The United Kingdom has one of the highest numbers of gift card transactions in the world. With gift card transactions reaching millions of pounds every year, the market is expanding further, and projections of more businesses adopting the gift card model to serve their customers.
Why Are Gift Cards Popular In The UK?
Gift cards are popular in the UK because they are a lot less likely to be stolen than cash. They are also a convenient way for brands and companies to keep their customers happy with discounts and offers while securing their own interests.
A lot of people in the UK also love how gift cards can be customized and used as meaningful gifts. This is because the recipients of gift cards almost always have the choice to choose the gifts themselves.
Given the number of tradeable gift cards in circulation, countless names and gift card companies are in use. Here are 10 of the more popular gift cards in the UK that many people are known to use, trade, and share with their loved ones.
10 Of The Most Popular Types Of Gift Cards In the United Kingdom
1. Amazon Gift Card
Amazon is one of the most popular online retailers in the UK. Garnering a market share that is pretty considerable, their gift cards are a popular choice for both personal and corporate gifts. People can also use the Amazon gift card to purchase a wide range of products, including books, electronics, and clothing. Amazon gift cards were the most popular in the UK, with up to 32% of respondents saying they had purchased one in the last year.
2. iTunes Gift Card
iTunes gift cards are internationally acclaimed by music and entertainment lovers. Many young people use them to purchase music, movies, and TV shows from the iTunes Store. In 2022, music and entertainment gift cards were among the most popular gift cards, with up to 10% of people interviewed claiming they had purchased at least one in the last year. The iTunes card is easily one of the most viable gift cards as it is easy to sell on many gift card platforms.
3. John Lewis Gift Card
John Lewis is a well-known department store in the UK and a top choice among fashionistas. Their gift cards are a popular option for those looking for a wide range of products. People use John Lewis gift cards to purchase clothing, home goods, and electronics. Given that department store gift cards was the second most popular gift card in the UK, with a lot of residents saying they had purchased at least one in the last year, the John Lewis gift card sits among the most well-known gift cards used by consumers.
4. Marks & Spencer Gift Card
A top-of-the-line clothing store, Marks & Spencer is a recognised brand among the high ballers in the UK. Their gift cards are an excellent option for purchasing clothing and home goods. Given the quality of the apparel by Marks and Spencer and the associated deals, it is no wonder that Marks and Spencer have one of the most popular gift cards in the UK.
5. Next Gift Card
Next is a popular clothing and home goods retailer in the UK. Their gift cards are an excellent option for purchasing high-quality products. The gift cards usually come in the denomination of 10 and 20 pounds and can be purchased online or in-store. They usually expire around 24 months after being issued.
6. Tesco Gift Card
Tesco is a popular supermarket chain in the UK. Their gift cards are an excellent option for purchasing groceries and other household essentials. Grocery store gift cards were the fourth most popular gift card in the UK. Many residents say they purchased at least one Tesco gift card in 2022.
7. Waitrose Gift Card
Waitrose is a popular supermarket chain in the UK. Their gift cards are an excellent option for purchasing high-quality groceries and other household essentials.
8. Selfridges Gift Card
Selfridges is a luxury department store in the UK. Its gift cards are a popular choice for those looking to purchase high-end fashion and beauty products.
9. House of Fraser Gift Card
House of Fraser is a department store in the UK, and its gift cards are a popular choice for those looking to purchase clothing, home goods, and electronics.
10. HMV Gift Card
HMV is a popular music and entertainment retailer in the UK. Their gift cards are an excellent option for those looking to purchase music, movies, and other forms of entertainment. People who use HMV gift cards can buy CDs, DVDs, and other forms of entertainment in-store or online.
Where To Buy UK Gift Cards Online?
There are a number of online platforms that allow people to buy and sell gift cards. Some of them include regular e-commerce stores like eBay, Amazon and others. But if you wish to buy gift cards at affordable rates or sell them at high rates, the one place you should look to is Cardtonic.
Where To Sell Gift Cards?
When you wish to sell your gift card, you need to look for a platform that gives you a good deal and earns you profit. This is why many people prefer to use Cardtonic.
In Africa, while the use of gift cards may not be as widely accepted as it is in the United Kingdom, it is evident that many businesses and individuals will benefit from them.
This is because while they can be used as a store of value, they can also be sold for a reasonable rate on platforms like Cardtonic.
Cardtonic offers you the most seamless opportunity to buy or sell your gift card at profitable rates and gives you reward points for every transaction conducted. Simply open an account, use the gift card rate calculator to check the current prices of available gift cards, and start a trade. Our customer service is available on the go to help with any inquiries and feedback. Start trading your gift card on Cardtonic today.
You might also want to see the best types of gift cards in the Philippines.