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Gift cards - facts and cautions regarding a widely used financial product

Author

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  • Helen Mirza

Abstract

Gift cards have grown in popularity for many reasons. They are a convenient option for any occasion requiring a gift, and a step up from giving cash. Some receivers (or observers) may consider a gift card an impersonal gesture, but the cards are practical in that the receiver obtains something he/she will likely use.

Suggested Citation

  • Helen Mirza, 2007. "Gift cards - facts and cautions regarding a widely used financial product," Profitwise, Federal Reserve Bank of Chicago, issue May, pages 14-16.
    • Handle: RePEc:fip:fedhpw:y:2007:i:may:p:14-16
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    File URL: http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2007/05_2007_pnv_reg_ed.pdf
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    Keywords

    Credit cards; Consumer credit;

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