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VISA Extended Warranty Protection
Posted by on
GREAT FALLS, MONTANTA -- I want to share my experience with others so if you decide to use the Benefits Program of your VISA credit card, you will be prepared for the process.

I bought a new kitchen appliance in the summer of '09 of the same brand as the previous appliance I'd used for 18 years. After 18 months of use, something inside the door broke render it useless. The warranty is only 1 year. Then I remember this benefit feature from VISA that gives consumers double the warranty protection period. So, I called with the hope that VISA might pay for getting it fixed. I've never used the benefits that come with my credit cards in the 30 years that I've credit cards. The first time I did, it was quite a trial. Like any companies, they lose money by paying for your repair or replacement so they won't make it easy, as you can imagine.

First of all, the VISA benefits program is not administered by the bank that issues the card; I don't think it's even administered by the VISA corporation but handled by some third-party company with a contract with VISA.

To summarize what I've learned:

1) Before you call, check with your credit card or find the booklet that describes the benefits to verify what benefits you card entitles you. Benefits like purchase protection, price protection, extended protection, return protection, etc. are pretty much standard for most cards nowadays, and not limited to "premium" cards anymore.

2) Afterward, call the benefit admin number and discuss the situation with them. When I called the number, I was immediately told my card didn't come with extended protection although I'd the benefit booklet right in front of me that says I do. They told me to call the issuing bank to sort it out instead. Don't waste your time like I did. Call back in a little while and another agent probably will be more competent and can start the process rolling. I don't know if they did it on purpose or it was just a fluke but my experience already didn't start out well. The first step is for them to send (snail mail) or fax you the forms to fill out. No emails exchange.

2) Don't expect to get an answer or find out how much they'll compensate you right away. The rules are that if your purchase is less than $100, they'll reimburse you for the purchase of a new item (up to your original purchase price, naturally.) Anything over $100 is more problematic. They'll either pay for the repair or a replacement depending which cost less. Totally understandable and makes perfect business sense.

3) Get your item to an authorized service provider and have them give you an estimate in writing, you'll need that despite what they might tell you. It makes sense since they need an estimate to see if that's cheaper than reimbursing you for a new one. But for some reasons, they told me I SHOULD NOT go to get an estimate, just send back the paperwork and they'll decide if I get a repair or replacement. When I question how they could make a decision without a repair estimate to compare, they kept saying that they're trying to make it easier for me. Well, don't believe them, get that estimate from an authorized service center right away or you're just delaying the process!

4) Every time you mail or fax anything over to them, it will take 1 day to log the information into the system and then "up to" 5 business days to make a decision and get back to you. Don't expect to be called in less than 5 days. Count yourself lucky if it's less than 5 days because they'll wait until the fifth days to call. And if you don't have call waiting and they call when your phone is busy, they'll consider their job done and unlikely to call back unless you call them. The very day they promised to call, I used the phone once in the afternoon and that just happened to be the time the benefit manager called. When I didn't get a call at the end of that day, I called to inquire and was told she called earlier and the phone was busy. That's all the agent said and no apology, no offer to patch me to the benefit manager. Now, I've to say the agents are polite and business-like, but there's an indifference attitude when we communicated. When I asked to speak to the benefit manager, the agent said she was not available. So I asked if she'd call me back. The agent said yes but she had up to 72 hours to do so. To their credit, she called in 2 hours. She said the paperwork was in order but they needed the repair estimate in order to decide how much to reimburse me. I asked her why then was I told not to bring it to the repair shop for an estimate when I first called, the process could've been sped up, she said the agents shouldn't have told me that, blah, blah, blah. She assured me that after they got the estimate, she would be able to make a decision "right away." Well, there is no such thing as "right away" because it would still take another 5 business days before contacting me.

Let me give you an idea the length of time to put the whole process in perspective. Using fax will speed things up a little.

1) Took 4 days from calling to receiving the forms by postal mail.
2) Returned the forms the same day via postal mail and they logged the forms into the system. That took a total of 5 days including weekends.
3) A benefit manager called 5 business days after the forms were logged in. (7 days including weekends)
4) Went to the repair shop the next day, got the estimate in 2 days and faxed it back. (3 days).
5) 1 day to log in the info, then another 5 business days to call back. (10 days including weekends)
6) I was approved to purchase a new appliance. I faxed them the receipt on the same day. It took another day to log in the fax and 5 business days to let me know if my receipt was accepted. (8 days including weekends)
7) I was notified that the amount on the receipt was approved and I would received a check in 7 to 10 business days. The check arrived in 4 days.

