2012 gift card survey chart
By Juan Rodriguez
As America's gift card market continues to grow -- to the tune of $9 billion from 2011 to 2012 -- issuers continue to innovate and adapt to consumer demand.
This year, the 2012 CreditCards.com/Bankrate survey of 63 gift cards revealed that in order to keep customers shopping, more than half of the cards surveyed allow you reload the card with more money, and more than half also offer an electronic or digital gift card option. (See accompanying story: "Gifting, budgeting, driving gift card boon.")
And, as in previous years, the open-loop cards (those issued by banks or credit card companies that can be redeemed anywhere) continue to have higher purchasing fees than closed-loop cards (those cards that can only be used to buy products or services from the issuing retailer).
For a gift card's specific fee and usability structure, please refer to the chart below.
Updated: November 18, 2013
- Tips for buying airline tickets with a debit card – Buying an airline ticket with a debit card involves its own restrictions and requirements ...
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- Buying gift cards with a credit card gets harder, for now – Merchants waiting for certification of new equipment to process EMV chip cards are putting limits on gift card purchases, a favorite of credit card fraudsters ...