You’re probably about to receive prepaid cards or vouchers as a gift and you’re wondering which gift card has the highest rate in Nigeria. Don’t fret, we’ve got you covered in this article.
What Are Gift Cards?
In simple terms, a gift card is a redeemable voucher card that people use to make payments at specific retail stores. Form a mental picture of this, someone gifts you an MTN recharge card (airtime), because they couldn’t decide which plan to get you. Now, you head to an MTN store to redeem it to your choice airtime or you can sell it at any store that retails MTN cards. That’s just basically what gift cards are. Examples of gift cards include:
- Gaming gift cards like Xbox, PlayStation, and Steam.
- Service gift cards like salons, spas, and gym memberships.
- Retail or chain store gift cards like Amazon, Target, Walmart, Macy’s, Nordstrom, etc.
- e-gift cards like Best buy, Etsy, etc.
- Entertainment gift cards like Netflix
- Restaurant gift cards like Starbucks, McDonald’s, etc.
- Beauty and personal care gift cards like Sephora
There are other examples of gift cards out there, but these are the popular ones. Note that gift cards can be either physical cards or electronic cards(e-gift cards). Before we delve into which gift card has the highest rate, we’ll peek at some uses and examples of gift cards available in Nigeria.
What Is A Gift Card Used For?
Originally a convenient way of gift-giving, gift cards have various other uses. Most people are unable to decide what kind of gifts to purchase for friends and those they care about. Or maybe these friends reside in faraway locations. So, they just gift them gift cards which are loaded with certain dollar amounts, equivalent to the gifts they were indecisive about. The recipient uses the gift card to make purchases at stores where the cards are accepted.
Here are some other uses of gift cards:
- Organizations give gift cards to customers, employees, etc as rewards or incentives.
- People use gift cards to make online purchases at gift card retail websites or e-commerce platforms.
- When it comes to budget spending, gift cards are a very convenient way of ensuring you don’t overspend on personal items.
- Most organizations use gift cards as a fundraising tool.
- Some hotels and airlines offer their customers gift cards for room or flight reservations.
- Many people also use gift cards to purchase tickets or items at movie theaters, theme parks, and various other entertainment venues.
- Another use of gift cards is the payment for services such as salons, spas, and gyms.
Examples Of Gift Cards Available In Nigeria
Can you send gift cards to people in another country?. Yes, you can send gift cards to both people in the same country and international countries. However, it’s important to note that some gift cards are limited to a specific region or country. And are redeemable only at specific retail companies.
In no particular order, here are some of the popular gift cards in Nigeria available for sale:
- Steam Gift Card
- Walmart Gift Card
- Apple iTunes Gift Card
- Sephora Gift Card
- Google Play Gift Card
- Nordstrom Gift Card
- Razer Gold Gift Card
- Macy’s Gift Card
- Foot Locker Gift Card
- American Express Gift Card (AMEX)
Which Gift Card Has The Highest Rate?
It’s quite hard to say which gift card has the highest rate in Nigeria. Considering that the prices and availability of some of the gift cards might vary. Nonetheless, we have curated all-time gift cards with the highest rates in Nigeria.
Steam Gift Card
Steam is one of the largest digital distribution platforms for PC gaming, originally launched in 2003 as a game developer, Steam has grown to incorporate several other features and functionalities. The Steam Gift Card is a digital gift card that users can make use of to purchase games, software, and other items on the Steam platform. As well as to gift friends.
It’s one of the most acknowledged gift cards with the best rates, due to its cash significance. The physical Steam gift cards are preferable over the digital ones because of their value. Physical Steam cards are available in $20, $30, $50, and $100 denominations. While the digital Steam cards range from $5, $10, $25, $50, to $100. They can be redeemed at various trading platforms in Nigeria.
Apple iTunes Gift Card
An Apple iTunes Gift Card is a digital gift card for purchasing music, movies, TV shows, apps, and other streamable content on the iTunes Store. Apple gift cards are different from Apple iTunes gift cards. You can use them on the App Store or iBooks Store. They’re purchased from the Apple website. People who receive Apple iTunes gift cards as gifts can redeem the funds from the gift card or exchange them at trading platforms.
Walmart Visa Gift Card
Another gift card with the best rates in Nigeria is the Walmart visa gift card. Walmart is a popular retail company that operates a chain of stores in the US. Their gift cards are of very high value due to their cash worth. Walmart gift cards and visa cards are either bought from Walmart stores or on the website, but you can’t make use of the gift cards internationally. Only the Walmart visa cards.
There are lots of items one can purchase with this card. Including groceries, electronics, clothing, home goods, games, books, pets, automotive, and other supplies. The denominations range from $100 to $500.
Sephora Gift Card
Users can shop for the Sephora gift card from Sephora stores or on the Sephora website. The card is for making purchases of products like makeup, skincare, haircare, fragrance, etc. It can also pay for services such as makeovers, skincare consultations, hair sessions, etc. They’re redeemable, you can equally exchange them at various trading platforms. Denominations range from $100 – $500.
Google Play Gift Card
Google Play gift cards are among the digital gift cards with the best rates in Nigeria. People use them to purchase digital content like apps, books, music, movies, and other subscriptions. With denominations that range from $10-$500.
Macy’s Gift Card
Macy’s is an American retail corporation and their gift vouchers are one of the best gift cards with the highest rate. Their denominations range from $10 to $1,000 and are mostly for making purchases such as clothing, shoes, jewelry, handbags, beauty, home goods, and furniture.
Foot Locker Gift Card
Popular athletic wear and accessories store Foot Locker is another widely recognized gift card with very good rates in Nigeria. People purchase the cards from Foot Locker stores or the Foot Locker website and giftees redeem the cards to buy items like athletic footwear, clothing, gear, etc.
Razer Gold Gift Card
The Razer Gold virtual credit service has one of the best gift cards for purchasing digital products, games, game-related products, etc. Some of the available denominations are $10, $20, $50, $100, $200, $500, and $1000.
American Express Gift Card (AMEX)
Wherever AMEX which is short for American Express is accepted, users or gift card recipients are allowed to make purchases with them. People use AMEX gift cards to shop for items and pay for services such as restaurants, travel, gas, etc.
Alternative Gift Cards Available Internationally
- PayPal gift cards for making online purchases or sending money internationally.
- Amazon gift cards for shopping on Amazon’s website or apps.
- Netflix gift cards for paying for Netflix subscriptions.
- Steam gift cards for purchasing games on the Steam platform.
- Xbox gift cards for purchasing games, DLC, and subscriptions on Xbox.
- PlayStation gift card for games, DLCs(downloadable content), and subscriptions on PlayStation
- Master cards