The whole process took 41 days, almost 6 weeks.

Using fax and getting your estimate ready should shave off 2 weeks. In my case, every single decision took all 5 business days to attain and every time I send something over, it took 1 day to log in the info and another 5 business days to advance to the next step. So, if you do want to take advantage of your VISA benefits program, brace yourself for the process and the wait, you'll get what you're entitled but you'll have to be patient.
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Anonymous on 04/21/2011:
Excellent write-up Tantris. I'm going to bookmark it for future reference. I love your tenacity man.

This is one of the better reviews I’ve read in quite a while. Thanks for posting it.
Anonymous on 04/21/2011:
Excellent review! I've always wondered about this process.
Whiteduck on 04/21/2011:
I've never heard of anyone taking advantage of the credit card warranty. It's great to hear that it can work, albeit slowly.

Thanks for a great writeup.
gautha on 01/13/2012:
Excellent review and absolutely true. I logged a claim for my elliptical exercise equipment and I had already sent a copy of my invoice, warranty statement and credit card statement a week after I purchased the equipment. Now after close to 16 months something goes wrong and they take exactly 5 days to get back after each step. To tell me that I had to give them a repair estimate it took them 5 days and after faxing the repair estimate I am still on the 4th day now and no news yet!!!
stamamoto on 04/15/2013:
I found this website because I was trying to get help with getting a replacement or refund from my Visa Signature Card. I called the credit card company and VISA to get help. I'm writing to warn people that the extended warranty isn't always what they make it out to be. I purchased some computer hardware which failed after a few months. I went to the manufacturer to try to get help on a replacement or repair. After 4 months, I still didn't have a working part. I called VISA to get help because of the extended protection. Their customer service said that because the part failed during the manufacturer's warranty, which was still valid, they would not be able to help me because the VISA warranty only starts after the manufacturer's warranty runs out. In addition, they only cover repairs for incidents that occur after the manufacturer's warranty runs out. So, if the manufactur never helps me with my problem, VISA will not help me either.
Mike on 07/03/2013:
Excellent write-up. Thank you.
I'm in the process of trying to get reimbursement for a LG dehumidifier that failed in 18 months after purchase.
A few important points that are worth mentioning. First of all, the extra 1-year VISA warranty applies only if the original manufacturer's warranty was 1-year. In my case, the compressor of the dehumidifier had 5-y. manufacturer's warranty, and the rest of the device- 1-year warranty. They told me right away that if the problem is in the compressor, they won't cover anything. It's interesting to note that I had another LG dehumidifier (same manuf. warranty) that failed 25 months after purchase, and VISA wouldn't cover anything at all because it was more than 2 years after purchase. Apparently, the compressor wasn't covered by VISA at all. So yes, the original manuf warranty has to be 1-year in order to receive any benefits from VISA.
Now, after I sent them all listed documents including the repair pre-estimate (the repair would be more expensive than the unit, of course), I received a request to send them an itemized receipt for a replacement unit. You MUST buy a replacement before they issue any benefits. And no, they're not going to reimburse you based on the original sale amount vs. repair pre-estimate. What if I'm not going to buy any replacements? Well, then there will be no reimbursement from VISA. Sounds like a scam to me, but I guess it's not unique to VISA.
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Visa cuts off scamming merchants
Posted by on
Visa just announced that it is no longer doing business with over 100 merchants who are allegedly scamming consumers. As we have all read on this site, consumers think they are getting a free trial offer of some product (teeth whitening, dietary supplements etc) then these merchants charge the consumers credit cards, sometimes hundreds of dollars.

Here is a description from the article on how the scam works:

"consumers click on an ad for a free trial offer of supplements or a free "information kit" that will explain how to apply for government grants or use the Internet to make big money effortlessly from home. They think they're entering a credit card number to pay for shipping and handling. But in a few clicks, they've unwittingly authorized ongoing charges that can rack up fast. When consumers see their statements and try to question the charges, they are often unable to track anyone down to make them stop. Often, clicking through can result in more than one monthly charge on a card.

"The game here is to get people hooked, keep them on the hook for monthly charges as long as you can, and only stop making those charges when you're forced to," said Stephen Salter, vice president of BBB Online. BBB has received thousands of complaints about the problem, with multiple companies to blame. "The product is irrelevant to getting the charges on the card."

