Stocking ideas, white elephant gifts, and presents for that one uncle whose name is hard to remember all have one thing in common, gift cards. But, before buying the catchall to last minute shopping, get all the facts about gift cards and their bottom line.

Here is a great article from FDIC (Federal Deposit Insurance Corporation) that gives a lot of information regarding gift cards. This article will tell you where gift cards can be used, how long they will be redeemable, and what fees are typically associated with gift cards. You will also find helpful information regarding scammers and why they always want you to pay with gift cards; as well as tips for buying gift cards.

Happy holidays!