As we all know that numbers don’t lie. According to Meetanshi’s gift card statistics, the gift card market reached $474 billion in 2024 and is expected to reach $510 billion by 2025. It’s clear that gift cards are more than just a passing trend; they’re everywhere, especially popular among young adults. They are considered ideal gifts to give family, friends, and loved ones on various special occasions.
But the popularity of gift cards comes with lots of questions. If you’re a business owner looking to reward employees, a restaurant aiming to thank loyal customers, or simply someone who has bought or received a gift card, questions like: Does it expire? Are there hidden fees? Can I reload it? pops up in your mind from time to time.
Good news! All those worries stop here. I’ve curated the 10 most common questions about gift cards and given clear, easy answers to each. Let’s clear up any confusion about gift cards so you’ll always know what is what.
As a gift card trading platform in Nigeria, we’ve received several frequently asked questions about gift cards in Nigeria. I will ensure we address all those questions below.
As stated in the FDIC consumer news about gift cards, gift cards are not expected to expire for at least 5 years from the date of activation. All gift card issuers are also to make sure to indicate the expiry date on the card’s manual.
It is also essential that the inactivity is mentioned and made public, which is effective after 12 months of no use. The inactivity fee can only be deducted once a month. However, gift card funds do not expire even if the card expires.
In case there are still funds left on the card after it expires, you can contact customer service to get a free replacement card.
It is possible to encounter different gift card errors while using gift cards. This situation often occurs when the item you are trying to buy is more than the balance on your gift card. Your card will be declined in such a situation. In case this happens, inform the cashier about the cost of what you intend to buy. The cost may be split into two, where your gift card covers a part, and then you balance up with cash.
You must have an idea your recipient likes or the store they love to visit. This helps you buy their ideal gift card and prevent getting them what they won’t use. Ensure to check the gift card packaging as well to be aware of the fees and other details attached to the gift card.
Take a look at this: 7 Best Gift Card Ideas for Women
More importantly, make sure to purchase the gift card from a trustworthy and reliable platform. Some con artists disguise themselves as legitimate agents and sell counterfeit gift cards. There are a few reputable platforms in Nigeria you can trust with your gift card purchase. The best platform you can patronize and won’t regret doing so is Nosh.
When it comes to gifting someone, it always depends on how much you can afford and the worthiness of the recipient to you. Generally, I will recommend $10 – $25 worth of gift cards to acquaintances or casual friends, and $30-$100 worth of gift cards to friends, siblings, and family.
Here is a good read for you for gift card gifting: 5 Best Gift Cards For Gifting During Holiday
If you are gifting your partner or someone you hold in high esteem, a $100 gift card and upwards isn’t too much for them. As I mentioned earlier, it still depends on how much you can afford.
It is recommended that you specify the value of the gift card to your recipient. This will cancel any confusion and make them aware of what they are expecting. Hoping to get a particular gift card value and receiving less can be disheartening.
It is necessary to give your recipient the gift card recipient. This will allow them to claim ownership, and also activate gift card easily with no fear.
The sweetest thing about a gift card is that you can always choose to personalize it. If you do not want to just send it out like that, you can add a personalized note or an extra gift item. This proves that you surely love and care about the person.
Gift cards do come with terms and conditions, with some issuers stating that they can’t be redeemed for cash.
Regardless of the cash redemption policy of any gift card issuer, there is a law ensuring that any gift card fund of less than $10 is redeemable in cash.
Although this is the case, some businesses will nevertheless swap the remaining value of a gift card for cash if they feel the customer won’t be able to utilize the balance.
Here is a helpful read to back this up: How to Redeem Gift Card in Nigeria in 2025
If you own any unwanted gift cards, you can choose to gift them or sell them. I recommend selling it so you can enjoy the gift card value. The best platform in Nigeria to sell your gift cards for a good rate is Nosh.
Many traders choose to trade their gift cards on mobile apps compared to websites. The most reliable mobile trading app in Nigeria currently is the Nosh app. It’s available for both Android and iOS users.
Step 1: Go to usenosh.com on any preferred browser or simply download the app on the Play Store or App Store.
Step 2: Sign up for a new account as a new user or log in with your correct details as a returning user.
Step 3: Click on Buy | Sell gift cards and then Sell gift card options from the dashboard.
Step 4: Choose the gift card brand name from the drop-down list or by swiping.
Step 5: Choose the subcategory of the gift card.
Step 6: Punch in the value of your gift card.
Step 7: Select the currency you want to be paid in. You will see the monetary value you will be getting in return.
Step 8: Upload the gift card picture or enter the code, and proceed.
Purchasing the right gift card, where to buy them, and trading them on the right platform can be strenuous if you don’t have access to the right platform.
With Nosh, you got nothing to worry about. Get to buy and sell your gift card from the comfort of your home with no security fear.
Enjoy #TheTopNOSHExperience
Tosin
Writing is fun. Fun is writing. Experience it!
Christmas is always a special time, but let’s be honest, picking the right gifts for everyone can be stressful. You want to give something thoughtful, but you’re also racing against...
Have you ever found yourself browsing Steam, eager to buy the latest game, but you don’t have a credit card or simply don’t want to use it online? Trust me,...
If you’ve ever tried to sell a gift card in Ghana, you probably know the hustle. You check rates online, ask a friend, compare apps, and still wonder if you’re...
American Express (AMEX) Gift Cards is an open loop gift card known for its versatility, with only Visa Gift Cards coming close. According to the American Express Merchant Reference Guide,...
Nike is a top brand in the world of footwear, apparel, and accessories. You may have any of these locked up in a Nike gift card, but I understand that...
Macy's is a renowned retailer in the United States, offering a diverse range of products, from fashion and beauty items to home goods. One convenient way to shop at Macy's,...
Get the APP today to start enjoying amazing deals with #TopNOSHExperience.
