Q:

What is a prepaid Visa gift card?

A:

Quick Answer

A Visa Gift Card is a prepaid card that is accepted anywhere Visa debit cards can be used. It operates similarly to a prepaid gift card for an individual retailer but allows the recipient greater flexibility in how the money is spent.

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Full Answer

Visa Gift Cards are non-reloadable, in contrast to prepaid debit cards. Visa Gift Cards are not assigned a PIN number, so the user should select the "credit" option when checking out with their retailer and then sign the receipt. Because the cards are issued by individual banks, just like credit and debit cards, the exact terms of use vary. Each issuer provides instructions for activation and makes its own determination for maximum value. Most issuers also offer online utilities so that recipients can check the remaining balances on their cards.

To use a Visa Gift Card to purchase an amount greater than the balance remaining on the card, ask the cashier to set up two separate transactions. The first will be in the amount remaining on your gift card, and the second you will pay with some other form of payment, such as cash or debit. Merchants may require you to present the gift card if you wish to return an item with you purchased it. Therefore, you should keep it until you are sure you will not be making any returns.

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