0
A gift card loan is not a standard financial product or widely recognized term. However, it's possible that you might be referring to a situation where someone uses a gift card as collateral for a loan.
In some cases, individuals may attempt to use various assets, including gift cards, as collateral for loans. This is often seen in informal lending arrangements or in situations where traditional lending criteria, such as credit checks, may not be applied.
It's important to note that using gift cards or other non-traditional collateral for loans can be risky. The terms and conditions of such arrangements can vary widely, and there may be potential for scams or predatory lending practices. It's advisable to approach any financial transaction with caution and ensure that the terms are clear and fair. If you want to sell gift cards, you can visit orientcard.net, orientcard provides you with beautiful prices, extremely fast payments, an absolutely safe transaction environment, supports multiple currency payments and 7* 24-hour exclusive online customer service!
Fox Amelia
Wiki User
∙ 13y agoa gift card loan is giving a gift card to someone and having them pay you back later with another gift card. the reciprocated gift card does not have to be from the same place as the loan gift card.
transatlanticgetaway
GiftCards is the leading gift card website, with over 6 million gift cards sold. GiftCards sells personalized Visa gift cards and MasterCard gift cards, greeting cards and discounted merchant gift cards.
👉. cutt.ly/PhN9XFd 👈
Add your answer:
Earn +20 pts
If I pay off a credit card debt for someone using my own credit card does anyone have to pay tax on it?
Probably not. I think you would have two options on how to classify this. You could either treat it as a loan, ie. you loaned money to someone to pay off their credit card. Receiving a loan is not taxable, but there should be a bona fide expectation that you are going to be paid back. Of course, if you are going to charge your friend interest on that loan the interest would be taxable income. The other option would be to treat it as a gift. As long as you are under the gift threshold (in 2008 you can give someone a gift up to $12,000 and there is no tax) there is no tax from anyone. If you are calling it a gift and it was more than $12,000 you may need to file a gift tax return and pay a gift tax. Note that the person GIVING a gift is responsible for paying the gift tax, not the person receiving the gift.
Can you get a Payday loan with the emerald card?
can i get a payday loan with a pre existing loan on my emerald card
Can you use a visa gift card on iTunes?
Sorry, you can't use an Visa gift card on iTunes. However, you can use your Visa gift card to buy an iTunes gift card Source: http://blog.giftcardrescue.com/itunes-gift-card-questions-answers
Do they have a gift card called animal jam gift card?
yes they do
Is an eBay gift card PayPal?
no. it is not, its a gift card that is un-reloadable.
How do I activate my arch card?
How to get free gift card
What is a good gift for a coach?
give him a Visa gift card or a gift card to his favorite place to eat
Is a visa gift card the same as a visa?
GiftCards is the leading gift card website, with over 6 million gift cards sold. GiftCards sells personalized Visa gift cards and MasterCard gift cards, greeting cards, and discounted merchant gift cards. 👉. cutt.ly/PhN9XFd. 👈
How can you get a loan put on your Account now Visa card?
You can add the money from the loan to your card anywhere that accepts the card.
Can you get a loan with debit card?
A loan off of debit card like credit card cash advance? Yes
Is a gift card considered a monetary gift?
Most of the time, yes, especially if the gift card can be used to buy in a lot of merchants, like a Visa or a mastercard gift card.
Is a sony gift card an acceptable gift?
A Sony gift card is an excellent gift assuming that the recipient can put it to good use!
