How does a gift card work?
Once the card is approved, it is produced and mailed to the intended recipient. The recipient will activate the card, typically either by phone or online. Then, they can begin to spend the card’s balance. Whenever the card is swiped, the processor confirms the card has a high enough balance to cover the transaction.
Can a gift card be traced?
Gift cards are difficult to trace. Gagliardi said that it’s complicated to track each gift card purchased with each credit card. That makes it that much more important that credit card holders keep careful track of their card statements and any unusual purchases.
Do gift cards work if you steal them?
Stealing numbers and cloning cards
Another very common method of gift card fraud is committed is through stealing numbers off physical gift cards. Gift cards are not usable until they are activated at the cash register. In many stores, gift cards are sitting out in an accessible place.
Can I find out who used my gift card?
Once you have the gift card number (or as much information as you can find), call customer service for the merchant that issued the gift card. The objective of the phone call is not to “find” the gift card, but to find out if the gift card has been used.
How much money should you put on a gift card?
Gift cards for acquaintances, co-workers or casual friends should be in the $10–$20 range. If your recipient is a close friend, sibling or other family member, select a gift card with a value of $30–$75. For spouses and anyone you want to recognize in a big way, opt for a gift card worth $75 or higher.