While checking out at the grocery aisle the other day I saw this gift card rack and on it had these Visa gift cards. Essentially, it is a credit card with an X amount of money where you can spend it with any merchant that accepts Visa normally. An ultimate gift card I guess you can say and that is how the literature in the package kind of presented it as too.
After thinking about more, wouldnâ€™t plain money be better? The funny thing too was that apparently there is a transaction fee for using this gift card as well. So it makes you wonder, if you are giving it mainly as a gift wouldnâ€™t it make more sense just to give plain old money? Technically that would be more of an ultimate freedom to buy almost anything. Think this is one of the few times I would say that using cash would be better.
I personally only see this useful for a person that canâ€™t get a credit card and need to buy something specifically online.