Can You Buy a Gift Card With a Gift Card on Amazon
Th May 4, 2017
How to Buy a Gift Card with a Gift Card
What you need to know almost ownership a gift card with another gift card.
iii Things to Know virtually Buying a Gift Card with a Gift Card
I have used a gift carte to purchase some other gift card a number of times, but in the last couple of years, I have noticed that stores are increasingly setting store policies making information technology so you tin no longer purchase a new gift carte du jour with a gift card yous already have. Then that left me request three questions. The first is, who decides if you can buy a gift bill of fare with a souvenir card? Secondly, why would you desire to? And thirdly, Why would you lot not be allowed to? This is what I came up with.
Who Makes the Gift Card Rules?
In 2009, Congress passed a federal law called the Credit Menu Human action of 2009. With it'south passage, merchants could no longer put expiration dates on souvenir cards shorter than v years nor could they charge souvenir carte du jour fees for non-employ in less than a year. I looked through this Act and could not observe annihilation regarding the legality of buying a gift card with a gift card. And then side by side I turned to State gift menu laws and once more could not find any reference to this type of transaction.
Since in that location is no federal or country law dictating whether or not you can buy a souvenir carte with a gift card, companies get to decide if they volition allow consumers to apply gift cards in their stores to buy other gift cards–that includes buying the same brand card or a third-party card. Keep in heed, however, that Visa gift cards are unlike. While y'all may not be able to use a store'southward gift card to buy some other gift menu, you tin can probably withal use a Visa gift carte to purchase a branded gift card. I'll explain more than below.
Why Would You Buy a Souvenir Carte with a Store Souvenir Card?
When asked this question, I have heard others say, "Why would you even want to purchase a gift menu with a gift card?" Oh my dear, there are several legitimate reasons. Let me explain a few of them below:
ane. To get the Gift Card you Want. Thanks to the proliferation of gift card kiosks at malls, grocery stores, craft stores, gas stations and more, there are a variety of places that y'all tin walk into one store in order to purchase a souvenir card for some other. This creates an opportunity to swap a gift card you received for ane that y'all'd rather have. For example, my kids received a Toys R Us gift card just after Christmas. Since Santa had been good to them, I suggested they did not demand more toys. Feeling satisfied (for the moment), they agreed. And then we took the gift card to Toys R Us and used it to purchase a movie souvenir card, ice cream souvenir card and an iTunes souvenir menu instead. (All great ways to have fun on wintertime suspension!) This is almost the only manner I know to effectively "trade" a gift card without giving up some of the face value.
ii. To Split the Gift Card Value. Gift cards are piece of cake to regift, just sometimes the corporeality on the card is an odd value (east.g. $23.42) or is more than y'all want to requite someone. If you take the gift carte du jour to the issuing store, you may be able to use it to buy a new gift carte du jour (or cards) in the dollar amount yous desire.
three. To Update the Plastic. I had a disbelieve Williams-Sonoma gift card that looked like information technology had been in my wallet for a while. I wanted to give information technology to a friend as a wedding gift, but knew that I could non requite her the ane I had. So, I took it to the store and used the old souvenir card to purchase a small gift plus a new Williams-Sonoma gift bill of fare that looked brand new. With the awesome client service at Williams-Sonoma, the clerk put the new souvenir card into a delightful gift card holder complete with tissue and a bag.
Those are merely a few legitimate reasons to use a branded souvenir card to buy some other 1. (More on less legitimate reasons below…)
Why Would You Buy a Souvenir Card with a Visa Gift Carte?
Visa gift cards are unlike than store gift cards in a variety of ways. The revenue model is different, redemption is different, how stores brand money from these gift cards is different and the rules and regulations around open up loop souvenir cards are also unlike. In all my searched, I take found no federal law, state law or shop policy prohibiting the power to purchase a store brand gift card with a Visa Gift Bill of fare or any other blazon of open up loop card.
Here are a few reasons why yous might want the freedom to do this:
ane. To Apply the Gift Menu Balance. If you lot accept a bank-issued gift card such equally a Visa® or Mastercard®, yous may somewhen notice yourself holding onto a gift card that has a miniscule balance left on information technology. Yous don't want to throw the gift bill of fare abroad, but you may be finding it inconvenient to spend that last $3.58 as well. An easy thing to do is buy an Amazon egift card for that same amount. Then y'all tin can employ the Amazon egift carte direct to your Amazon account. The next time you store Amazon, you'll get that $three.58 applied to your purchase.
ii. To Extend the Life of a Gift Card. Suppose you receive a souvenir card from your cablevision company equally a thanks for being a valued customer. The gift card you lot receive in that situation may have an expiration date on it (since information technology is a promotional prepaid card versus an actual gift bill of fare). To avoid having the gift card funds elapse, use it to buy a non-expiring souvenir card from a store or restaurant in your area.
3. To Make a Donation. I had several Visa souvenir cards that nosotros had ordered for a media issue but did not use. When a charity asked if we could make a gift card donation, I wanted to simply donate the unused Visa gift cards. Withal, since I had purchased the cards several months earlier (almost a yr), I knew that inactivity charges would presently start to deplete the value of the souvenir cards. Rather than donate gift cards that would take to be used quickly, I used the Visa gift cards to purchase store make gift cards that had no expiration engagement.
What is the Basis for the Shop Policy?
Lastly, I retrieve it is important to address the ground for a shop policy prohibiting this type of transaction. The chief reason that stores will not allow you buy a gift carte du jour with a gift card is to cutting down on money-laundering with gift cards. A typical scenario involves a thief using a stolen credit card to purchase a gift carte du jour and so using that gift menu to buy another one–creating some space between the ultimate use of the money and how it was originally and unlawfully obtained. Similar so many things in our social club, it is disappointing when illegal practices instigate rules and regulations that make information technology hard for honest people to practice things that otherwise would cause no harn. I have purchased souvenir cards using other gift card multiple times, all for skillful, legitimate reasons.
Lesser line
Equally Souvenir Bill of fare Girlfriend and your resource for all things gift cards, I would love to requite you a definitive answer. Only until a police force is made that either universally allows or prohibits ownership a gift card with a souvenir card, you volition just have to endeavour it, check store policies and enquire cashiers if the transaction is allowed. There are other ways to rid yourself of the souvenir cards you lot do non desire or volition not use. Try this blog post on ways to employ unwanted gift cards.
Do you have any other questions? If and then, let me know in the comments below or send me your gift carte du jour questions on Twitter (@GCGirlfriend).
Happy Gift Carding!
~Shelley Hunter, Gift Card Girlfriend
Source: https://www.giftcards.com/gcgf/buy-gift-card-with-gift-card
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