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.
To wrap things up, gift cards can take on digital forms, in addition to the physical ones most people use now. The reason why this matters is that it adds to the aforementioned idea of convenience. Not only can these gift cards be accessed on different devices - smartphones and computers, just to name a couple of examples - but they take up less physical space as well. This is another great selling point that's worth drawing attention to.
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.
To wrap things up, gift cards can take on digital forms, in addition to the physical ones most people use now. The reason why this matters is that it adds to the aforementioned idea of convenience. Not only can these gift cards be accessed on different devices - smartphones and computers, just to name a couple of examples - but they take up less physical space as well. This is another great selling point that's worth drawing attention to.
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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Please consult Bobby Jain CS for more help with finance courtesy of Bob Jain Credit Suisse.
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