The simple truth is that you need access to a credit card immediately. You can exchange these cards on these sites for other cards or even cash. You can buy the gift card online or in the store. I do have a Target credit card that has 5% off on everything else (but does not give discount for gift cards or for in store CVS Pharmacy). A prepaid gift card is perfect for such an occasion.

Make sure you have your ID and credit or debit card with you. That is unless the balance on my VISA gift card isn't enough to cover the cost of my drink. Companies have to plan for the possibility that gift cards may be redeemed at some point in the distant future — and until then, any unused gift card balances are earmarked as liabilities.

The rewards are good, but this is not the card on which to carry a balance. If Waldfogel's estimates held true today, it would mean that between $73B and $219B of the $730B consumers spend on gifts during the holidays (including $17B to $51B in gift cards) is virtually wasted in the transaction process.

Gift cards have been the most popular type of present for more than a decade now, as we reported last year So there's a good chance you received one for the holidays — perhaps one you didn't even want. It is simply a matter of finding one with the gift card balance that you have in mind.

That's why I recommend using this product as a gift for a child or teen who does not carry additional credit or debit cards. Remember that no matter what credit card you are using, it is always best to completely pay off your statement balance at the end of every cycle whenever possible.

If records show a value still remains on the card, American Express, Mastercard, or Visa can cancel the lost or stolen card and refund the available value to you in the form of another Target Visa, Mastercard, or American Express gift card. In the beginning, in terms of banking, there was an Automated Teller Machine debit card.