Top 5 Most Popular Gift Cards Available In Canada

The idea of gift cards has really made gifting super easy and convenient globally. Canadians are not left out, giving out gift cards as a gift is common among them. Are you curious about the most popular gift cards in Canada? In this article, I will address the top 5 most popular gift cards available in Canada.

Statistics by CDNPOS revealed that 70% of Canadians prefer to give gift cards over cash. Not just that, 87% of Canadians buy or receive gift cards annually. A gift card is regarded as an ideal gift option for everyone, regardless of age.

Types Of Gift Cards In Canada

Generally, there are three types of gift cards. They include the following:

1. Retail Gift Card
2. Open Loop Gift Card
3. Virtual Gift Card

1. Retail Gift Card

Retail gift cards are also referred to as closed-loop gift cards. They are the most common type of gift card available in Canada. Well-known brands and retail stores majorly issue this type of gift card. They can only be redeemed at that particular brand or retail store. That is why they are called closed-loop cards. Some of them come with an expiry date and can not be reloaded. That means, once the fund is used up, the gift card can’t be used anymore.

2. Open-loop Gift Cards

Open-loop gift cards are normally issued by financial institutions. Various merchants and retailers accept them as a payment option. These cards always carry the logo of the issuing brand. They include an American Express gift card, a Visa gift card, a MasterCard gift card, and a Discover gift card. You can reload these gift cards whenever you finish the preloaded fund. They can be used to shop and make payments online.

3. Virtual Gift Card

Virtual gift cards are also known as digital gift cards or E-codes. With the convenience its purchase offers, it became a very common way to give out gifts. It can be delivered to your email or SMS after purchase. They can also be redeemed on the issuer’s website.

Top 5 Most Popular Gift Cards In Canada

The 5 most popular gift cards available in Canada are Amazon gift cards, Sephora gift cards, Walmart gift cards, BestBuy gift cards, and Uber gift cards.

1. Amazon Gift Card
2. Sephora Gift Card
3. Walmart Gift Card
4. BestBuy Gift Card
5. Uber Gift Card

1. Amazon Gift Card

Amazon gift cards can be used to redeem items listed on the brand’s website. The e-commerce brand, Amazon is one the biggest e-commerce worldwide that sells almost everything.

The Amazon gift card can be used as a subscription method to sign up for Amazon Prime Video. When gifted to someone, it’s almost certain the gift cards will be used because of their versatility.

Amazon is also available in different denominations and you can easily get one within your budget. You can purchase them at any Amazon physical store, at a retail store, or on any gift card trading website. You can also sell Amazon gift cards for cash.

2. Sephora Gift Card

Sephora gift cards are most common among women and young girls. It can be used to redeem beauty and body care products listed at the Sephora store. Currently, when you sell a Sephora gift card, you are for one of the highest rates. Its popularity directly has a good effect on its rate.

3. Walmart Gift Card

Walmart gift cards are the ideal choice when trying to choose a gift card your recipient will love. Regardless of what your recipient loves, they can always get it redeemed with the Walmart gift card. Items like groceries, home furniture, gadgets, and more are available at Walmart. There are several Walmart stores across Canada which makes it easy to redeem. If you choose to sell a Walmart gift card for cash, then it’s a good choice. Walmart gift card is one of the gift cards with the highest rates.

4. Best Buy Gift Card

Best Buy gift cards bring getting a tech item within reach. If you are a tech person, then owning a Best Buy gift card is not a bad idea. Best Buy gift card can get you a wristwatch, set of headphones, or camera. There are home items like Vacuums, dishwashers, fans, and related products. You can never go wrong with a Best Buy gift card. The exchange of Best Buy gift cards is also such a great choice.

5. Uber Gift Card

One of the most popular companies in Canada is Uber. Many people hop on Uber as a convenient and easy means of transportation. Uber gift card, on the other hand, makes it easy to make payments. Gifting a Uber gift card to a college student will make them happy. You can also use a Uber gift card to order food at UberEats.

Conclusion

The use of gift cards in Canada has been increasing over the years. Both businesses and individuals now leverage gift cards for their own convenience. We’ve discussed the top 5 most popular gift cards available in Canada. You can easily purchase any of them now for your use. Be informed that you can sell any of the above gift cards for cash via the right platform. Nosh is the best gift card trading platform to exchange gift cards for cash. Conclusively, all the discussed gift cards are versatile.