5 Things to Know About Pre-Paid Gift Cards

BENGALURU: Banks, e-com sites or retail stores – the concept of pre-paid gift card actually saves some time and energy that we used to invest to think about the best gift or a birthday or wedding. It also renders help to the receiver, as they can utilize the card to get a goodie or service they require.

An alternative to both cash and tangible gift, this stored-value money card became a popular trend as brands used this as a way of promotion. The same is also referred to as cash card or pre-paid cards.

Amazon, Pantaloons, Flipkart, Tanishq, Croma, Lifestyle or Shoppers Stop are some of the commonly gift cards in urban India, now.

A new form of gift card that has come into existence is Mobile Gift card. Here no physical card is required to carry but a text message in your phone will do the needful. In fact you can pass on the same to near ones instead or parceling a big fat gift.

Though the use of gift cards has shot up in the country in recent times, yet many do not know much about their uses and limitations.

Thus, a detailed report before you gift or get the next pre-paid gift card in hand, reports Economic Times.

?Banks offer pre-paid gift cards

Some banks like Axis Bank, ICICI or SBI issues pre-paid gift cards in India. These render greater benefits in comparison with the gift cards by e-com sites or retailers. The latter usually have one time use while the bank ones can be refilled on exhaustion of monetary value.

READ ALSO: New Method Removes Nanoparticles from Blood with Ease
Bengaluru Ranks 17th Among The Best Performing Districts