Are there fees associated with gift cards?
Some gift cards may have associated fees. For example:
Purchase cost: Some retailers or card issuers may charge a fee when you purchase a gift card. This is not very common, but it may happen.
Idle fees: If the gift card has not been used for a long time, some issuing institutions may charge idle fees. If the gift card is not used for a long time, this will reduce the balance on the card over time.
Monthly maintenance fee: Similar to idle fees, some gift cards may have a monthly maintenance fee, which deducts a small amount from the balance each month.
It is important to read the relevant terms and conditions before purchasing a gift card to understand if there are any potential fees.