Problems With Gift Credit Cards
Although gift credit cards can be useful and much-appreciated gifts, it is important to understand what they are and how they work, and to check the terms and conditions of yur particular gift credit card. Each issuer has different fine print relating to their gift credit cards, and some of the clauses in the fine print can be costly.
Gift credit cards are actually not credit cards in the traditional sense of the word. A holder of a traditional credit card makes purchases on credit, and pays the bill later, when it falls due. A gift credit card is a stored value card, or debit card. A certain amount of money is deposited into the gift credit card by the purchaser at the time the gift credit card is issued, and only that amount of money may be spent using the gift credit card.
Gift credit cards are issued by major credit […]
Original post by mikejohns