How to get the most bang for your buck on your $500 gift card
Spend less, save more.
The most valuable thing you can spend a lot of on is a gift card.
The card offers a good return rate of 30 percent, according to a study from Bankrate.
And it can save you $1,500 to $2,500 on a gift-card purchase, according a 2014 study by the American Express Card Association.
But the card also has some drawbacks.
A gift card isn’t necessarily a good deal if you have high interest rates or don’t want to put any cash down, says Kevin Kohn, the chief financial officer of Citi Cardmember Solutions, which helps customers make gift card purchases.
Also, the annual fee is $10, and you can’t use the card to pay for purchases that are eligible for a credit check.
If you buy something and you’re late for the next paycheck, the card doesn’t have a way to help you.
In fact, you’ll be out of luck.
If the card has a negative balance, the fees on that purchase aren’t deducted, and the card will charge interest.
You can only get a credit report from the card issuer if the balance on the card is less than $500, Kohn says.
The worst part is that gift cards have limited value.
They’re a great way to save money but can be pricey.
You’ll get a gift in return if you buy a good item.
If, for example, you buy $10 worth of socks, you can get $5 back for the difference.
But if you spend $50, you’re left with $10 of credit worth nothing.
If that’s not a big enough incentive, the best gift card to get is a $50 Amazon gift card, says David Tuckett, chief marketing officer of Bankrate, a credit and consumer advice company.
It offers a 0.75 percent interest rate on purchases and a 0 percent fee on credit card transactions.
You also get a 2 percent cash back bonus for every $1 you spend.
So if you spent $10 on an Amazon gift and you spend a total of $100 on purchases, you’d get $2 in cash back, he says.
A credit card with a low interest rate means you can use the money to make more purchases.
The best thing you could do to boost your savings would be to use a credit card that has low interest rates.
But it’s best to shop around and compare offers and rates with other cardholders, Tuckitt says.
Keep in mind that some gift cards may have a lower interest rate or lower fees.
So, if you’re looking to save for a big purchase, you might want to consider a gift that offers a lower rate or less fees.