The trick is a marketing technique called "negative option," where customers must say they don't want to join a so-called club or receive additional materials in the future. The details of the ongoing charges are often in small print or can only be found by following a hyperlink. There's frequently a series of pre-checked boxes that most consumers zoom past as they order. Skipping those boxes is key, because leaving them checked ostensibly giving the companies permission to keep charging the card."

It is refreshing to see a major corporation take this action.
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Skye on 12/17/2009:
Good to know. But anytime a free site offers you something for free, and then asks you for your credit card information, red flags should go up. Also, people need to take responsibility for themselves and read the terms and conditions, and fine print before even placing an order. It's to easy to point and click to buy something, and then have buyers remorse later on, after actually reading what you just gave your credit card information to.
goduke on 12/17/2009:
"There ain't no such thing as a free lunch."
Anonymous on 12/17/2009:
Hooray for Visa!!!

Good info, thanks for the post.
Skye on 12/17/2009:
Amen, Hallelujah, and pass the shotgun!
Skye on 12/17/2009:
Darn, lost my edit time.

That should read, "Hallelujah"
Anonymous on 12/17/2009:
A positive move by Visa but in a matter of months (or less) these same scammers will have figured out a new scam and company name.
Anonymous on 12/17/2009:
If a company is offering something free, then they should not need your credit card information and they shouldn’t charge you shipping because its not free if they do.

That’s how that bald headed thief has been getting away with scamming people in to buying his crappy CD's.
Slimjim on 12/17/2009:
Sounds like they are getting aggressive, although Visa (and the others) has always cut off any merchant who has high volume of disputed charges.
Anonymous on 12/17/2009:
More symbolism than substance?
Anonymous on 12/17/2009:
Typical merchant fee's run 2% - 4%. These trial offer companies are high risk and pay a much higher fee. The processor knows the charge back rates will run higher than the 2% limit. It sounds like it has become more of a consumer protection issue that just a flat charge back problem.
GenuineNerd on 12/17/2009:
A good move for Visa. MasterCard, American Express, and Discover should take Visa's lead and block scam merchants as well.
GenuineNerd on 12/17/2009:
Also, most of these pills and other products (for weight loss, bowel cleansing, sexual performance, etc.) are a big waste of money...not only from the credit card fraud, but the products themselves aren't effective. Drugstores, supermarkets, and supercenters also sell versions of these products that you can buy without waiting for the mailman...even the vast majority of "as seen on TV" gadgets are sold locally now. CVS and Walgreens, for example, sell "bowel cleansing" products once sold only by mail or web. Libido boosters could be found alongside the condoms and lubes. And with the new year coming soon, look for sales and promotions on practically every diet pill out there...aimed at those wanting to shed those pounds they gained over the holidays (or years.) Why fall for a web or mail order scam when you could waste a little less money for pills that don't the corner drugstore.
Anonymous on 12/17/2009:
^^I was surprised to see Klee Irwin's colon cleanse right next to the Extenze pills at the local Walgreen's. They had Acai berry pills too, which is what a large number of the scammers are selling. Good to know the grossly overpriced placebos are now available locally.
Anonymous on 12/17/2009:
Klee Irwin, now there is one freaky, greasy looking snake oil salesman. One look at him should send anyone running.
Anonymous on 12/18/2009:
Not to mention the perma tan and his apparent obsession with feces.
When I first saw this guy holding forth with his theories about poop, I could not believe what I was seeing.
Starlord on 12/23/2009:
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Visa / Mastercard Fraud
Posted by on
This has been sent to me and I wanted to pass it along to as many people as I can reach...

WARNING...New Credit Card Scam.

Note, the callers do not ask for your card number; they already have it. By understanding how the VISA & MasterCard Telephone Credit Card Scam works, you'll be better prepared to protect yourself. My husband was called on Wednesday from "VISA", and I was called on Thursday from "MasterCard". The scam works like this: Person calling says, "This is (name), and I'm calling from the Security and Fraud Department at VISA. My badge number is 12460 Your card has been flagged for an unusual purchase pattern, and I'm calling to verify. This would be on your VISA card which was issued by (name of bank). Did you purchase an Anti-Telemarketing Device for $497.99 from a Marketing company based in Arizona?"

