Ex­pert ad­vice

New Zealand Listener - - CONSUMER RIGHTS -

Tips for get­ting the most from your gift card.

Spend it as soon as you can in case the store sells or goes into re­ceiver­ship.

Don’t buy some­thing you don’t need just to spend it. It makes no more sense to do so with a gift card than with cash.

If you are con­tem­plat­ing a pur­chase, ask your­self whether your gift card can be used.

Set a re­minder or make a di­ary en­try for a month be­fore the ex­piry date to re­mind your­self to spend it. (If you’re not go­ing to keep it in your wal­let or purse, add a note to re­mind you where you put it.)

Spend the en­tire value even if it means sup­ple­ment­ing it with a bit of cash. Sta­tis­ti­cally, you are un­likely to ever re­turn to spend a resid­ual few dol­lars and it will be money wasted. If the card ex­pires, ap­proach the re­tailer as soon as you no­tice. If not much time has passed, chances are it will be hon­oured. Even if it is old, you might be in luck. The mer­chant wants your cus­tom and knows that most peo­ple who come in with a gift card spend more than its value.

If you are buy­ing a gift card for some­one, choose one that is valid at a range of stores. It will make it eas­ier to spend.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.