Finally, a Solution to the Problem of the Lost or Misplaced Gift Card

Photo (cc) by 401(K) 2013

Gift cards are a very popular go-to gift for the holidays. And a new survey from Bankrate found that an electronic gift card may be the way to go, particularly if you’re shopping for a young adult. According to Bankrate:

“Since millennials are more likely to lose plastic gift cards and are tied to their phones ’round-the-clock anyway, mobile gift cards are the perfect solution,” says Shelley Hunter, spokeswoman for GiftCards.com and creator of the Gift Card Girlfriend brand. “Electronic cards are easily accessible by phone, harder to misplace and can be tracked down if they are accidentally lost or deleted.”

Millennials are about twice as likely as other consumers to lose a physical gift card, the survey said.

Bankrate said 14 percent of millennials (18- to 29-year-olds) have given or received a digital gift card, compared with 7 percent of consumers ages 30 to 49 and 6 percent of 50- to 64-year-olds.

According to Today, sending an electronic gift card is easy.

You can go to the retailer’s website or shop at sites that sell discounted gift cards, such as GiftCards.com, CardCash, Card Hub, Cardpool and Gift Card Granny. And of course, there are also apps for that, such as Gyft, GoWallet, Giftly, GiftFly, GiftRocket and Yiftee.

Although digital gift cards are gaining popularity, they represented just 8 percent of the $85.8 billion spent on gift cards last year, Today said.

I’ve both given and received an electronic gift card. I think they’re really convenient gifts for friends and family, especially if they live out of town or, if you’re like me, you wait until the last minute to get a gift.

Do you purchase gift cards for holiday gifts? What do you think of electronic gift cards? Too impersonal, or a great solution to the problem of missing gift cards? Share your thoughts below or on our Facebook page.

Finally, if you ever have to shop for people who say they have everything and don’t need anything, check out the following video.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
17 Home Upgrades That Rarely Help Close a Sale
17 Home Upgrades That Rarely Help Close a Sale

Real estate agents give these renovations low marks when it comes to helping sell homes.

8 Key Steps to Planning for Retirement as a Couple
8 Key Steps to Planning for Retirement as a Couple

Ready for retirement? Not so fast. You might be surprised at some of the issues that come up for couples when they plan.

16 Products You Absolutely Do Not Need
16 Products You Absolutely Do Not Need

You can safely leave these products on the store shelf.

Should You Hire a Service to Negotiate Your Cable and Other Bills?
Should You Hire a Service to Negotiate Your Cable and Other Bills?

Services like BillCutterz and BillFixers will negotiate your cable, internet, phone and other monthly bills in exchange for a share of the savings. I tried it: Here’s what happened.

How to Stop Living Paycheck to Paycheck in 8 Steps
How to Stop Living Paycheck to Paycheck in 8 Steps

Is your paycheck gone the moment you get it? Here’s how to break that vicious cycle.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

How to Buy Gas At Costco Without a Membership
How to Buy Gas At Costco Without a Membership

The warehouse club often has some of the cheapest gas in town. Here’s how you can get it as a nonmember.

10 Things to Stop Buying If You Want a Clutter-Free Home
10 Things to Stop Buying If You Want a Clutter-Free Home

If you like to keep things simple, avoid these purchases.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

Vacuums from this brand can last a half-century, if not longer — and they’re hot on the resale market.

A Simple Way to Silence Robocalls Today
A Simple Way to Silence Robocalls Today

A few steps can keep your phone from ringing when a spammer calls.

This Company Makes the Best Tires in America
This Company Makes the Best Tires in America

Driver satisfaction with tires is at an all-time high, but one brand stands out.

This Health Issue Can Hint at Dementia Years in Advance
This Health Issue Can Hint at Dementia Years in Advance

One type of pain is especially associated with cognitive decline.

Can I Switch to Spousal Social Security Benefits When My Ex Dies?
Can I Switch to Spousal Social Security Benefits When My Ex Dies?

Knowing when to claim can help you maximize benefits.

Medicare Will Not Cover These 6 Medical Costs
Medicare Will Not Cover These 6 Medical Costs

Don’t let these health care expenses catch you off guard in retirement.

8 Things You Should Always Buy on Amazon
8 Things You Should Always Buy on Amazon

The giant retailer shines when it comes to these things, from basics to hard-to-find specialty goods.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

12 Deep Discounts Available on Amazon This Friday
12 Deep Discounts Available on Amazon This Friday

These items are steeply discounted — but the deals won’t last long.

5 Ways to Fill Your Pantry With Free Food
5 Ways to Fill Your Pantry With Free Food

Anyone can take advantage of these resources.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

6 Reasons You Should Stop Hiding Cash at Home
6 Reasons You Should Stop Hiding Cash at Home

Stashing money around the house is anything but harmless.

5 States With the Worst Health Care for Retirees
5 States With the Worst Health Care for Retirees

All of these states are located in the same region of the nation.

Beware This Hidden Ingredient in Rotisserie Chicken
Beware This Hidden Ingredient in Rotisserie Chicken

Something foul may lurk in those delicious, ready-to-eat birds.

36 Things That Will Be Obsolete Soon
36 Things That Will Be Obsolete Soon

The writing is on the wall for dozens of things we have grown up with.

5 Products You Should Never Buy Generic
5 Products You Should Never Buy Generic

Sometimes the brand-name version is clearly superior.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.