Gift cards (aka stored value cards) are becoming a popular gift to give and a favorite gift to receive. Although all gift cards require the giver to pay at least the face value when the card is purchased, things may be different for the card recipient. Here are some tips to help you use your gift cards to their maximum value.

1.     Read the terms and conditions that come with the card. Some cards include a pamphlet. Others write the terms and conditions on the back of the card.

2.     If your balance is not available at the register, you will be required to know the exact amount available on the card at the register. Always know your exact gift card balance before you go shopping.

3.     If your card issurer makes the card balance available by toll free number or website, keep that information available on your cell phone. It will come in handy when you are out shopping.

4.     Some cards have a deadline at which time the balance on the card will be reduced or expire. Some deadlines are based on the purchase date. Others are based on an activation date. Use your card in full before that date.

5.     The Credit Act of 2009 states that the card issuer must give you five years to use the card unless it is clearly stated otherwise. If the card has not been used in 12 months, the card issuer may charge an inactivity fee. All fees must be disclosed.

I keep my cards in one place so that I do not forget that I have them. It is a good idea to check on the balances periodically to make sure they are active. I look for sales at places that accept my gift card to get the most value. The best strategy may be to use the gift card as soon as possible so that it does not lose its value. Happy shopping.