out can help you keep track of your spending and prevent overspending. buy a visa gift card online