A Visa gift card is basically a pre-paid card which can be used at an ATM machine to buy items and services at an approved merchant store anywhere in the U.S. The pre-paid amount is subtracted from the total amount of your purchase before the prepaid card balance is zero. This means you don't have to pay interest but simply use it to make your purchases.
You can also make transactions with this card with your credit card. Once your purchase is complete, you can withdraw your money from your ATM machine directly or send it to your bank account. If you are buying a product on a website, you can also transfer your funds to the customer's payment gateway through the website itself.
There are some limitations to this prepaid card. In general, you won't be able to make purchases at grocery stores, gasoline, movie theaters, or other retail establishments that accept Visa debit cards. Also, this prepaid card isn't accepted for online shopping. The only real drawback to this type of card is that it only works with merchants who accept Visa debit cards.
If you're looking to save money and you can't get this type of card through your employer, there are other options. You could use a company credit card that has low APR (annual percentage rate) charges and offers rebates or you can get cash back rewards.
Most companies reward their employees for each dollar spent on travel, dining, and other entertainment so instead of spending money on these types of rewards, they instead offer cash back rewards. Another good option is to get an airline miles credit card that gives you free airfare when you redeem your credit card at a participating airline location.
It really comes down to how much you use the card. If you plan to use the card often for everyday purchases, this type of card might not be for you. If you only plan on using the card once in a while, then a Visa gift card may be just what you need.
As with all types of cards, this card comes with restrictions and it's best to find a company that's willing to work with you. For example, if you plan on making frequent purchases such as eating out or entertainment, you'll want to avoid the Visa gift card that requires you to have an account with them. Also, you will want to look for a . . . . . . company that offers rebates or other incentives for using the card.
It's also important that you understand how to use your credit card. Because the Visa gift card doesn't allow online purchases, you can't charge anything else on it and you will have to go to your bank to deposit the money if you want to make a purchase online. So make sure you understand how to use it properly before using it.
With a little research, you can find a card that works for you and helps you save time, money, and effort. This card really does make a great way to save money and be a savvy consumer when you shop. And it's a great way to get that great entertainment you need too.