Will i be able to use my apple gift card on an iPhone 5 pre order?

I have a gift card for $200 for Apple, I want to know if I pre order the iPhone 5, will I be able to use it at that moment to pay for it?

Unfortunatly, no. This is becuase in order to prevent fraud and people from buying more than 2 iPhones per customer, they require credit card or debit card, which has customer information by credit card companies. Apple store gift cards, on the other hand, has no customer information in the card, which is essentially the same thing as paying with cash.
However, credit or debit card policy is in effect for first couple of days, and after the demand dies down, Apple will let you buy iPhone with cash or gift cards, as long as you set up your iCloud account in store (if purchasing iPhone at full price) or setting up your celluar service.
If, however, you have no credit or debit card with you, then Apple might be willing to grant you a special exception, however, this is only avalible at the Apple Retail Store.

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