but will it help you spend down to the last penny?
Target recently introduced its Mobile Gift Card which allow customers with web-enabled cell phones to use their gift cards at this big retailer. Starbucks also has a similar mobile gift card iPhone application on a trial basis in the Seattle and Silicon Valley areas.
But not all mobile payment applications are the same. Watch out when the mobile application’s payment method is linked to a prepaid card or goes directly onto your wireless bill as there is a lack of consumer protections for these types of payment methods.
Whether or not consumers will start using the latest version of the gift card on their mobile phones remains to be seen.
Our tip on using mobile gift cards are largely the same as using traditional gift cards: spend the entire value as soon as you can!