Gift cards are a fantastic way to give someone the perfect present, but what if you find yourself in need of cash instead? You may be tempted to just sell your gift card for less than its face value, but there are a few other options that can get you more bang for your buck. Here are a few ways to turn that gift card into cash without losing out.
If you have unwanted gift cards, there are a few options for turning them into cash. You can sell them online, trade them in for other cards, or redeem them for cash back at certain retailers.
Selling gift cards online is a quick and easy way to get rid of unwanted cards.
There are a number of websites that allow you to list your card for sale and set your own price. Once someone buys your card, you’ll receive the payment via PayPal or direct deposit.
Trading in gift cards is another option if you don’t want to sell them outright.
Websites like Cardpool and GiftCardGranny allow you to exchange your unwanted cards for others that you may actually use. You can also trade in physical gift cards for e-gift cards from a variety of retailers.
Finally, some retailers allow you to redeem gift cards for cash back.
This option is usually only available if the card has a balance of less than $25. For example, Office Depot/Office Max will give you 80% of the value of the card in store credit or 50% of the value in cash (minimum $5). If none of these options appeal to you, consider regifting the card to someone who would appreciate it more than you do!
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Turn Gift Cards into Cash Instantly
If you’ve got a bunch of gift cards collecting dust in your wallet, you’re not alone. In fact, according to a report from GiftCards.com, Americans have an average of $48 worth of unused gift card value sitting around.
Fortunately, there are plenty of ways to turn those unwanted cards into cash that you can actually use.
Here are a few options:
1. Sell your gift card online.
There are a number of websites that allow you to sell your unwanted gift cards for cash or trade them for other gift cards.
For example, Cardpool buys unwanted gift cards and sells them at a discount, while GiftCardGranny allows you to compare offers from different buyers so you can get the best deal. Just be sure to read the fine print before selling—some sites may charge fees or only accept certain types of cards.
2. Trade in your gift card for store credit.
If you don’t want cold hard cash for your unused gift card, some retailers will let you trade it in for store credit instead. This option is great if there’s a particular item you’ve been wanting but can’t justify spending money on—now you can put that unwanted gift card toward something more practical (or fun). Best Buy, Target, and Walmart all have trade-in programs for select gift cards; just enter the brand and amount on their websites to see if yours qualifies.
3.. Donate your gift card to charity .
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-How Do I Turn a Gift Card into Cash
There are a few ways to turn a gift card into cash, but each method has its own set of pros and cons. Here are a few popular methods:
Selling the card online: Websites like Cardpool and Raise allow you to sell your gift card for cash.
The process is pretty simple – just enter in the brand and balance of your card, and they’ll give you an offer. Once you accept the offer, you’ll need to provide them with your gift card information so they can verify the balance. Once everything checks out, they’ll send you the money via PayPal or direct deposit.
One downside of this method is that you won’t get the full value of your card – typically only around 70-80%. But it’s still a quick and easy way to get some cash for those unwanted gift cards.
Trading the card in at a grocery store: Many stores (like Safeway, Kroger, and Giant Eagle) have programs where you can trade in your unwanted gift cards for store credit.
This option obviously isn’t available if the gift card is for a different type of store, but it can be a good way to get some extra value if it’s for a place where you already do most of your shopping. The trade-in value also isn’t as high as what you could get by selling it online – usually only 60-70% – but it’s still better than nothing!
Using a Gift Card Exchange Machine: These machines are popping up at malls and other public places across the country.
You simply insert your gift card into the machine and it will give you an instant offer for how much cash (or sometimes store credit) you can get on the spot. The offers aren’t always great – usually around 50-60% of thecard’s value – but it’s definitely one ofthe quickestand most convenientoptions out there. Just be sure to check if there’sa feebefore using oneof these machines!
Asking friends or family members: Ifyou know someone who could really use agiftcardto their favoritestore, seeifthey’d beinterestedin exchangingitforcashwithyou. Oftentimesthey’ll betotally willingto do soat acash rate thatis more favorablethan whatanyoneelse wouldoffer(since they’regetting somethingthey actually want/needin return).It doesn’t hurtto ask!
Conclusion
If you have unwanted gift cards, there are a few options for turning them into cash. You can sell them online through a gift card marketplace, like Cardpool or Raise. You can also exchange them for a different type of gift card through a service like Giftcard Zen or CardCash.
Finally, some retailers will let you trade in your gift card for store credit.