FYI - App Store apps can now be gifted

You can use the pop-up arrow next to the app price (on the app's page) to select Gift This App.
Note that you must first accept the revised Terms & Conditions for the iTunes Store.
From Apple:
+The changes we have made to the terms and conditions include the following:+
+• The “Gifts” section of the iTunes Store Terms of Sale have been changed to clarify that Gifts may not be used for in-app purchases, in-app subscriptions, upgrades, or the iPod touch OS, and to explain that some gifts require compatible hardware and parental control settings so they can be redeemed.+
+• A new “Gifts” section has been added to the App Store Terms and Conditions explaining the conditions under which Apps can be gifted, including an explanation that Gifts may not be used for in-app purchases, in-app subscriptions, upgrades or the iPod touch OS, and to explain that some gifts require compatible hardware and parental control settings so they can be redeemed."+

Can apps be gifted with credit? I have credit on my account and when trying to gift an app was declined saying that credit card was declined.

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