In these tough economic times, gift cards are becoming more popular and are a great alternative to even the best student credit cards. The recipient can use it on just about anything he needs, even household necessities. The balance is available for use right away on gift cards. With student credit cards, pre-authorization from a parent may be required. For some, the best gift would be a tank of gas or a refrigerator full of groceries.
Can I use gift cards to buy gas?
The short answer is yes. But before you rush off to the pump to use gift cards for your gas, there are some things you’ll need to be aware of. The most important thing: If you want to pay at the pump, think again, unless your gift card has a balance over $75.
“Before you are permitted to pump gas, many pumps seek a pre-authorization for $75… ”
“If you have insufficient Available Funds on your Gift Card to cover the Pre-Authorization Request, your attempt to use your Gift Card at the pump will be declined.”
Do I have to purchase $75 in gas when I use a gift card?
Unless you pump $75, you will not be charged that amount. Pre-authorization is just a method used to prevent criminals from driving off with gas they have not paid for. You will pay for what you pump. If your gift card has a balance less than $75, you’ll likely need to pay the gas station attendant, as you will not have enough for pre-authorization. Most gas stations will accept the gift card, used just like a normal credit card.
Can I use a gift card to buy groceries?
Gift cards can be used to buy most anything. As long as your grocer takes student credit cards, a gift card should be accepted. However, not all grocery stores accept credit cards or gift cards. It’s always best to inquire ahead of time to avoid difficulties or confusion. Always know your available balance. Most gift cards should have an 800 number on the back to help you confirm the balance. If you go over the available balance, the merchant may be able to accept a second form of payment in the same transaction. This is called a split-payment transaction.
Can I use a gift card in a split-payment transaction?
This depends on the policies of the store. Also, some cash registers, POS systems and other sales equipment are designed to handle split transactions, while others may not be. If your grocer cannot process a split-payment transaction, consider making two separate purchases.
