Gift Cards are being sold internationally and locally to serve the needs of the buyers who need them. Companies produce and sell Gift Cards in various monetary denominations like $5, $10, $25, $50 etc but this is not always the actual amount paid for the Gift Card. For some Gift Cards, you do not need extra payments on the actual card value but you must pay extra fees normally called the “activation fee” on some gift cards.
Prepaid Gift Card companies make money not by charging interest, as credit card companies do, but by charging a variety of fees, including an activation fee. When you sign up for a prepaid card online, you may not be charged a fee, but when you buy them in a store, you may be charged a small activation fee.
What Are The Gift Cards Without Fees?
Gift Cards without fees are the types that allow you to pay the exact card value for the Gift Card. That is to say, you pay $50 to buy a $50 Gift Card. There’s no activation applied on these types of Gift Cards.
Purchase activation fees do not apply to merchant-branded gift cards, so a $25 gift card will cost you $25. However, Visa, MasterCard, and American Express gift cards all have a purchase fee, which can range from $3 to $6 or more depending on where you buy.
Is there a monthly fee for Visa gift cards?
Some Visa gift cards charge monthly maintenance fees after a year of inactivity, while do not charge such fees, so read the fine print and look for cards that say “no fees after purchase.” Some banks, such as US Bank and TD Bank, offer Visa gift cards to their customers.
How To Get Gift Cards For Free in 2022
In as much as people look out for Gift Cards without activation fees, you can even get hold of Gigt Cards without paying for the card nor the activation fee. I mean that you can get Gift Cards for free by doing the following;
By signing up for Swagbucks:
Swagbucks is a completely free rewards program. As a Swagbucks member, you’ll be able to earn “SB” points for performing simple online tasks like shopping and searching the web. Following that, you can redeem your SB for free gift cards from a variety of retailers, including Target.
Buy Gift Card on Raise:
Raise is a marketplace for discounted gift cards, which means you can buy and sell “used” gift cards for less than their face value. Raise, on the other hand, sells brand-new gift cards at face value.
When you use Raise to buy new gift cards, you will be rewarded with Raise Cash. You can also use your Raise Cash to purchase Raise in-store gift cards.
Sign up on Survey Junkie:
This is a platform that offers lots of rewards for tasks, especially in form of Gift Cards. Sign up on Survey Junkie, take as many surveys as possible and get rewarded for these tasks with lots of Gift Cards which can be redeemed for anything.
Sign up on InboxDollars:
InboxDollars is a great online platform to for people wjk want to make extra gig by completing some tasks like surveys, watching videos, downloading apps etc. You can earn rewards as Gift Cards on the platform which you can redeem on the store.