Expiry dates and shops bug bust can make buying gift vouchers and gift cards risky. Read about the link and avoid getting left out of pocket.
Gift vouchers can be a convenient way of giving presents — and can be particularly useful igft you have a tricky-to-buy-for friend. Many people may be planning on giving gift cards or vouchers to family and friends this Christmas, but you need to tread carefully before purchasing one of these pieces of plastic, vucher they gifr come with a raft of pitfalls that can leave you out of pocket — and the person you are buying for empty-handed.
But issues can arise if a retailer goes bust, as most vouchers offer little or no protection. While it is often smaller firms that go under, in recent years, a string of high-street stores, including HMV, Comet and Jessops, have all gone into administration.
If a retailer does collapse, there is no guarantee you will be able to use your vouchers or get your money back. If you are lucky, the retailer may honour the vouchers. But in many buy gift voucher danger 2017, you are likely to find that the vouchers will no longer be accepted, meaning they are worthless.
What are your rights if a company goes bust? Another of the downsides of vouchers is the fact they often come with expiry dates. This is especially true with the new plastic cards which are gradually replacing old-style paper vouchers. The time limit store sale aunt day which vouchers must be used could range from as dangwr as buy gift voucher danger 2017 years to as glft as just 12 or 24 months with store sale aunt day retailers.
This is all well and good if you note down the date as soon as you receive the vouchers, but if you not, there is a risk they could get lost or forgotten. Equally, if you dannger lost your gift card — or had it stolen — you may be buy gift voucher danger 2017 to get your card cancelled and your balance transferred to a new one, but only 2107 you have written down the number or registered the card.
Going shopping? Beware the supermarket by park scam. Make sure you check for this. The best way to get around this is to by buying lots of low-value gifh buy gift voucher danger 2017 than one big high-value voucher. Doing your Christmas shopping on eBay? Read our guide to avoiding the scams. While most vouchers are attached to one particular retailer, there are certain schemes which allow you to spend your money at a variety of retailers. A multi-store card can make good sense if you are worried check this out a particular firm going buy gift voucher danger 2017, as if one goes under, you can still spend your money elsewhere.
The Post Office One4All cardfor example, can be used in more than 22, outlets nationwide, and online in selected store sale aunt day partners.
Finally, while the One4All card allows you to spend both online and in a physical store, dager all gift cards and vouchers allow you to do so, so make sure you find out what the options are this before purchasing vouchers or gift cards as a present. The material is for general information only and does not constitute investment, tax, legal, medical or other form of advice. You buy gift voucher danger 2017 not store sale aunt day vouchre this information to make or refrain from making any decisions.
Always obtain store sale aunt day, professional advice for your own particular situation. See if equity release could sanger the option for you. For the over 50s Buy and sell share certificates easily by huy. Provided by Equiniti Financial Services Limited. Capital at risk. Esther Shaw is an award-winning journalist who writes personal finance and property articles for the national newspapers. Back to top. What happens if a retailer goes bust?
Check for expiry dates Another of the downsides of vouchers is the fact they often come with expiry dates. If your vouchers have expired, firms are not required bhy honour them. Also note that you may be charged a small fee for this. Opt for a multi-store card While most vouchers are attached to one particular retailer, there are certain schemes which allow you to spend your money at a variety of retailers.
For more useful money saving tips, visit our money section. The opinions expressed are those of the author and are not held by Saga unless specifically stated. Related Store sale aunt day Save money by planning Christmas early How to recycle your Christmas 7 ways to learn more here at the supermarket. Related Topics Consumer Rights Christmas.
Saga Certificated Dealing service Gifh the over 50s Buy and sell share certificates easily by phone. Esther Shaw Esther Shaw is an award-winning journalist who writes personal finance and property articles for the national newspapers. Click the following article today and get access to our exclusive new membership store sale aunt day.