Gift cards are a convenient way to give your friends and loved ones “just the right thing” at holiday time. They also give thieves an opportunity to make off with your money, according to a public service announcement issued by the Federal Bureau of Investigation.

How can you protect yourself from gift card scams? Here are pointers.

Buy directly from reputable stores

If you’re getting a restaurant gift card, stop by the restaurant in person or visit their web site. That goes for airlines and big box stores too.

Check reviews of sellers of gift cards in online auctions

There’s a reason someone’s selling the card at a discounted price – it may be stolen or counterfeit. Are you willing to take the risk?

Examine the card

Before purchasing a gift card, inspect the front and back for tampering. Some cards have PIN codes that must be exposed before use. Make sure the PIN is still hidden.

Register the card

Some issuers let you register the card at the store’s web site. By registering, you’ll be able to check your balance on a regular basis and identify any misuse.

If you need more advice feel free to contact our office.

TAX ADVICE AND LEGAL DISCLAIMER: All content included on this website including attachments, is not meant to be used and cannot be used as tax advice or legal advice nor can it be used to avoid penalties that may be imposed under the Internal Revenue Code or applicable law, nor may any content here be used to promote to another party any matter addressed by or on this website.