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How to Save Money with Gift Cards

By on May 2, 2017
How to Save Money with Gift Cards

Some people hate getting gift cards instead of actual presents at Christmas and birthdays but, if you’re savvy about it, using gift cards can actually save you a lot of money. There are plenty of deals out there to purchase discounted gift cards that can be used like cash. Keep reading to learn how to save money with gift cards and where to get the best deals.

Can Using Gift Cards Really Save You Money?

If you are smart about the way you do it, using gift cards can save you and your family money. The trap you want to avoid falling into, however, is using the gift cards as an excuse to buy things you weren’t planning to buy anyway. The best times to buy and use gift cards are:

  • When you shop at that particular store very frequently
  • If you’re planning to buy something specific in the future
  • When you want to give the gift card as a present
  • When you are looking for a date night or entertainment activity

The key to saving money with gift cards is to buy them at a discount and to use them like cash. Think about it this way – if you have a $50 gift card to the grocery store you frequent, you can spend it the same way you would spend cash. If that $50 gift card only cost you $45, however, you have an extra $5 in your pocket. If you did that with all of the places you shop, you could save hundreds of dollars a month, depending on your spending habits.

Where Can You Buy Discounted Gift Cards?

If you want to use gift cards to save money, you don’t necessarily have to wait for your next birthday – you can buy them online. There are several websites that offer discounts on gift cards to popular stores and restaurants. When shopping for discounted gift cards, however, you need to be careful about fees and expiration dates – you also want to make sure that the site guarantees the validity of the card. Here are some of the best places to buy discounted gift cards online:

  • Cardpool – This site is easy to use and they offer fully guaranteed gift cards with no fees and no expiration dates. Some of their best offers include savings of 10% to 28% off places like JC Penny, AMC Theaters, Gap, and Pier One.
  • Plastic Jungle – This site is used for buying and selling discounted gift cards so, if you have cards you don’t want to use, you can sell them. There are no fees or expiration dates and everything is guaranteed.
  • Gift Card Zen – This site offers cards from over 200 retailers but their savings aren’t as high as other sites. They do, however, offer guarantees with no fees or expiration dates.
  • Raise – This site offers a wide selection of brands but the cards tend to sell pretty quickly so, if you find a good deal, snap it up!

If you want to save yourself and your family some money, using gift cards could be a good option. To really maximize your savings, however, could take a serious investment of time so be prepared for that. If you just want to save money on gift cards to the places you go most, that’s fine as well!

Frugal Village

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