Definition of Gift card:
A gift card is a prepaid debit card that contains a specific amount of money available for use for a variety of purchases.
Gift cards are a form of prepaid debit cards loaded with funds for future use. There are generally two types of gift cards: open loop and closed loop cards. Both types can typically be used online and in person.
A small card that can be exchanged for a specified cash value of goods or services from a particular business, given as a gift.
Preloaded debit card that allows the cardholder to use it for the purchase of goods or services. Some gift cards can only be used at select retailers, but some can be used anywhere that accepts major credit cards. Some gift cards may also be reloadable, which provides the cardholder with the ability to add funds to the card and continue using it.
How to use Gift card in a sentence?
- Closed loop gift cards are usually not reloadable.
- Though physical gift cards still dominate the market, digital cards (eGift cards) are growing rapidly.
- The employees in our office all pitched in to buy a gift card for our boss to her favorite restaurant for her birthday.
- The sales department were told that todays bonus for the highest sales is a two-hundred dollar gift card at Price Club warehouse.
- Open loop gift cards can be used at many merchants, like regular debit cards; closed loop gift cards are good at just one retailer.
- I was given a gift card to their restaurant for Christmas this year.
- We decided to include a drawing for a gift card for each customer who purchased the product which we believe increased demand.
Meaning of Gift card & Gift card Definition