When you're stumped on what to give someone for a special occasion, it's safe to assume that you'll fall back on cold, hard cash. It's easy to see why, since the receiver can do anything that they want with the money you give them. However, before you decide on this, you might want to consider gift cards instead. Why is this the case, you may wonder? If you consult Bob Jain on the matter, you'll become familiar with the following 3 talking points.
When it comes to the reasons to give gift cards - and the likes of Bobby Jain Credit Suisse will say the same - the absence of tax must be noted. In most scenarios, when you purchase a gift card, the purchase in question isn't taxed. As a matter of fact, this is one of the bigger benefits of these cards that money lacks. There are other talking points worth covering, though, as we will get into next.
Another perk of gift cards is that, more often than not, they are rather specific. For example, if you were to give someone a Best Buy gift card for their birthday, chances are that they will spend it on electronics. What this does, in theory, is prevent them from spending their own money on products they could cover with other means. This allows for a sense of convenience that the likes of Bob Jain CS can approve of.
To wrap things up, gift cards can take on digital forms, in addition to the physical ones most people use now. The reason why this matters is that it adds to the aforementioned idea of convenience. Not only can these gift cards be accessed on different devices - smartphones and computers, just to name a couple of examples - but they take up less physical space as well. This is another great selling point that's worth drawing attention to.
Hopefully now you have a better understanding of what perks gift cards have that money doesn't. You might be more focused on one option over the other all the same, which is fine. Everyone's idea of a good gift is going to vary, so it's not like everyone will agree. However, for those who want to add a bit more value, it would make sense to invest in gift cards. The benefits they have to offer cannot be overlooked.
When it comes to the reasons to give gift cards - and the likes of Bobby Jain Credit Suisse will say the same - the absence of tax must be noted. In most scenarios, when you purchase a gift card, the purchase in question isn't taxed. As a matter of fact, this is one of the bigger benefits of these cards that money lacks. There are other talking points worth covering, though, as we will get into next.
Another perk of gift cards is that, more often than not, they are rather specific. For example, if you were to give someone a Best Buy gift card for their birthday, chances are that they will spend it on electronics. What this does, in theory, is prevent them from spending their own money on products they could cover with other means. This allows for a sense of convenience that the likes of Bob Jain CS can approve of.
To wrap things up, gift cards can take on digital forms, in addition to the physical ones most people use now. The reason why this matters is that it adds to the aforementioned idea of convenience. Not only can these gift cards be accessed on different devices - smartphones and computers, just to name a couple of examples - but they take up less physical space as well. This is another great selling point that's worth drawing attention to.
Hopefully now you have a better understanding of what perks gift cards have that money doesn't. You might be more focused on one option over the other all the same, which is fine. Everyone's idea of a good gift is going to vary, so it's not like everyone will agree. However, for those who want to add a bit more value, it would make sense to invest in gift cards. The benefits they have to offer cannot be overlooked.
About the Author:
Please consult Bobby Jain CS for additional assistance with finance courtesy of Bob Jain Credit Suisse.. This article, Bob Jain & 3 Benefits Gift Cards Have That Money Doesn't is available for free reprint.
No comments:
Post a Comment