Gift card fees are on the decline and card security protections are on the rise, according to a Bankrate.com report. Bankrate.com surveyed 60 gift cards to find out which have the most consumer friendly features.
Security protection is one of the most popular features added to gift cards this year. Half of the gift cards surveyed now offer the ability to add a security code, up from 35 percent in 2014. This can help protect the balance on a lost or stolen gift card.
In addition, 72 percent of the cards have some form of loss and theft protection, up from 68 percent last year. E-cards are more likely to have this protection than traditional gift cards.