Search by Type Of Card
- Low Interest Credit Cards
- 0% Intro APR Cards
- Balance Transfer Cards
- Instant Approval Cards
- Reward Credit Cards
- Cash Back Credit Cards
- Airline Credit Cards
- Business Credit Cards
- Student Credit Cards
- Prepaid & Debit Cards
- Credit Card Specials
- Secured Card
- Guaranteed Approval Cards
- Catalog Cards
- Gas Rebate
- List All Cards
Search by Credit Quality
Search by Bank or Issuer
- Chase
- Capital One
- American Express
- Citi Credit Cards
- Discover
- First Premier Bank
- HSBC Bank
- Applied Bank
- New Millennium Bank
- Iberia Bank
- MetaBank
- Barclays Bank Delaware
- Simmons First
- Vision Prepaid
- Horizon Bank
- Columbus Bank & Trust Company
- Other Issuers
News and Advice
Current Interest Rates
- Update: 05-22-2012
- 12.65% National Average
- 12.88% Low Interest
- 23.00% Reward
- 12.99% Student
- 12.99% Bad Credit
- 17.33% Business
- 14.49% Cash Back
- 14.49% Instant Approval
Follow Us On
Facebook
Twitter
RSS Feed
Glossary and terms about credit cardsHome » Credit Card Glossary
Gift Card
A gift card is a type of stored-value payment card commonly issued by retailers and banks. Gift cards are preloaded with a set value. There are two major types of gift cards -- those that can be used only at one store chain or one location (closed loop) and those that can be used anywhere (open loop). The closed loop variety of gift cards generally carry no fees or expiration date -- the issuing store makes its money off the profit from selling merchandise. The open loop cards always carry fees; because they are issued by banks or credit card transaction processors, such as Visa or MasterCard, fees are the only way they can profitably issue gift cards.