When you say "No", the caller continues with, "Then we will be issuing a credit to your account. This is a company we have been watching and the charges range from $297 to $497, just under the $500 purchase pattern that flags most cards. Before your next statement, the credit will be sent to(gives you your address), is that correct?" You say "yes". The caller continues - "I will be starting a Fraud investigation.If you have any questions, you should call the 1-800 number listed on the back of your card (1-800-VISA) and You will need to refer to this Control Number. The caller then gives you a 6 digit number. "Do you need me to read it again?" Here's the IMPORTANT part on how the scam works. The caller then says, "I need to verify you are in possession of your card". He'll ask you to "turn your card over and look for some numbers". There are 7 numbers; the first 4 are part of your card number, the next 3 are the Security Numbers' that verify you are the possessor of the card. These are the numbers you sometimes used to make Internet purchases to prove you have the card. The caller will ask you to read the 3 numbers to him.

After you tell the caller the 3 numbers, he'll say, "That is correct, I just needed to verify that the card has not been lost or stolen, and that you still have your card. Do you have any other questions?" After you say No, the caller then thanks you and states, "Don't hesitate to call back if you do", and hangs up. You actually say very little, and they never ask for or tell you the Card number. But after we were called on Wednesday, we called back within 20 minutes to ask a question. Are we glad we did! The REAL VISA Security Department told us it was a scam and in the last 15 minutes a new purchase of $497.99 was charged to our card. Long story made short - we made a real fraud report and closed the VISA account. VISA is reissuing us a new number. What the scammers want is the 3-digit PIN number on the back of the card.

Don't give it to them. Instead, tell them you'll call VISA or Master card directly for verification of their conversation.The real VISA told us that they will never ask for anything on the card as they already know the information since they issued the card! If you give the scammers your 3 Digit PIN Number, you think you're receiving a credit. However, by the time you get your statement you'll see charges for purchases you didn't make, and by then it's almost to late and/or more difficult to actually file a fraud report. What makes this more remarkable is that on Thursday, I got a call from a "Jason Richardson of MasterCard" with a word-for-word repeat of the VISA scam. This time I didn't let him finish. I hung up!

We filed a police report, as instructed by VISA. The police said they are taking several of these reports daily! They also urged us to tell everybody we know that this scam is happening. Please pass this on to all your family and friends. By informing each other, we protect each other.

Please remember, Debtorbasher is not the original writer of this information, but it was sent to me through an E-mail...Is it true? I don't know, but it's best to be informed, just in case this is going on out there.
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AML on 08/29/2005:
DebtorBasher on 08/29/2005:
Thanks AML: The link posted above by AML has a more clear explanation, showing examples of the CVV # (or ID#) on the back of the credit card, in case anyone is not sure where to find it.
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StarStarStarStarEmpty Star
Survey Winnings
Posted by on
Rating: 4/51
NEWARK, OHIO -- I took a survey about ago a month ago online.....I completed the survey and did not receive MY winnings because that I only carry a Visa rush card, I was unable to receive MY gift card from Walmart or MY gift basket as well............ was upset because I feel like you should let it be known What the requirements are before we take the survey.....I took the survey, but couldn't be rewarded any of MY prizes because I wasn't a REGULAR Visa card holder.....MY RUSH CARD wasn't eve good enough to claim my prize.......I feel it was unfair and kind of under a false pretense.......
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trmn8r on 09/25/2012:
I'm surprised that WallsMart conducts surveys or gives anything away. There are a lot of scams out there - could this have been one?
Jody on 09/25/2012:
They don't, it's a scam.
Slimjim on 09/25/2012:
Agree with the others. This doesn't sound like Walmart is really behind it. Be thankful on this day you didn't have a mainstream Visa, as that appears to be what the prize(target) is on their end.
Ben There on 09/26/2012:
I agree that this was probably a scam that has nothing to do with WalMart.
CrazyRedHead on 09/26/2012:
If they followed the link that is on there receipt to complete the survey then I believe this is the only one that is legit, although I have never won anything. When you fill out the survey that is listed on the receipt then you are entered into a drawing. Just because you fill out the survey doesn't mean that you are going to get anything. I have filled out the survey a couple of times but never saw anything out of it.
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StarEmpty StarEmpty StarEmpty StarEmpty Star
Visa Signature Commercial On Tv !
Posted by on
Rating: 1/51
TEXAS -- I would like to file a complaint on Visa Signature commercial on TV. I consider it to be very, very Racist..!. They show a small white man, being confronted by a large black man. Being intimidated by the large black man. You making fun of the white Race, showing the black race being inferior to the white race.

I think you should pull this add. soon as possible........! also believe you be
very Racist in you advertising.

I would appreciate a written reply...!.
James Wallace
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Jktshff1 on 05/31/2013:
Never happen us white folks are the only descriminators according to the libd
trmn8r on 05/31/2013:
Your allegation is that the white man is being made fun of by depicting black men as inferior.

