How To Save Money With Gift Cards


I’m sure that most of us use coupons and cash rewards credit cards to save a few bucks. I’ve only recently started to use gift cards to save money and the savings have been quite substantial. I’d like to share now with you a few tips that will help you save money by using gift cards to meet your financial goals this year:

More For Less

Gifts cards aren’t just for giving. The great thing about gift cards is that they are almost always discounted which means you may be able to get a $100 balance while spending just $90. For example, Kohl’s gift cards are available now at 13% off at Giftcardio, which means that you’ll get an automatic 13% off anything you purchase without having to do a thing.

Gift Cards + Coupons

Online coupons can be combined with gift cards to get even more savings.  Use coupon sites like Retailmenot in order to find online coupons that will yield additional discounts or freebies such as free shipping or a gift with purchase. If you use discounted gift cards during sales or special promotions, you’ll be saving even more money.

Buy Gift Cards With Cash Or Travel Rewards Credit Cards

Rewards credit cards are an excellent way of saving money when you shop. Citi Double Cash which gives you an automatic 2% cash back every time you make a purchase. Purchasing a discounted gift card with a cash rewards credit card will yield even more savings. If you’re saving up for a vacation, you can purchase gift cards with a travel rewards credit card like the Chase Sapphire Preferred Credit Card in order to earn points and rack up the miles.

Gift Cards To Give

It’s true that personal gifts, gifts that you personally choose for your loved ones, are better than impersonal gifts. But! Sometimes it’s nice to be able to let the person choose wahtever he or she wants. Personally, I like having the luxury of being able to pick out my own gifts and select that which I know I need or want. A gift card provides the receiver the luxury to get exactly what they want without having to awkwardly ask your for a receipt if they want an exchange.

It’s also possible to give a personalized gift while saving money with gift cards.

For example, 1-800 Flower Gift Cards are currently 25% off with Valentines day. You could purchase a discounted card and then use the balance to purchase the perfect bouquet for your loved one.

Gift Cards Help You Budget

Did you ever – or do you usually – find yourself overspending? Gift cards can be used to help you stay within your budget. It’s easy to overspend if you’re paying via cash, credit cards or a debit card. With a gift card, you decide the exact amount of money you want to spend ahead of time.

The Bottom Line

Putting away money every month isn’t as easy as it sounds.  It’s the small things we do every day such as using coupons, gift cards, rewards credit cards and controlling our impulse buys that will provide the rewards in the long run. Stick with your budget and your bank account will thank you later. Try using gift cards and check for yourself!

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