In this age where e-commerce has taken center stage, gift cards are fast becoming popular among Nigerians. The freedom and benefits these gift cards offer are numerous including being a tangible form of giveaway, and serving as a means to pay for products and services of various top brands like Amazon, Nike, Apple, Google, etc.
Nigerians use gift cards running into billions of dollars annually mostly received as gifts from families and friends in the diaspora. These leading brands have revolutionized the art of gift-giving, payment options, and, they rank among the most popular gift cards for Nigerians thus contributing to the growth of Nigeria’s digital economy.
The popularity of different gift cards in Nigeria is dependent on several factors ranging from their different features, to exchange rates, and the values derivable from each gift card. With this in mind, knowing the gift cards with the most popularity, best rates, and value becomes essential.
This blog post will reveal the top 10 most popular gift cards with the best value in Nigeria.
Read on.
What are Gift Cards, and How Do They Work?
Before we dive into each gift card's popularity level to showcase the top 10 gift cards in Nigeria, let's clarify what gift cards are and how they work.
Gift cards are more like prepaid cards; they can either be virtual or physical and can be used to make purchases at a specific physical or online store.
If you own a gift card, you can use it to shop without carrying physical cash or using your credit or debit cards.
In Nigeria, gift cards are being utilized for different reasons and for many young Nigerians, trading gift cards is also a creative side hustle from which they make additional income.
Types of Popular Gift Cards in Nigeria You Should Know
There are several types of Gift Cards, and they come in their uniqueness and value. The common types are cash gift cards and store gift cards.
Cash gift cards are among the most versatile options. They function like debit cards and can be used almost anywhere. Typical examples are Visa, MasterCard, and American Express gift cards.
Retail Store cards, however, are tied to a specific retail brand like Amazon and eBay. They are perfect for someone who frequents a particular store.
If you know your friend loves shopping at a particular clothing store, for instance, a gift card from that store would be a thoughtful and practical choice.
For clarity, below are the primary and common types of gift cards, with examples
A. Retail Gift Cards: Examples of retail gift cards are Amazon gift cards, Walmart gift cards, eBay gift cards, Best Buy, ASOS etc.
B. Restaurant Gift Cards: Examples are Starbucks, Olive Garden, Chipotle
C. Prepaid Debit Cards: Examples of prepaid debit cards are American Express gift cards (AMEX), Visa, Mastercard, etc.
D. Entertainment Gift Cards, like Netflix, iTunes, Spotify, Hulu, Disney+, Kindle Unlimited, etc.
E. Travel Gift Cards: Examples of travel gift cards are Airbnb, Delta Airlines, Marriott
F. Specialty Store Gift Cards: Sephora, Home Depot, and GameStop are examples of specialty store gift cards.
G. Gaming Gift Cards: Examples of gaming gift cards are Xbox Live, PlayStation Network, Steam gift cards etc.
H. Customizable Gift Cards: Examples are Shutterfly, Vistaprint, Zazzle
Here are the Top 10 Most Popular Gift Cards for Nigerians
To help you know the value of gift cards more, here's an updated list of the top 10 most popular gift cards for Nigerians in 2023:
1. Apple Gift Card: Apple gift cards are standard among Apple gadgets and music fans. They also have a high exchange rate. On FlipEx, a $100 Apple gift card is presently listed at ₦ 69,000. It is prevalent for its versatility, and you can convert it to Naira on the FlipEx App. The Apple Gift Card offers the perfect gift for Apple enthusiasts, providing credit for various Apple services like the App Store, iTunes, and iCloud storage.
2. Amazon Gift Card: Amazon gift cards are very well known in Nigeria and have a high exchange rate. The exchange rate for an Amazon gift card is about 700 Naira per dollar. An Amazon Gift Card is a gateway to an enjoyable shopping experience on Amazon's online store. You can easily convert your Amazon Gift Card to Naira using the FlipEx App.
3. Google Play Gift Card: Google Play gift cards are used to purchase apps, games, and other digital content on the Google Play Store. a $100 Google Play gift card can be exchanged for ₦ 51,000 on FlipEx. Google Play Gift Cards are made for Android users on the Android ecosystem, enabling them to purchase apps, games, and movies. On the FlipEx App, you can easily convert these gift cards to Naira.
4. Steam Gift Card: Steam gift cards are used mainly by game lovers. It purchases games and other digital content on the Steam platform. You can convert a $100 Steam giftcard to get ₦ 64,000 on FlipEx. Gamers love Steam Gift Cards, which provide access to many games and in-game content. If you have a Steam Gift Card, you can conveniently convert it to Naira on the FlipEx App.
5. Razer Gold Gift Card: Razer Gold is a favorite among gamers, offering a unified virtual credit system for various games. To convert Razer Gold Gift Cards to Naira, look no further than the FlipEx App. You can convert a $100 Razer Gold Gift Card on the FlipEx app to get ₦76,000.
6. eBay Gift Card: eBay gift cards are accepted in Nigeria and have a reasonable exchange rate, making them one of the top 10 gift cards in Nigeria. If you have a $100 eBay gift card, you can exchange it for about ₦73,000 on the FlipEx App. eBay Gift Cards have significant benefits for online shoppers, giving access to a marketplace of new and vintage goods. With the FlipEx App, you can convert your eBay Gift Card to Naira.
7. Sephora Gift Card: Sephora gift cards are for beauty enthusiasts. A $100 Sephora gift card currently has a value of ₦66,000 on FlipEx. Sephora Gift Cards are a beauty lover's pleasure, granting them access to various cosmetics and skincare products. Convert your Sephora Gift Card to Naira via the user-friendly FlipEx App.
8. AMEX – American Express Gift Card: The AMEX American Express Gift Card is known for its premium reputation, offering a luxurious shopping experience. The value of an Amex gift card goes for ₦650/$ on the FlipEx app, that's about ₦65,000. You can convert your AMEX Gift Card balance to Naira with the help of the FlipEx App.
9. Nordstrom Gift Card: Nordstrom gift cards are popular among fashion lovers and have a moderate exchange rate. A $100 Nordstrom gift card can be exchanged for ₦69,000 on FlipEx. Nordstrom Gift Cards are a fashionista's dream, allowing for trendy clothing and accessories purchases. On FlipEx, you can easily convert your Nordstrom Gift Card to Naira.
10. Nike Gift Card: Nike Gift Cards are a fantastic choice for sports and fitness enthusiasts. You can exchange your Nike gift cards for up to ₦710/$. That way, a $100 Nike gift card will guarantee ₦71,000 to your FlipEx wallet. To make the most of your Nike Gift Card in Naira, use the FlipEx App for seamless conversion.
These are the top 10 most popular gift cards for Nigerians and they have the best rates currently. If you are looking for the best platform to sell your gift cards in Nigeria, consider FlipEx. FlipEx is the best app to sell your gift cards in Nigeria, it has the best and most essential App features necessary to ensure a safe and seamless trading experience for users. You can easily install the app from Google PlayStore or Apple App Store.
Conclusion
From the Apple gadget lovers who can use Apple Gift Cards on iStore to the endless possibilities offered by Amazon Gift cards, Google Play Gift cards, and Steam Gift cards, there's a gift card for every preference. Gamers, beauty enthusiasts, and fashionistas also have their share of the gift card variety.
Remember, it's not just a card; it's a world of endless possibilities in your pocket. Happy gifting, shopping, and discovering the benefits of the top 10 most popular gift cards for Nigerians.