Be it physical or digital, a top choice on wish lists, these past few years have been gift cards. A lot of people use gift cards to purchase and pay for items, and when out of funds have been used, they discard them. But are you aware some gift cards can be reloaded?
A decade ago, the average gift card amount was reported to have increased by 1.9% Gift card reloads, topping up funds on an existing card increased by 25% in the first half of 2010. The good thing now is you don’t have to spend so much on buying a new gift card when you can easily top-up.
What Is A Reloadable Gift Card?
Reloadable gift cards are gift cards that you can add value to after the initial activation. While not all gift cards are reloadable, topping the balance of those are reloadable can easily be done by adding sufficient funds, topping it automatically, when the balance goes below a set limit, or at a set date. While the methods of reloading these gift cards are quite standard, the reasons for using them vary, just the same way activation fees and reload fees vary.
Types of Reloadable Retail Gift Cards
If you have a favourite store or restaurant, you’re likely to receive gift cards there for Christmas or your birthday. This means you can keep the gift cards, instead of discarding them, as they will always come in handy for you. These gift cards offer reloadable gift cards with no fees:
McDonald Arch Card
The McDonald Arch card offers a convenient way for you and your loved ones to easily grab a treat. It’s easy to share and makes a suitable gift. McDonald’s Arch Cards never expire, are accepted at any McDonald’s location, and there are no penalty fees.
How To Reload McDonald Arch Card
You can reload the McDonald’s arch card at any of their restaurants or online. You can reload your Arch Card online at any time using your credit card. You can also automatically reload your Arch Card’s value by setting up “Auto Reload” on their official website, with your credit card.
Amazon Reloadable Gift Card
Be it as a birthday present, vacation gift, incentive, for an occasion or simply an appreciation post, this amazon gift card is always a top choice. It can be used to shop for millions of items on Amazon.com and there is no expiration date or service fee.
How to Reload Amazon Gift Card
You can directly reload your balance with a credit, debit, or pre-paid card. You may also put it on automatic reload. This means that funds will be added automatically at a set date or when the balance on it goes below a set limit.
Target Reloadable Gift Card
For all home essentials, such as cleaning tools to luxury sheets, Target gift card is usually the go-to. You can redeem it online or in-store. Though Target gift cards can be delivered in different ways such as physical, eGift, and mobile, they can only be reloaded in-store at Target.
How to Reload Target Gift Card
To reload your Target GiftCard, visit any Target store. Target GiftCards can’t be reloaded on Target.com
Why You Should Use A Reloadable Prepaid Gift Card
Prepaid gift cards are also a widely-used option to retailer gift cards or credit cards. However, even though they are also reloadable, they are different from retailer gift cards, and here are reasons you should consider getting them.
They can be used almost anywhere: Unlike most retail store gift cards, prepaid gift cards can be used and redeemed anywhere. There are typically fees associated with them.
They offer flexibility: Prepaid gift cards are useful especially if you do not have a bank account, and limit all possibilities of overspending, as you can only use what has been loaded on it.
Prepaid gift cards can be used in person or online to purchase items or pay bills. They can also be used at ATMs to withdraw cash.