The Rise of Online Gift Cards: A Convenient Gifting Solution

May 16
04:28

2024

Jessie Moore

Jessie Moore

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Gift cards have become the go-to present for virtually any occasion. They not only eliminate the stress of guessing what the recipient might want, but they also empower the recipient to choose their own gift. This article delves into the world of online gift cards, exploring how they can be obtained, used, and the benefits they offer. We also uncover some lesser-known statistics and methods to get free gift cards with minimal effort.

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The Popularity of Gift Cards

Gift cards have surged in popularity over the years. According to a report by the National Retail Federation,The Rise of Online Gift Cards: A Convenient Gifting Solution Articles gift cards have been the most requested holiday gift for 14 consecutive years. In 2020 alone, the gift card market was valued at approximately $619.25 billion and is projected to reach $1.9 trillion by 2027 (source).

Why Gift Cards Are a Preferred Choice

  1. Flexibility: Recipients can choose what they want.
  2. Convenience: Easy to purchase and send, especially online.
  3. Versatility: Suitable for any occasion, from birthdays to corporate giveaways.

How to Obtain Free Gift Cards

Reward Websites

One effective method to earn free gift cards is by registering on reward websites like MyPoints. These platforms allow users to accumulate points that can be redeemed for gift cards. Here’s how it works:

  • Online Shopping: Earn points by purchasing through affiliated online stores.
  • Email Engagement: Receive emails with links to websites. Clicking and visiting these sites can earn you points.
  • Surveys: Completing surveys can earn you up to 50 points per survey.

Prescription Transfers

Another lesser-known method is transferring prescriptions. Retailers like Target, Walgreens, and Kroger offer free gift cards to customers who transfer their prescriptions. By transferring your prescriptions multiple times a year, you can accumulate several gift cards.

The Economic Impact of Gift Cards

Gift cards are not just convenient; they also have a significant economic impact. According to a study by First Data, 75% of consumers who receive a gift card spend an average of $38 more than the card’s value (source). This phenomenon, known as "uplift," benefits retailers by driving additional sales.

Interesting Statistics

  • Unused Gift Cards: Approximately $3 billion worth of gift cards go unused each year in the U.S. (source).
  • Digital Gift Cards: The digital gift card market is growing rapidly, with a projected CAGR of 15.4% from 2021 to 2028 (source).

Tips for Maximizing Gift Card Benefits

  1. Track Expiry Dates: Ensure you use your gift cards before they expire.
  2. Combine with Sales: Use gift cards during sales to maximize value.
  3. Regift Unwanted Cards: If you receive a gift card you don’t need, consider regifting it.

Conclusion

Gift cards offer a versatile and convenient gifting solution for any occasion. Whether you’re looking to earn free gift cards through reward websites or prescription transfers, there are numerous ways to benefit from this popular gifting option. With the gift card market continuing to grow, understanding how to maximize their value can provide significant advantages.

By investing a few minutes each day in activities like surveys and email engagements, you can accumulate points and earn free gift cards. In today’s economy, this can be particularly useful for managing household expenses and other necessities. So, sit back, relax, and start exploring the world of online gift cards.

Note: All statistics and data mentioned in this article are sourced from reputable industry reports and studies.