- Centurion Member
- Posts: 4047
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
Purely from a time value of money perspective, I know that getting something I need now for 20% off is great, even if I have to wait a year or two to use the gift card. I will eventually have more stuff to buy at HD.
Still, I don't really like having money/purchasing power tied up in gift cards. I've had a $25 gift card for a restaurant I've never been to sitting in my wallet since 2014. I also have a Starbuck's gift card and Costco Cash card, but those I do use. I've shared my distaste for Shell gift cards before.
And to be clear: I don't buy gift cards on my own (except for Costco Cash to meet IHG min spend, which I may repeat for other new cards). I get some as gifts, won a bunch in a raffle, and get them randomly. I'm not in the habit of optimized spending via buying retail gift cards at grocery stores or gas stations.
I'll have to think about this a bit more before making any rules for my own use.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech