02/07/2021 · You cannot withdraw or send money using a gift card. Prepaid cards have the option of sending money, shopping at accepted points as well as withdrawing cash from ATM points. You can use a prepaid card to buy a reloadable gift cards with no fees from merchants who sell them. Again, money loaded in prepaid cards does not expire.
The problem with cash gift cards is that they usually require a purchase fee. One of the most popular prepaid cards is a Visa gift card. Where To Get Visa Gift Cards With No Fee. Most Visa cash gift cards come with an activation fee. In the table below, you can see how much the purchase or activation fee varies depending on the card’s balance:
People Also Ask prepaid gift card with no activation fee
How much does it cost to activate a gift card?
These types of gift cards tend to charge fees for use. The fees include an activation fee that typically costs a minimum of $3.95, followed by a $2.50 monthly inactivity fee if the card isn’t use within 12 months. “What you have to remember is that general purpose cards are never worth the money you pay for them.
Can you use a prepaid card for gift cards?
You can use a prepaid card to buy a reloadable gift cards with no fees from merchants who sell them. Again, money loaded in prepaid cards does not expire. You can use it at any time you wish. Gift cards can expire. It means that when you receive one, you should use it within a specified time.
What is the best prepaid card with no loading fee?
What are the Nine Best Reloadable Prepaid Cards with No Fees? 1. Bluebird by American Express. The card issuer charges no monthly fee and no loading fee. Moreover, you will not incur charges concerning annual … 2. Brinks Prepaid MasterCard. 3. NetSpend Visa Prepaid Card. 4. Chase Liquid Prepaid …
The answer is no. Visa, Mastercard ®, American Express® and other bank-issued gift cards charge a purchase fee to cover the money they have to pay to third parties like the store, the program manager, and the processor.