That’s how one guy described discounted gift cards — the subject of my current column, “Instant savings on holiday shopping,” over at MSN Money. (Edited to add: That column is no longer available on the MSN Money platform. Read on for the basics.)
These cards become available for various reasons, usually because their owners need the money or because the gift was unsuitable. Resellers like Plastic Jungle or Cardpool make them available to consumers at less than face value.
You can save 3% to 30% (or more) on cards for places you plan to shop for the holidays. There’s an aggregator site called Gift Card Granny that pulls up the best deals from eight different sources.
But these aren’t just for gift-shopping. You can use this “new coupon” to provide consistent discounts for your everyday purchases.