The Difference Between a Visa Gift Card and a Debit Card
Have you ever had a Visa gift card in your hand and wondered how it compares to the debit card in your very wallet? You’re not alone. Visa gift cards and debit cards are two common types of cards used for payments on a daily basis, as well as for gifting. They look similar and even have the same Visa logo but they are used for different purposes, which we will be discussing in this guide. You will get to know the differences between the gift cards and how to sell gift cards or convert gift cards to naira (or USD/crypto) in just minutes on Xbanka.
What Is a Visa Gift Card?
A Visa gift card is a prepaid card preloaded with a fixed amount of money that is designed for one-time spending or as a convenient gift option. Think of it as a kind of wallet that, once the balance hits zero, you’ll need a new card.
Characteristics of a Visa Gift Card
- Visa gift card cannot be reloaded after the money in it is used up.
- It can be used online and in physical stores where Visa is accepted.
- A Visa gift card doesn’t need a bank account or any personal information to use.
- It usually has an expiry date.
Since it’s a prepaid card, you can’t take cash out at an ATM or use it for regular things like subscriptions.
H2: What Is a Debit Card?
A debit card is linked to your bank account. It reloads each time you deposit money and can be used for daily purchases both online and in person. You can use it to withdraw at an ATM.
Characteristics of a Debit Card
- A debit card is linked to your bank account directly.
- You can add more money to it every time you get a deposit.
- It can be used to withdraw from an ATM.
- You can use it to make payments online and sign up for subscriptions.
- It has a PIN and extra security to protect against fraud.
Debit cards are more flexible than gift cards because they can be used to sort daily expenses, but they are tied to your personal information, and they follow bank rules. Still not sure of which gift card to get?
Comparing A Visa Gift Card and A Debit Card
| Feature | Visa Gift Card | Debit Card |
| Linked to bank account | No | Yes |
| Reloadable | No | Yes |
| ATM withdrawals | No | Yes |
| Recurring payments | No | Yes |
| Expiration date | Yes | Rare |
| Identity verification | Not required | Required |
Alt text: Chart comparing Visa gift cards and debit cards
When to Use Visa Gift Card or Debit Card
You already know the differences between a visa card and a debit card now but in the real sense, what can they be used for and Why should you use any one of them
What is a Visa Gift Card Used for
- Gifting money without bank transfers
- Making one-time online purchases
- Avoiding exposure of personal banking details
What is a Debit Card used for
- Paying bills or setting up recurring payments
- ATM withdrawals for cash
- Everyday purchases and online subs
H2: Using Xbanka to Convert Your Visa Gift Cards to Cash
Do you have an unused Visa gift card? Or have you ever experienced a gift card theft online before? Now, before you go giving that Visa gift card to a scammer or letting it expire, you can sell it and convert your Visa gift cards to Naira, USDT, or even crypto on Xbanka.
Why Use Xbanka?
- Instant payouts in Naira, USD, or cryptocurrency
- Real-time rates with no hidden fees
- Fast, flexible, and transparent
- Secure transactions
How to Get Started on Xbanka
- Click on Get Started and start your trading journey for Xbanka.
- Verify your email address.
- Select “Sell Visa Gift Card.”
- Enter your card details and confirm the rate.
- Receive your payout instantly.
With Xbanka, you can also trade other popular gift cards like iTunes gift cards, Amazon gift cards, Steam gift cards, and more at one of the highest rates in Nigeria.
Conclusion
Both Visa gift cards and debit cards have different uses. A debit card is best for day-to-day transactions, while a gift card offers privacy and convenience for one-time purchases.
But if you want to make the most of your gift card, don’t let it expire; convert your gift card to cash securely and instantly with Xbanka.
Pro Tip: Bookmark this guide to stay informed about your card options and make the smartest financial decisions every time.
FAQs About Visa Gift Cards
How much is a Visa gift card $100 in Naira?
Rates vary, but Xbanka offers one of the best rates for $100 cards. Check the app for the latest real-time rate.
How to transfer a Visa gift card to a bank account?
Direct transfers from a Visa gift card to a bank account aren’t possible, but you can convert the card to cash through Xbanka and then withdraw to your account.
Can Visa gift cards be used on Amazon?
Yes, most Visa gift cards work on Amazon as long as you register the card and the balance covers the purchase amount.