I don't see how that makes sense, but it may be racist. If that is what the ad is implying, they should take it off because it makes no sense. Being racist would be a bonus.
BigAl on 06/01/2013:
I googled the commercial. The white man is not small. The black man is a well known football player. I will not argue whether or not it is racist because racism can sometimes be in the eye of the viewer. But come on now--Very very racist?
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Pay at the pump
Posted by on
Informative. As I was logging in to my bank there was a notice about Visa - below:

Visa's "Pay At The Pump" pre-authorization hold has increased to $125 and may take up to 72 hours to release from your account."

I called Visa and this information was confirmed. They did indicate that retail locations have the option to request a lower limit, but if not requested the $125.00 hold is now the general policy.

Personally I never pay at the pump with a credit card, but thought this information may be helpful to those that do.
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trmn8r on 06/23/2011:
This is good information. I do pay at the pump, ALWAYS, with a credit card. I am nowhere near my limit, so holds have no effect on me personally.

Incidentally, at a station I was at the other day, there was a sign on the pump saying "Maximum Visa purchase $75". I wonder what THAT is about...
Churro on 06/23/2011:
Good info. I'll be sure to check the pre-auth online next time I pay at the pump for gas.

Regardless there has to be a better way. This is the year 2011. If the auth can hit in miliseconds then why can't the release. Silly.
whatsthepoint on 06/23/2011:
I believe you are talking about a Visa Debt card. I never use my debt card for anything other than to get cash from an ATM. I use a credit card fir everything then pay the entire bill off at the end of the month. You have a lot more protection and rights with a credit card and you are not risking your own money.
Alain on 06/23/2011:
I never pay at the pump since I usually want something inside, but this is very helpful information.
jktshff1 on 06/23/2011:
Just enter credit when using your debit card..end of problem.
Cwazychicken on 06/23/2011:
I use my vias debit card (issued by my bank, not from a store) when I get gas and it only holds 1 dollar....I guess it depends where you get it, and where you live...or perhaps what bank you use.
Anonymous on 06/23/2011:
I'm confused. I always pay at the pump with my Visa debit card, and I always use the debit option (enter PIN #). My bank does not do a pre-auth hold... what I pump is what is withdrawn, within minutes.
leet60 on 06/23/2011:
@just_cause. I expect this is in reference to those that do not enter a pin number with a debit card purchase.
Cwazychicken on 06/23/2011:
See, I never put my pin number in at the gas station. It just swipes and it takes about a day to come out (but the dollar is a hold until they take it out).
Joe on 06/28/2011:
Churro, the merchant still has to physically "batch" their card purchases at the end of the day (or longer if they choose to wait)'s a 2 part process.
Denise on 08/08/2013:
Paid by Visa Card at the Pak n Save pump Wairau and saw a $ 150. 00 hold plus the $55. The actual cost of the petrol. We have never given authorization to put any hold on our credit card. NEVER DEAL with Foodstuffs (the parent company of PK n Save again. BUYER BEWARE
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Beware Of Fraudulent Reward660
Posted by on
OAKS, PENNSYLVANIA -- I had gotten a card in the mail that I never ordered, I opened it to see what it was and it was the card asking me to activate it and add money to it? I called the company and told them I never asked for the card and sent it back to them? now they are charging my card with interest and the fees and late charges that I do not have? I have never used this card or did I have one, just sent it back after I called them?

So please beware of this card, if you have one please check it out first, they are screwing everyone over and sending them to the collection companies of Jefferson capital systems, LLC and also first national collection Bureau, INC.

Not sure why but this needs to stop.
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tnchuck100 on 10/22/2009:
You need to start building a paper trail. Send them a certified letter/return receipt requested. Outline everything that has transpired to this point. Communicate with them ONLY in writing. Not by phone.

If it ever gets to a collection agency immediately demand proof of the debt. Again, certified mail, return receipt requested.

