3 reasons why MyIncentive reloadable cards are better than gift cards

Gift cards are an inefficient way to reward your staff. Here's why: if you rummage through your junk drawers at home, you’ll likely find at least one unused gift card!

In Australia, about $1.4 billion is wasted on unused and expired gift cards annually, accounting for around 30% of all gift cards.

MyIncentive offers a better solution by providing every employee with a reloadable digital Visa debit card that can be conveniently stored in their digital wallet.

Why MyIncentive reloadable cards are better

1. Unified Incentive System: With MyIncentive reloadable cards, all reward incentives are consolidated onto a single card. This eliminates the need for employees to manage multiple gift cards, reducing clutter and simplifying the tracking and use of their rewards. It streamlines the incentive process, making it more efficient for both employees and employers.

2. No Expiration While Employed: MyIncentive reloadable cards never expire as long as the employee is with the company. This ensures that the value of the rewards remains valid and usable throughout their employment, unlike traditional gift cards, which often have expiration dates or may become inactive if not used within a certain timeframe.

3. Versatile and Usable Anywhere: Unlike many gift cards that are restricted to specific retailers or merchants, MyIncentive reloadable cards function like standard debit cards and can be used anywhere that accepts Visa. This provides employees with greater flexibility and choice in how they spend their rewards, enhancing the perceived value and practicality of the incentive.

These features make MyIncentive reloadable cards a more convenient, flexible, and lasting option for employee rewards compared to traditional gift cards.

Mark Armstrong - Founder/CEO MyIncentive

Contact: mark@myincentive.io