Last year, I helped an acquaintance order approximately 30 Visa® gift cards for her extended family, including adult kids, grandchildren and family friends. Since this woman orders so many cards, she had been incorrectly advised the previous year to place a bulk gift card order through her bank. Instead of receiving consumer gift cards, however, she received 30 corporate reward cards. These are not the same thing.
Corporate reward cards often come with short-term expiration dates and other terms and conditions that make sense if you buy them as business perks, customer rewards or corporate incentives. These terms do not make sense if you are buying the cards in bulk for you 27 grandkids. Throughout the ensuing year, this woman’s relatives discovered that the unused portion of their corporate reward cards had expired, turning her holiday gifts into a family-wide disappointment. She came to me because she didn’t want that to happen again, and neither did I.
When it comes to buying gift cards in bulk, determining who will use the card is just as important as picking the right card.
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