Do not ignore anything you may receive from a court regarding this.
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Excessive Charges/Inadequate Disclosure
Posted on
CLASS ACTION AGAINST VISA USA AND COOPERATING BANKS-We represent holders of VISA Gift Cards from Pennsylvania and California. We are about to commence a Class Action on behalf of all victims of the sellers/issuers of these cards who have not gotten their full value. If you have information about your experiences with VISA Gift Cards that you wish to have included in the Complaint, please do not hesitate to contact me. It is not necessary to make any reference to your name or address in the Complaint. If you contact me by email and provide a phone number, someone from our firm will call you. Otherwise, you will receive a response by return email.

whitheatrdg@Earthlink. net
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Black Friday Debacle
Posted by on
ATLANTA, GEORGIA -- A little background. I have been a Chase Visa Customer for the past 7 years. My wife and I actually run out entire household budget out of this card, which we promptly pay off every month. We do this mainly for hotel reward points, and typically run a fairly large bill each month. That has never been paid a moment late. I would hazard to guess that we have one of the best payment records of 98% of all or their card members. Today during the annual black Friday shopping event my wife had our card declined 3 times for 200.00 in purchases. The customer service folks told us it was for security. Our available credit is in the tens of thousands of dollars. She worked with customer service for over an hour to get out small transaction approved and Customer service actually hung up on her once. Not to mention that this delay caused her to miss several of the prized and time sensitive doorbusters. Customer service seemed powerless to make thing happen and when I call they put me on hold and eventually disconnect me.

This card is definitely cancelled I can't believe in these days where everyone defaults this company treats a first class customer like me to this complete debacle. I will never have a visa card again..
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Anonymous on 11/28/2008:
All credit cards operate the same way. Their system detected 3 large amount purchases in a short time period. This causes the card to be automatically denied. Let's say your card had been stolen. The thief would attempt to make as many purchases, usually high priced items, as possible before you reported the card stolen. They would cut off the card until they heard from you.
Anonymous on 11/28/2008:
PB.... I don't think there were three large purchases, it sounds like they tried the card 3 times for a single $200 purchase. I'd be PO'ed too.
yoke on 11/28/2008:
Agree with passinby. We had that happen a few months ago. We were out shopping and the card was declined. I was embarrassed at first, but then I called and I was told the reason it was declined was the fact we had done 3 transactions in less than an hour in 3 different stores and it was not our normal pattern. They were only protecting us.
bigboxworker on 11/28/2008:
Yep as someone who has worked with Point of Sale systems for years, I can tell you this happens quite often when you make several large purchases within a very short time span. The card will either be declined or the cashier will be asked to call in manually for an authorization. Every time you credit card is swiped it goes through a computer system that determines the risk level of the transaction; if its over a certain threshold the card will be denied or the merchant will be asked to call for authorizaiton. Happens all the time especially with VISA and American Express Cards.
Anonymous on 11/28/2009:
If your card were stolen you would be complaining that they let the charges go through.
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Overcharge user of gift card
Posted by on
LOVELAND, COLORADO -- I can not believe how greed has set into poisening your Visa Gift cards

First you pay $4.00 or more for the card, then $2.95 a month after 6 months.
Then .50 fee to check on your balance.
What greedy snakes you have become..
I really thought it was a wonderful idea and did not mind paying the fee to buy the card, but now when all is known it is one of the biggest rip offs I have ever gotten involved in.
But the surprising part is that it is legal for you greed mongers to do.
It is so sad that corporations have to stoop that low to make 50 cents.
You even have the gift card money in advance of the spending, WOW what a sweet deal for you.
Needless to say you will get no more from me or my grand children, we will just use green currency from now on, hope you enjoyed the money you made off of the cards and spent it wisley there will be no more.

When you give a young child a gift card to teach them about handeling money you have to explain to them about the big thieves that take it from them, I guess in today's world they can not learn that to young. "Way to go Visa".

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Cyane on 01/14/2007:
When purchasing the card, the customer is told of the stipulations that are attached to them. If you have an issue with the company and its fees, don't buy them. Furthermore, cash works just as well for teaching a child about money, if not better.
MRM on 01/14/2007:
I, too, thought that the VISA giftcard was a good idea, but when I read the fine print that came with all kinds of fees, I was disappointed, and did not purchase the giftcard. So the moral of the story is to read the fine print and you won't make a mistake.
Anonymous on 01/14/2007:
Thanks bulla for taking the time to warn us. I knew there were fees but I had no idea there were so many!
Extended Warranty on 01/14/2007:
Don't forget they also make money by charging the retailer transaction fees!

Best Buy gift cards are the greatest gift cards IMO.
tander on 01/14/2007:
If you buy your Visa gift Card from where you bank at there's no charge, at least not at my bank.
Anonymous on 01/15/2007:
What Tander says is true, but the 6-month fee and the monthly fees all apply. These cards are just not a good value.
Timboss on 01/15/2007:
Why not use cash? Then you are not tied to one store. Tacky? I'd much rather have cash than deal with a gift card trying to buy something for around the amount of the card.
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