Under Gift cards, Messages you can write a short note that shows on the lock screen of everyone who keeps one of your cards in Apple Wallet or Google Wallet. It also stays on the card itself (on the back in Apple Wallet, in the card details in Google Wallet).
Tick Only holders who said yes to marketing to leave out everyone who didn't (see Contact details, reminders and results). Gift cards never ask, so they are left out when this is ticked.
Only cards that can be used and sit in a phone wallet get the message. Cancelled, used and expired cards are skipped, and nothing is emailed or texted.
Before you send, the page counts the cards in the group, the iPhones that hold them and the Google Wallet saves. The preview shows how the notification looks. Messages are up to 150 characters. Sending asks you to confirm, and can't be taken back. Most phones show it within a minute; a group of thousands can take up to ten minutes.
The Sent list shows every message, who it went to and how many phones it reached.