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What is the difference between a prepaid card and a gift card?

Joe Ford

What is the difference between a prepaid card and a gift card?

Prepaid cards and gift cards are both pieces of plastic that can be used to make purchases. The biggest difference between the two reflects their permanence: prepaid cards can be reloaded and used indefinitely, while gift cards can generally only be used until the dollar amount on them is exhausted.

What is the best prepaid gift card to buy?

Best prepaid cards

  • Best for no monthly fee: Bluebird® by American Express.
  • Best for limited fees: Starbucks® Rewards Visa® Prepaid Card.
  • Best for cash back: American Express Serve® Cash Back.
  • Best for cash reloads: American Express Serve® FREE Reloads.
  • Best for families: FamZoo Prepaid Card.
  • Best for Walmart shoppers: Walmart MoneyCard.

How can I cash a gift card?

Here’s the fastest way to get cash for gift cards:

  1. Check the balance of your gift card.
  2. Take the gift card to a Gift Card Exchange kiosk.
  3. Enter the gift card information into the system.
  4. Review the cash back offer and decide if you want to accept it.
  5. Upon acceptance, print the voucher.

What gift card can be used at ATM?

Visa gift cards

Can you use gift cards Cash app?

You currently can’t use a prepaid card on Cash App to add funds to your account. Cash App accepts linked bank accounts and credit or debit cards backed by Visa, American Express, Discover, or MasterCard.

Can I buy a gift card with a credit card?

You can absolutely buy gift cards with a credit card instead of cash or debit, but you should only do so with a plan. If you buy gift cards with plastic and don’t pay your balance in full, for example, you’ll wind up paying credit card interest on your revolving balance each month.

Can I buy a gift card with a credit card online?

You can buy gift cards using a credit card, but in rare cases you could run into an issue buying a store-issued gift card. You could encounter a retailer that doesn’t accept credit cards, or that requires additional ID to check against your credit card.

Can you buy gift cards at Walgreens with a credit card?

Retailers where you can buy gift cards with your credit card include Amazon, Target, Walmart, The Home Depot, Walgreens, CVS, Simon Malls and GiftCards.com. But if you do get rewards from gift cards, you can’t turn those gift cards into cash and use the money to pay your bill.