Profitt Report: What to know before buying dad a gift card this Father's Day
This weekend, it’s all about dear old dad. We’ll likely spend more money than ever on Father’s Day this year according to the National Retail Federation.
If your dad is one of those guys who already has everything he wants or needs, a gift card might be in order.
Financial professional Mindy McIntosh with McIntosh & Associates said gift cards can help the gift giver stay on track, but the gift receiver should be careful.
“You buy whatever you can afford within that gift card and on the receiver’s side, it’s also up to them to stay on their budget,” she said. McIntosh explained that sometimes when people receive cards, they end up spending more than they would’ve without the card.
The Better Business Bureau also warns us to verify that protective stickers have not been removed and that the pin on the back is not exposed.
“Someone could've scratched off the back look for that, already copied down the number and used the gift card,” McIntosh said.
The BBB said to be leery of online auction or discount sites as the gift cards could be counterfeit or stolen.
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