Some rebate cards, like those provided by Verizon wireless, carry the Visa or MasterCard logo and can be used as credit/debit cards.  We just outlined how important it is to be careful with rebate cards as they don’t carry the same safeguards as gift cards and don’t fall under the new Federal gift card rules, but here are more tricks as reported by the WalletPop blog.

Trick number one:  Take the card into your bank and attempt to have it turned into cash.  Apparently this is allowed on some cards.

Trick number two:  Use the card to buy another open-loop gift card, one that DOES have the gift card safeguards.