If you’ve ever wondered if those unused gift cards taking up space in your wallet can be redeemed for cash, the answer is maybe. It depends on the type of gift card and where you bought it. If it’s a store-specific gift card, then usually the answer is no.
But if it’s a Visa or Mastercard branded gift card, then you might be in luck. Here’s what you need to know about redeeming gift cards for cash.
If you’ve ever wondered if your gift card can be redeemed for cash, the answer is most likely no. Gift cards are meant to be used for purchases at the specific store or merchant that issued the card. However, there are a few ways you can get cash back from your gift card.
One way to get cash from your gift card is to sell it to a friend or family member for less than the balance on the card. This is a quick and easy way to get some cash, but you’ll obviously end up losing money in the process.
Another option is to find a gift card exchange service that will buy your unwanted gift cards from you.
These services typically give you less than the value of your card, but it’s still better than nothing. And, of course, you can always try using your gift card at a different store or merchant that accepts it as payment. Who knows, maybe they’ll let you redeem it for cash!
Can a gift card be redeemed for cash?
Where Can I Convert My Gift Card to Cash?
If you have a gift card that you don’t want or can’t use, you may be able to convert it to cash. Here are a few ways to do that:
1. Sell your gift card online.
There are a number of websites that allow you to sell gift cards for cash. You’ll usually get less than the face value of the card, but it’s still better than nothing.
2. Trade your gift card for another one.
If you have a friend or family member who wants the same store’s gift card, you can trade yours for theirs and get exactly what you want.
3. Use your gift card to buy something else and then sell it. This won’t give you cash directly, but if there’s something else you wanted to buy anyway, this could be a good way to get it at a discount.
Just make sure you sell the item for more than the cost of the item plus the fees associated with selling it (eBay, PayPal, etc.).
4. Donate your unwanted gift card to charity.
What States Can You Redeem Gift Cards for Cash?
There are a few states in which you can redeem gift cards for cash. These states include California, Colorado, Maine, Massachusetts, and Pennsylvania. In order to receive cash back for your gift card, you will need to present the card to the retailer and ask for a cash refund.
The amount of money that you will receive back may vary depending on the state in which you are redeeming the card. For example, in California, you can only receive up to $10 in cash back from a single gift card.
Credit: andychenlaw.com
How Can I Get Cash for Gift Cards Immediately
If you have unwanted gift cards, there are a few options for converting them to cash. You can sell them online or in-person, trade them in for different types of cards, or use them to buy items from specific retailers.
Selling online is probably the quickest way to get cash for your gift card.
There are a number of websites that act as middlemen between buyers and sellers of gift cards. Once you find a reputable site, simply list your card for sale and wait for someone to purchase it. Once the buyer receives the card, they’ll release the payment to you – usually via PayPal or direct deposit.
You can also sell your gift card in person. Many grocery stores have kiosks where you can swipe your card and receive an instant offer from the machine. If you’re happy with the amount, you can complete the transaction right then and there.
Otherwise, you can always try haggling with potential buyers until you reach an agreement.
Another option is to trade in your unwanted gift card for a different type of card that you’ll actually use. For example, if you have a Target gift card but never shop there, see if any of your friends or family members would be willing to trade their Target card for yours.
This way, everyone gets what they want!
Finally, some retailers will allow you to use your gift card to purchase items from their store – even if those items are on sale or clearance! This could be a great way to snag some amazing deals while getting rid of an unwanted gift card at the same time.
Conclusion
If you have a gift card that you don’t want, you might be able to get cash for it. However, it’s not always easy to do so. You may be able to find a buyer for your gift card online, but you’ll likely have to sell it for less than the value of the card.
You can also check with the issuer of the gift card to see if they offer a cash-back option.