With another holiday season over and January upon us, if you’re anything like us you’ve no doubt accumulated a collection of prepaid gift cards from friends and family who were either too reluctant (or lazy) to brave the maelstrom of Christmas shopping or just genuinely had no idea what to buy you.
Of course, unless you’re blessed with a plethora of well-to-do friends and relatives, there’s a good chance that what you’ve now got in your hands is a collection of $10, $25, and $50 prepaid gift cards. This is great if you just want to buy a few lattes, but less useful if you’re trying to order a new iPhone or iPad.
The problem is that for payment purposes, vendors see prepaid gift cards from VISA and MasterCard like regular credit cards. While you may find a brick-and-mortar retailer who is long-suffering enough to let you work through a large set of gift cards, many still have a limit to how many times you can split a transaction. On the other hand, if you’re ordering from Amazon — which is where some of the best deals can be had — you may find yourself totally stuck as Amazon doesn’t let you split payment across multiple credit cards at all.