A gift card also known as gift certificate in North America, or gift voucher or gift token in the UK is a prepaid stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or organizations as rewards or gifts. They may also be distributed by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees. American Express, MasterCard, and Visa offer generic gift cards which need not be redeemed at particular stores, and which are widely used for cashback marketing strategies. A feature of these cards is that they are generally anonymous and are disposed of when the stored value on a card is exhausted.

From the purchaser’s point of view, a gift card is a gift, given in place of an object which the recipient may not need, when the giving of cash as a present may be regarded as socially inappropriate. In the United States, gift cards are highly popular, ranking in 2006 as the second-most given gift by consumers, the most-wanted gift by women, and the third-most wanted by males.Gift cards have become increasingly popular as they relieve the donor of selecting a specific gift.In 2012, nearly 50% of all US consumers claimed to have purchased a gift card as a present during the holiday season.In Canada, $1.8 billion was spent on gift cards, and in the UK it is estimated to have reached £3 billion in 2009,whereas in the United States about US$80 billion was paid for gift cards in 2006.The recipient of a gift card can use it at their discretion within the restrictions set by the issue, for example as to validity period and businesses that accept a particular card.

I Gift card sales are not limited to banks or retailers; such other companies as airlines, cruise ships, hotels, barber shops, train companies, theme parksrestaurants and other type of companies may offer gift cards as well.

Over the years, gift cards have continued to gain massive traction. The popularity of gift cards is primarily because people always need convenient ways to make payments, and gift cards are the perfect solution. Gift cards reduce the burden of carrying cash around and can also serve as the perfect gift for your loved ones. There are over a thousand gift cards in the world today as more retail companies are adopting the system to make payment convenient for their customers. While Nigerians would love to use gift cards as a means of alternative payment, the reality is quite different.

In this vein, you must be aware of the gift cards with the highest rates in 2022 before you start trading to gauge your profits effectively. The gift cards with the highest exchange rates are discussed below.

Itunes and Apple gift cards

If you own any Apple device, iTunes gift cards and Apple store gift cards should be familiar. Many people often think that Apple and iTunes gift cards serve the same purpose, even though they serve different purposes.The iTunes store is like a marketplace for all Apple users to purchase Apple products like music, movies, books, apps, and more. Apple store gift cards, on the other hand, are used for the purchase of physical apple products like iPhones and MacBooks on Apple’s online or physical store.

The value of Apple and iTunes gift cards is always on the rise because they are usually in high demand. Hence, you stand a chance to gain massive profits when you exchange them for cash on a reliable platform like Supribitex.

Amazon gift cards

Amazon gift cards are distributed by the famous e-commerce conglomerate called Amazon. An Amazon gift card is a card that has been pre-loaded with a certain amount of money, usually 25$ to 500$, and can be used to purchase goods from the Amazon online store. You can purchase up to 10,000$ worth of Amazon gift cards in a day. The resale value of Amazon gift cards in Nigeria is high because they are always in high demand.

Google Play gift card

Android users should be familiar with Google play gift cards. They are gift cards preloaded with specific amounts of money and can be used to purchase software items like books, Apps, Movies, games, and music from google playstore. The advantage that Google playstore has over other gift cards is that they are reusable by refunding. The exchange rate of Google play gift cards is also high because of high demand.

Steam gift card

Steam gift cards are gift cards that can be used to buy games, downloadable content, and in-game apps from Steam. Steam gift cards are always in high demand, which will continue to impact their resale value.

Sephora gift card

Sephora gift cards are gift cards issued by Sephora to their customers to purchase a range of beauty products and cosmetics. Sephora gift cards’ resale value in Nigeria is also significantly high because of their high demand.

Trade your gift cards at the best rate on Supribitex and get paid instantly

Now that you know the best gift cards with high exchange rates, the next step is to find a reliable and trustworthy exchange platform that would sell at the best rates and pay you instantly. The best gift card exchange platform in the country right now is Supribitex. Supribitex is the best and is fast becoming the favorite go-to exchange platform for Nigerians because they prioritize the needs of their customers.