Glossary Terms: Gift Card

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Gift Card

A gift card is a type of prepaid card in which a customer pays a certain amount of money which is then loaded onto the card. They may be used to purchase certain goods from a specific retailer, if they are issued by a store, or they may be issued by a major credit card network and used anywhere credit cards are accepted. Many gift cards can be reloaded once the initial balance has been spent.

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