Learn about gift cards
What is a gift card?
Also known as brand vouchers, gift vouchers and brand cards, gift cards are a digital mode of payment which carries a amount along with a pin / card no. You can buy these gift cards and use them to pay on 300+ brand online and offline as well.
Why should I use a gift card?
Gift cards help you get great value on your purchase with a brand. They simplify giving, help with budgeting, and are easily sent across distances, ensuring your thoughtful gesture brings joy and value.
How to use a gift card?
To use a gift card, simply present it at the time of purchase in-store or enter the card’s unique code at checkout when shopping online. The amount of your purchase will be deducted from the card's balance.
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Maximise Savings with Discounted Gift Cards in India

Last updated :
April 25, 2024
/

minutes read

In an era where every rupee counts, savvy shoppers across India are always on the lookout for strategies to stretch their budgets.

Enter the game-changer: discounted gift cards.

This smart shopping tactic is not just for the occasional splurge but a staple for regular savings.

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What Exactly Are Discounted Gift Cards? 

Discounted gift cards are prepaid cards that can be purchased for less than their face value. For example, a gift card worth ₹1,000 might be available for just ₹900.

This means you pay ₹900 to buy a card that will buy you goods or services worth ₹1,000. Essentially, you get ₹1,000 worth of shopping power but at a ₹100 discount.

A study by BW Marketing World highlights that 93% of Indian consumers find digital gift cards to be appropriate holiday gifts, highlighting the cultural acceptance and growing trend towards e-gifts.

Retailers and e-commerce platforms offer these cards at a discount to entice shoppers and encourage spending.

This strategy not only benefits consumers by saving them money but also drives sales for businesses. 

Strategies for Maximising Savings with Discounted Gift Cards

Achieving maximum savings with discounted gift cards isn't just about buying them; it's about how you use them.

Strategic Purchases: Leveraging gift cards during sales or for bulk buying can amplify your savings. 

Everyday Expenses: Consistently using gift cards for everyday expenses can accumulate significant annual savings. 

Where to Find Discounted Gift Cards

Finding genuine discounted gift cards in India is easier than you think, thanks to a range of trusted platforms dedicated to offering these savings.

MyHubble.money is a gift card store that simplifies the process of buying and sending the perfect gift card. You can get up to 10% discount on 300+brands. With a focus on digital convenience, Hubble offers instant discounts on top brands, making it a go-to for digital-savvy consumers (MyHubble.money).

Woohoo.in stands as gift card store, featuring cards from over 200 brands across various categories. From fashion and jewelry to dining and travel, Woohoo.in offers a wide array of options for savvy shoppers.

Ensuring Gift Card Authenticity

In a market flooded with options, ensuring the authenticity of your discounted gift cards is paramount. Here’s how you can safeguard your savings:

Purchase from Reputable Sources: Stick to well-known and trusted platforms. Websites like MyHubble.money not only offer a wide variety of cards but also guarantee their legitimacy.

Check for Tamper-Evident Packaging: If opting for physical cards, ensure the packaging is intact. A compromised package might indicate a tampered card, risking the value it holds.

Read Reviews and Feedback: Customer testimonials can be incredibly revealing. Prior purchases and experiences shared by other buyers can guide you towards the safest options.

Verify with Issuers: If in doubt, contacting the card issuer directly can confirm whether a card is legitimate. This step is especially recommended for high-value purchases.

Integrating Gift Cards into Your Budget

Incorporating discounted gift cards into your budgeting strategy can be a game-changer for managing personal finances in India.

With the Indian gift card market projected to reach USD 59,983.14 million by 2032 (Credence Research), it’s evident that more consumers are weaving these financial tools into their spending and saving habits.

Start Small: Begin by allocating a small portion of your monthly budget to purchasing discounted gift cards for regular expenses like groceries or dining. This approach helps you save consistently without overwhelming your budget.

Plan for Big Purchases: Anticipate larger expenses and buy corresponding gift cards in advance during sale periods. This strategy can lead to substantial savings on electronics, furniture, or travel.

Gift Planning: For festive seasons and occasions, allocate a part of your budget to buy gift cards when discounts are deep. This not only ensures you’re prepared with gifts but also stretches your festive budget further.

😎 Top selling gift cards now

FAQs 

Q: Can discounted gift cards really save me money? 

A: Absolutely. By purchasing gift cards at a lower cost than their face value, you effectively get more purchasing power for less money. This upfront saving can be compounded when used in conjunction with sales and offers.

Q: Are there risks involved in buying discounted gift cards? 

A: While there are inherent risks, they can be mitigated by purchasing from reputable sources like MyHubble.money, ensuring the authenticity and value of the cards.

Q: How can I ensure a gift card is authentic before buying? 

A: Purchase through established platforms, check for secure packaging on physical cards, and consider the seller's reviews and ratings. Platforms like MyHubble.money often provide direct support for verification.

Q: Can I use discounted gift cards along with other offers or loyalty points? 

A: Generally, yes. However, it’s advisable to check the specific terms and conditions of both the gift card and the retailer’s offers to ensure compatibility.

Q: How can I start integrating gift cards into my budget? 

A: Evaluate your monthly spending to identify areas where gift cards can be used. Start by setting aside a portion of your budget for discounted gift cards, gradually adjusting as you become more comfortable with their use.

Conclusion

As the gift card market in India continues to grow, tapping into this trend can not only enhance your shopping experience but also contribute significantly to your financial savvy. By strategically acquiring and utilizing discounted gift cards, you can unlock a world of savings and make the most out of every rupee spent.

References : 

https://bwmarketingworld.businessworld.in/article/Survey-93-Indians-Believe-Digital-Gift-Cards-Are-Appropriate-Holiday-Gifts/21-10-2022-451379/

https://www.myhubble.money/

http://Woohoo.in

https://www.credenceresearch.com/report/india-gift-card-market

😎 Top selling gift cards now
😎 Top selling gift cards now
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Shuaib Azam
Shuaib is a Marketing & Growth lead at Hubble. When he isn't working on growth initiatives, Shuaib writes fiction and doodles space monkeys.

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