Savings Tip: Discounted Gift CardsPosted on June 5, 2023 by GottaDEAL Staff
Purchasing discounted gift cards is a savvy, under-the-radar tactic that can help you save on everyday expenses and occasionally even large purchases. Imagine paying less for groceries, gas, or your favorite online retailer. Sounds good, right?
In this article, we will explain how to get discounted gift cards and how to use them effectively to maximize your savings.
What Are Discounted Gift Cards?Discounted gift cards are exactly what they sound like: gift cards that you buy for less than their face value. For example, you might be able to buy a $50 gift card for only $45. This means you get $50 worth of purchasing power but only spend $45, saving you $5 or 10%.
There are two primary types of discounted gift cards: physical and electronic. Physical cards are tangible cards that get mailed to you or that you buy in a brick & mortar store, while electronic cards are typically emailed to you in the form of a code.
Where Can You Buy Discounted Gift Cards?There are several reliable sources where you can purchase discounted gift cards:
- Online Marketplaces: Websites like Raise, Gift Card Granny and Cardpool allow users to buy and sell gift cards at discounted rates. These platforms act as a middleman, ensuring the transaction is secure for both the buyer and the seller.
- Warehouse Clubs: Stores such as Costco, Sam's Club or BJ's Wholesale often sell packs of gift cards at a discount. For example, they might sell two $50 gift cards (total value $100) for around $80.
- Grocery Stores: Some grocery stores offer promotions where you can earn fuel points or store credit for purchasing gift cards.
- Online Retailers: Retailers such as Amazon and Target often offer discounted gift cards. Sites like PayPal Digital Gifts, eGifter and others are great sources.
- Social Media: Platforms like Facebook Marketplace sometimes have people selling unwanted gift cards at a lower price.
How to Use Discounted Gift Cards EffectivelyOnce you have your discounted gift cards in hand, it's crucial to use them wisely to maximize your savings. Here are a few tips:
- Combine with Sales and Coupons: Use your gift cards during a sale or with a coupon to increase your savings. This will essentially "stack" your discounts.
- Plan Your Purchases: Before buying a discounted gift card, have a clear plan for what you'll purchase with it. This helps ensure you'll use the entire gift card and that it won't go to waste.
- Stick to Your Budget: It's easy to go overboard when you're getting a deal, but remember that buying a discounted gift card isn't saving money if it leads to unnecessary spending.
- Use for Regular Expenses: Consider buying discounted gift cards for places where you frequently shop. This is a simple way to save on regular expenses.
- Use Them Promptly: Gift cards are like cash. If you lose them or forget to use them, you're out of luck. Also, some gift cards can lose value over time, so it's best to use them promptly.
Always ensure you're dealing with reputable sources and keep your shopping habits in check to ensure you're truly saving money. And don't forget that GottaDEAL often posts deals on discounted gift cards!