To say that gift hunting can be a challenge would be an understatement. This is especially true when you're shopping for someone you don't really know, so money is often the safest bet. Other times, however, you might want to go the extra mile and pick out a gift card instead. Why should gift cards be given instead of cash? With the help of Bob Jain, you will become familiar with 3 of the biggest reasons to do so.
One of the many benefits of gift cards, according to companies like Bobby Jain Credit Suisse, is that they usually aren't taxed. When you put money down on a gift card, you won't have to worry about the presence of sales tax, which is a benefit that can be passed along to the person you're giving the gift to. The same cannot be said for money, which is taxed. Of course, there are other reasons why gift cards are worth giving.
Another reason why gift cards are worth giving is that they tend to be very specific. What this means is that they are to be spent on specific products, which actually keeps spending more organized. For example, if someone receives a credit card to Starbucks, they won't carelessly spend money on drinks for a while. Gift cards offer quite a bit of convenience, in this respect, and Bob Jain CS would be hard-pressed to disagree.
Finally, gift cards can go beyond physical forms if you'd like. More and more stores are offering digital gift cards for purchase, meaning that people won't have to worry about carrying around more plastic. In order to use these digital cards, those who possess them simply have to take out their phones and have them scanned at registers. This goes back to the idea of convenience that gift cards, regardless of the forms they take, have to offer.
Hopefully now you have a better understanding of what perks gift cards have that money doesn't. You might be more focused on one option over the other all the same, which is fine. Everyone's idea of a good gift is going to vary, so it's not like everyone will agree. However, for those who want to add a bit more value, it would make sense to invest in gift cards. The benefits they have to offer cannot be overlooked.
One of the many benefits of gift cards, according to companies like Bobby Jain Credit Suisse, is that they usually aren't taxed. When you put money down on a gift card, you won't have to worry about the presence of sales tax, which is a benefit that can be passed along to the person you're giving the gift to. The same cannot be said for money, which is taxed. Of course, there are other reasons why gift cards are worth giving.
Another reason why gift cards are worth giving is that they tend to be very specific. What this means is that they are to be spent on specific products, which actually keeps spending more organized. For example, if someone receives a credit card to Starbucks, they won't carelessly spend money on drinks for a while. Gift cards offer quite a bit of convenience, in this respect, and Bob Jain CS would be hard-pressed to disagree.
Finally, gift cards can go beyond physical forms if you'd like. More and more stores are offering digital gift cards for purchase, meaning that people won't have to worry about carrying around more plastic. In order to use these digital cards, those who possess them simply have to take out their phones and have them scanned at registers. This goes back to the idea of convenience that gift cards, regardless of the forms they take, have to offer.
Hopefully now you have a better understanding of what perks gift cards have that money doesn't. You might be more focused on one option over the other all the same, which is fine. Everyone's idea of a good gift is going to vary, so it's not like everyone will agree. However, for those who want to add a bit more value, it would make sense to invest in gift cards. The benefits they have to offer cannot be overlooked.
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Kindly consult Bobby Jain CS for more help with finance courtesy of Bob Jain Credit Suisse.. Free reprint available from: 3 Reasons Why Gift Cards Should Be Given Instead Of Money, By Bob Jain.
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