In today’s digital world, one trend that has been consistently making waves is gift card trading. Coast Resources provides a platform for trading gift cards. Whether you’re a gift card collector, or you’re looking for how to make the most out of your unused cards, Coast is here for you.
In this blog post, we’re going to talk about the types of gift cards to trade in 2024.
A Gift card is a card or token that can be exchanged for a specific cash value of goods or services from a particular business, usually given as a gift.
A gift card is mostly given to customers as a loyalty program and to encourage repeat purchases.
Categories of Giftcards
Gift cards fall into 2 categories, which are based on how and where the gift card can be used.
- Closed Loop Gift Cards: Close loop gift cards have limited use. It is restricted to the issuing merchant only. They are closed in the sense that they have limited acceptance mostly within small businesses. Closed gift cards are used as customer loyalty programs to promote businesses and encourage more purchases. Examples of closed-loop gift cards are Amazon and Sephora.
- Open loop gift cards: Unlike closed loop gift cards, they are more versatile and can be used at a wide range of businesses. They are flexible to use. They can be used for online shopping, in physical shops, and for withdrawing cash from ATMs. Open-looped gift cards are mostly issued by financial institutions and can be reloaded with funds.
Forms of Giftcards
- Retailer or Store Gift Cards: These gift cards are specific to a particular retail store. They are used to make purchases for products or services in physical stores and are specific to that particular retailer.
- Online Gift Cards: They are used to make purchases in an online store, rather than in physical stores. Examples of top online gift cards include Amazon, eBay, and iTunes.
- General purpose gift cards: These gift cards are very flexible and can be used to make purchases in different kinds of businesses. They can be used anywhere the gift vouchers are accepted. Top general-purpose gift cards include Visa, Mastercard, and American Express.
- Restaurant gift cards: They are mostly issued by fast food chains or coffee shops. They are mostly used in customer loyalty programs and for continuous purchases from that particular store.
- Entertainment and media gift cards: They are mostly issued by entertainment-related businesses like Netflix, Spotify, Steam, and Xbox. They provide access to various forms of entertainment and media.
- Digital gift cards: Many gift cards are available in digital format. They are mostly sent via emails and apps and they can be redeemed online, through mobile devices.
Popular Giftcards You Can Trade with Coast
- Steam
- Amazon
- Ebay
- iTunes
- Google Play
- Ebay
- Amex (Gold)
- Apple store card
- Footlocker
- Nike
- Nordstrom
- Sephora
- Walmart (Prepaid)
- Vanilla
- Visa
- Razor Gold
- Target
Conclusion
Coast is committed to having you whether as a seasoned trader or a newbie. We’ve explored the diverse types of gift cards.
Explore Coast and leverage the potential of gift card trading. Whether you’re looking to sell or exchange your gift cards, we’ve got you covered.
Also Read : A Step-by-Step Guide on How to Sell Gift Cards on the Coast App
Start your journey with Coast today and discover the exciting opportunities that await you in the world of gift card trading.
