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.
When it comes to the reasons to give gift cards - and the likes of Bobby Jain Credit Suisse will say the same - the absence of tax must be noted. In most scenarios, when you purchase a gift card, the purchase in question isn't taxed. As a matter of fact, this is one of the bigger benefits of these cards that money lacks. There are other talking points worth covering, though, as we will get into next.
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.
With these talking points, it's clear as to what gift cards have to offer over money. This isn't to say that the latter is a bad gift option in its own right, since it does the job in a hurry. However, if you truly want to make yourself stand out at any occasion - it could be a birthday party, baby shower, or what have you - the extra mile should be traveled. For reasons like the ones discussed earlier, gift cards are worth investing in.
When it comes to the reasons to give gift cards - and the likes of Bobby Jain Credit Suisse will say the same - the absence of tax must be noted. In most scenarios, when you purchase a gift card, the purchase in question isn't taxed. As a matter of fact, this is one of the bigger benefits of these cards that money lacks. There are other talking points worth covering, though, as we will get into next.
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.
With these talking points, it's clear as to what gift cards have to offer over money. This isn't to say that the latter is a bad gift option in its own right, since it does the job in a hurry. However, if you truly want to make yourself stand out at any occasion - it could be a birthday party, baby shower, or what have you - the extra mile should be traveled. For reasons like the ones discussed earlier, gift cards are worth investing in.
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