Visa, Mastercard®, American Express® and other bank-issued gift cards charge a purchase fee to cover the money they have to pay to third parties like the store, the program manager, and the processor.
In short, no.
However store gift cards (Apple, Amazon, etc) generally they do not have an activation fee.
Do all Visa gift cards charge a fee?
Do All Visa Gift Cards Have A Fee
Yes; the fee is based on the gift card’s value. Gift card values from $10.00 to $74.99 have a $2.95 fee. Gift card values from $75.00 to $149.99 have a $3.95 fee.
Can gift cards charge a monthly fee?
Issuers can only charge an inactivity fee on a gift card if the card hasn’t been used in one year. Only one service charge* or inactivity fee can be charged per calendar month.
What prepaid cards have no fees?
Best Prepaid Debit Cards with No ATM Fees
- American Express Serve® The American Express Serve® makes it easy to withdraw money, offering $0-fee withdrawals at tens of thousands of MoneyPass® ATMs around the country.
- Chase Liquid® Prepaid Card.
- Bluebird® by American Express.
How much 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.
What gift cards have no activation fee?
Merchant-branded gift cards don’t involve Purchase activation fees, so a $25 gift card will cost you $25. Visa, MasterCard, and American Express gift cards all require a Purchase Fee, which can be anywhere from roughly $3 to close to $6 or so depending on where you buy.
What happens if my gift card expires?
Cards are good until the expiration date on the card has passed; the expiration date is no less than 5 years from date of purchase. If you do have an expired card, you may contact Customer Service to receive a new card in order to use the remaining funds. There is no fee to replace an expired card; funds do not expire.
How long do prepaid cards last?
Why do gift cards expire?
Expiry as a function of the sale contract between the buyer and the merchant selling a gift card has the effect of setting a finite time limit on the ability of the buyer or holder to redeem the voucher.