The Gift Card Scam

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None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[themcmemes]

Thank you for reminding me to use my unused gift cards.

[ldotm]

Moral of the story:

Just give your kid a 10 dollar bill.

[christhompson]

You ain’t ever gonna catch my ass with even 1 cent left on a gift card, I use all of that shit.

[brotherplayz]

Bro who even forgets to use their gift card💀

[LieutenantMoss]

When I get gift cards I be spending that thing in a literal nanosecond

[summeryoung]

Sometimes in order to not fund someone's bad habits you have to get them gift cards to force them to use money in a specific way.

[idkbro]

"let me explain"
*Noel Deyzel music starts playing

[flyboy]

That is not a scam; you are getting exactly what you paid for. If the recipient fails to use the full value of the card, it’s no one’s fault but their own.

[darthraider]

If you organise your gift cards and take notes of the value and expiration dates, gift cards can be a good saving on purchases. In conjunction with cashback apps and survey apps, gift cards are a good option and I reckon that I've saved hundreds of pounds this year so far. But be aware that the company can reject them at any notice as per terms and conditions, and if the company goes in administration or liquidates then you lose the entire value of the gift card.

[Nightcaat]

This is like saying perishable food is a scam because people can forget to eat all of it

[jackscorner]

I see a few issues with this -

1) It’s very common nowadays to sell/purchase gift cards at a heavy discount (10-20%) anywhere from your local grocery store to Target, Amazon even Office Depot sells them discounted. Meaning the company is already taking a loss on selling those.

2) Gift Cards by law never expire, meaning you could use it in 5 years.

I definitely don’t see them as a scam, but more of a win win. You get them at a discount and use them anytime you want. Now if they had a set expiration date then it’s a scam as it forces you to use it within a specific period.

[dianarockwell]

The stores do not have to claim the sale until the card is actually used. I heard that many years ago I’m not sure it’s still true but they can take the money from the sale and not have to report it until the card is used.

[atsanonwadsanthat]

Meanwhile, _real_ scammers just scream "why did you redeem"?

[jcbsrl]

In Sweden gift cards usually have a 1 year expiration date (sometimes it is 2 or 3, 5 or even 10 year). So a gift card is the best sale you can do because a lot of times people will buy one and it will go unused, so the company gets all the money without paying taxes.

[carolineapodaca]

And that along with adding to plastic pollution is why I hate gifting them or getting them. Most states have laws that let you still use yours after the expiration date, make sure you know your areas it can help you use up every cent.

[Appalife]

All companies hate me for using all my gift cards

[Zapinc]

The worst one is when you try to use a card as part-payment and its refused. Say you are given a £20 card for a shoe shop and a pair of shoes cost £30 and they refuse to let you use the gift card unless it's balance covers the whole cost

[Bat-talk]

I always make sure I get every last drop out of that card

[michaelbujaki]

Before Paypal, I used them to buy stuff on the Apple store and later Google Play.

[rtemper]

This is why I always give cash instead.