Gift Card Drawbacks – Show #28

Gift cards are a popular and easy way to give a friend or family member a gift but there can be some hidden drawbacks that both the buyer and the recipient should be aware of.

Some companies will charge a service fee if the card sits unused for a certain number of months. A few companies even charge the purchaser a service fee at the time of purchase. No matter when the fees apply, this takes away from the value of the card, so be sure to read all the fine print.

This recent article online illustrates how loyal customers or gift card holders can be ripped off if a retailer files for bankruptcy protection. All of a sudden the $50 gift card in your wallet is useless because the company does not have the funds available to honor it. In this case, the customer who purchased the gift card has given a loan to the store.

Read the full story here:
Bankruptcy Makes Gift Cards Worthless

Current Moms Love Shopping Contest:
Enter to win the “Quote The Walls” $50 Gift Certificate

Fun Contest for Kids:
Enter to win the Story Telling Kids Contest

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• Money Saving Mom
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As mentioned in the show, here’s a photo of my loot from CVS last week!

I made out well because I was able to use coupons but I also don’t feel guilty for getting so many good deals because I wasn’t a greedy or wasteful shopper .

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Chele Neisler is your host for Moms Love Shopping. As a mother of three boys, Chele is happy to have Moms Love Shopping as an outlet and a connection to other women. Spending every moment with all males isn’t easy! Hosting the show also allows her the chance to return to her two first loves, shopping and chatting.