What Are Gift Cards Used For? – Top 8 Purposes Of Gift Cards

Statistics have shown that around 71% of consumers prefer gift cards due to their flexibility, and 52% of people purchase gift cards for themselves. With this level of prominence, gift cards are undoubtedly beyond gift-giving and purchases. 

On the contrary, there are several uses of gift cards beyond being a last-minute present. Continue reading to find out the uses, benefits of gift cards and more.

Different Uses Of Gift Cards

There are various uses of gift cards for both the card issuers and the gift card recipients, and they include:

1. To Promote Business
2. To Reward Employees
3. To Reward Loyal Customers
4. To Buy Items And Services
5. To Use As Gifts
6. To Escape Credit Card Charges
7. To Save Money For Future Use
8. To Exchange For Cash

1. Gift Cards To Promote Business

Gift card issuers’ first goal when they issue gift cards is basically to promote their business. Gift cards are a great way to make more sales, especially with people appreciating it as a gifting option. Gift cards like Amazon gift card and Doordash gift cards serve this purpose.

2. Gift Cards To Reward Employees

Most companies and businesses use gift cards as incentives for their employees. This is basically to motivate them and appreciate them for their work. Gift card incentives can be done monthly as stipends or especially to recognize certain talents.

3. Gift Cards To Reward Loyal Customers

Another gift card use is to reward customers who patronize often. This is a great way to increase patronage from existing customers and attract new ones.

4. Gift Cards To Buy Items And Services

The major use of gift cards by buyers is to use them as a payment method for their purchases. You can use a gift card in-store or online to purchase anything you want. This includes products and services offered by different businesses, including retailers, restaurants, fuel stations, and many more.

5. Gift Cards To Use As Gifts

This particular use has led to the popularity of gift cards worldwide. Many people prefer to give out gift cards during the holiday season or on special occasions like birthdays. It’s easy to purchase and redeem for the recipients.

6. Gift Cards To Escape Credit Card Charges

Gift cards can help with your budgeting. If you have a particular amount target you want to spend in a month, gift cards can come in. Instead of making purchases that amount with every transaction incurring extra charges, get a gift card of that worth and use it instead.

7. Gift Cards To Save Money For Future Use

Certain gift cards do not come with expiration dates. You can purchase a good number of them and keep them for future purposes.

8. Gift Cards To Exchange For Cash

As a Nigerian based in the country, this is my best use. You can make some money by selling your gift cards for cash. Most gift card brands are not situated in Nigeria, which has resulted in a high number of unused gift cards. 

The best use for gift cards here is to trade them on the best gift card trading platform – Nosh. Do you have an unused Best Buy gift card lying around? Now is the time to sell your Best buy gift card for cash.

Benefits Of Using Gift Cards

1. Good Cash/Card Alternative 

They are great payment substitutes. On days when you don’t want to use credit cards for whatever reason, they save the day.

2. The Ideal Gift for Anyone

Worried about gifting the right item? Gift cards to the rescue. Especially when you purchase a gift card that has access to a variety of items, you’ve successfully left the worrying to the recipient. A great example is the Amazon gift card

3. Accessibility

Gift cards are so convenient to buy and use. You can easily buy gift cards online and get them delivered to your email or SMS.

4. Safe to Use

Gift cards are also safe to use. In case of theft or loss, you can request a replacement card as long as you have your receipt.

Disadvantages Of Gift Cards

1. There are chances you will forget to use up your gift card balance. After making one or two purchases with a gift card, you may forget about the gift card with a small amount on it.
   
   
2. Failure to purchase with your gift card within 12 months will attract an inactivity fee. You will be charged every month until you make your first purchase.
   
   
3. With a closed-loop type of gift card, you are restricted to where you can use it.
   
   
4. When you exhaust a gift card balance, you can choose to reload it. However, reloadable gift cards do attract a fee.

How To Purchase And Redeem Gift Cards In Nigeria

There are several places you can purchase gift cards in Nigeria. One of them is in popular stores like Walmart and eBay. But then, let’s not waste time listing many places. Why not recommend a place I’ve used and trusted? You can conveniently buy your gift cards on the Nosh platform.

Oh, what about redeeming your gift cards in Nigeria? As I mentioned before, the ideal way is to convert gift cards to cash. Guess what? Nosh is still the best gift .card trading platform in Nigeria.

As a Nosher, you will have access to the best rates, rate alerts, easy transactions, fast transactions, premium security, and 24/ customer support.

Frequently Asked Questions about Gift Card Uses

1. What is a gift card used for in Nigeria?

In Nigeria, you can use gift cards to pay for services online (e.g. subscriptions),  shop for items online (e.g. branded wears, gaming items, beauty products), and convert them to Naira cash.

  2. What can I buy with a gift card online?

There are a lot of things you can buy online with gift cards, depending on the type you have. For instance, you can use an Amazon gift card to buy anything at all on the Amazon marketplace.

3. How much is a $100 gift card to Naira?

The rate of a $100 gift card varies, depending on the type of gift card it is. For example, a $100 AmeX gift card is 25,000 Naira, while a $100 Amazon gift card is equivalent to a sum of 57,000 Naira. The Nosh gift card rate checker can keep you updated with the current rates of each gift card type in Naira. 

4. How to get a gift card?

You can buy a gift card either online or in-store from a retailer’s official website or third-party platforms like Nosh. The Nosh app is also a convenient place to buy your gift card. 

Conclusion

Gift cards have many uses, including gifting options, brand promotions, employee rewards, etc. You’ve also learned about a special use, which is trading gift cards.

Sell your gift cards on the Nosh app and earn some naira by the side. Get started by registering an account on the website or installing the mobile app.