What Is a Gift Card? How It Works and Its Benefits
Gift cards are everywhere — from supermarkets to online stores. They’re practical for gifting, help with budgeting, and add security to digital purchases. But what exactly is a gift card and why has it become so popular?
From last-minute presents to financial planning tools, gift cards are more versatile than they seem. Below, we’ll explore how they work, the main types available, and the best ways to use them.
What Is a Gift Card? A Simple Definition
A gift card is a prepaid card with a set value. It works as an alternative to cash or a traditional card: you load money in advance and use that balance for purchases in physical or online stores.
There are two main types:
- Physical Gift Cards: plastic cards you can find in stores like Walmart or Target. Perfect to give in person.
- Digital Gift Cards (e-gift cards): delivered by email or SMS with a code for instant use. Quick, convenient, and ideal for last-minute gifts.
In addition, there are:
- Store-specific Gift Cards: valid only at one retailer (like Starbucks or Apple).
- Universal Gift Cards: issued by major brands and accepted wherever that network is.
How Gift Cards Work: From Purchase to Payment
Using a gift card is simple and involves just a few steps:
- Purchase and Activation: choose the value when buying. Physical cards are activated at checkout; digital ones are activated automatically after payment.
- Use: present the card in store or enter the code online at checkout. The amount is deducted from the balance.
- Balance Check: usually available online, via a toll-free phone number available on the card, or by scanning a QR code.
- Terms of Use: check expiration and conditions. Many gift cards don’t expire, but some store-specific ones may have deadlines or fees or fees after a certain period.
Inter gift cards never expire. However, each partner brand has its own terms and redemption rules, so it’s important to check before using.
Benefits of Using Gift Cards
Beyond convenience, gift cards offer real advantages:
- The perfect gift: no need to guess — the recipient chooses.
- Budget control: by loading a fixed amount, you set spending limits (e.g., $50 per month for streaming or gaming).
- Security: safer than carrying cash and reduce exposure of your banking info in online purchases.
- Accessibility: no bank account or credit history required.
- Savings with cashback and points: with Inter, you get cashback right into your account and can even redeem points for gift cards.
Gift Cards vs. Traditional Payment Methods
Cash, debit, and credit cards are common options, but each has its own traits:
- Credit card: offers a line of credit but may lead to debt.
- Debit card: pulls funds directly from your bank account.
- Gift card: a controlled payment method — you only spend what you’ve loaded, without risking other accounts or exposing sensitive data.
Why Buy Gift Cards on the Inter Super App
With the Inter super app, buying gift cards is even easier. Browse options from different brands and services in just a few taps. Fast, safe, and all in one place.
Plus, with Inter gift cards you get:
- Wallet integration: add your gift cards directly to Apple Pay or Google Pay for everyday convenience.
- Real savings: at Inter you can earn cashback on many purchases, helping you save and manage your finances better.
Best Practices When Using Gift Cards
A few simple habits can make gift cards even more useful:
- Treat them like cash: keep your physical card or digital code safe.
- Use promptly: redeem soon after receiving to avoid forgetting.
- Beware of scams: never share the gift card number with strangers. Gift cards should only be used on legitimate purchases.
- Track your balance: check how much is left after every purchase.
A Practical Everyday Option
Gift cards are everyday allies: whether for a quick online buy, organizing your budget into categories, saving money, or giving a versatile gift.
Consider using a gift card in your next purchase — a simple, safe, and smart way to pay.
Download the Inter super app and experience how easy it is to buy gift cards from top brands in seconds.
FAQ – Frequently Asked Questions About Gift Cards
Do gift cards expire?
Many don’t, but some may have an expiration date or maintenance fees. Always check.
Can I use a gift card for online purchases?
Yes, just enter the code at checkout.
What’s the difference between a physical and digital gift card?
Physical cards are given in person; digital ones arrive by email or SMS, ready to use instantly.
Can I return or exchange a gift card?
Usually no but check the store’s policy.
What are the rules for using gift cards?
Each brand sets its own terms and conditions, so always review them before using.
