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Giving a Home Depot Gift Card to someone who likes to garden or tinker around the house is a wonderful way to let someone you care about know that you were thinking of them. These credit-card sized pieces of plastic come in a variety of denominations. They can be used to pay for any product sold in a physical Home Depot store or they can be used to purchase goods sold through Home Depot’s online store.
Home Depot Gift Cards
The advantage of giving Home Depot gift cards rather than just giving cash is that it forces the recipient to actually buy something they want or need. When you receive cash or a check, you might divert that gift to pay some bills. The giver wants you to buy something for yourself and not just use the gift to pay your electric bill.
Home Depot also benefits when they sell gift cards. You do not get a discount on the merchandise when you buy and use a gift card. The store collects the full amount of the gift card and is free to use that money any way they see fit. In essence, when you buy Home Depot Gift Cards, or any gift card, you are giving the issuer of the card an interest- free loan.
Another plus for Home Depot is the fact that some people never use their gift card. It may get lost in a drawer or the holder of the card simply forgets to use the card. Any unused balance on a gift card is pure profit for the retailer.
When people receive Home Depot gift cards but have no use for them, they sometimes decide to sell them in the aftermarket. To encourage someone to take a chance and buy a “used” gift card, sellers often discount the price below the face value of the card. If you want to buy a gift card through a secondary seller, try to find a reputable seller. Getting a fake or expired card will cost you a lot more than any savings you may achieve.