What is a Gift Card and How Does It Work?

A gift card is a prepaid card that can be used for purchasing products or services at specific retailers, online stores, or even restaurants. These cards come in two main types:

1. Closed-loop gift cards – Can only be used at a specific store or brand.
2. Open-loop gift cards – Can be used anywhere the card provider (such as Visa or Mastercard) is accepted.

Gift cards are an excellent way to give someone the freedom to choose what they want while ensuring security and convenience. Whether you’re buying a gift for a birthday, holiday, or special occasion, a gift card is always a great choice.