Thursday, April 5, 2012

Holiday Gift Card Warning

Coding Online - Holiday Gift Card Warning

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Whatever happened to gift cards being designed to maximize the recipient's holiday tidings of great joy? Today, Christmas gift cards come with many drawbacks, limitations and even rip-offs. Between the fine print and holiday thieves' new era in scams, gift cards have become downright outrageous.

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Coding Online

A consumer Reports study named gifts cards as the second most base holiday present of 2006. However, more than 23 million Americans still have not redeemed last years' unused gift cards. Crooks are celebrating the season with a new criminal mastermind.

The swindle starts in the aisles of large and small retailers. Thieves report the bar codes of the gift cards. Once the gift cards are purchased, bandits go in for the kill by using the bar code to redeem the gift card's value before the recipient ever receives the gift certificate. Just imagine, sending a gift card to someone, only for them to be embarrassed at the check-out.

But for the sake of argument, what happens to gift cards that are not absconded by criminals? Gift cards are issued by some financial institutions and banks; while, others are directly assigned by the retailer. However, both come with many drawbacks and a amount of restrictions:

o Some gifts cards charge fees on cards that are unused more than a year. For example, determined major group market are known for charging an added fee on gift cards older than a year.

o Expire after a year. The supreme spa, Mario Tricoci details the expiration date of their gift certificates. Once the card expires, it no longer has any value.

o wish the recipient to use their credit card to redeem the gift. NetFlix uses gift cards as a marketing tool. The online Dvd rental behemoth recommends its customers to give the gift of NetFlix. But when the recipient goes to redeem the gift, they are required to input a credit card.

Regardless of what kind of gift card consumers select to buy this holiday season, The consumer Journal recommends the following smart holiday gift card tactics:

o buy gift cards from a get location

o Once the card has been purchased, request that the clerk verify the balance of the gift card

o allege all gift cards and gift receipts

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