One of the questions I get asked most frequently is “how do you turn gift cards into cash?” And while there are a few different methods, they all essentially boil down to two options: selling your gift card or exchanging it for a different type of card.
If you’re looking to get the most bang for your buck, then selling your gift card is probably the way to go.
There are a number of online marketplaces that allow you to sell your unwanted gift cards for cash, and usually, you’ll receive around 60-80% of the value of the card. So if you have a $50 gift card, you can expect to receive somewhere in the ballpark of $30-$40 in cash.
However, if you need cash urgently and don’t have time to wait for someone to buy your gift card, then exchanging it for another type of card may be a better option.
A lot of grocery stores and drugstores offer store-specific gift cards that can be used just like cash, so this is a great way to get some quick spending money without having to sell your gift card at a discount.
If you have unwanted gift cards, there are a few ways to turn them into cash. You can sell them online or at certain kiosks, trade them in for other cards, or use them to get cash back from select retailers.
Selling your gift cards online is probably the easiest way to get cash for them.
There are a few different websites that allow you to do this, and they will typically give you around 80% of the value of the card. So if you have a $100 gift card, you can expect to get about $80 in return.
Another option is to find a kiosk that buys back gift cards.
These are usually located in malls or grocery stores. The offers vary, but you can typically expect to get around 70% of the value of the card. So if you have a $100 gift card, you could get up to $70 in cash.
You can also trade in your unwanted gift cards for others that you might actually use. There are a few websites that facilitate this process, and it’s usually pretty easy to find someone who wants what you have. Of course, you won’t necessarily get full value for your card this way, but it’s better than nothing!
Finally, some retailers will give you cash back when you use a gift card to make a purchase. This generally isn’t an option if the store doesn’t sell anything that interests you, but it’s worth checking out if they do. For example, Target will give you 5% off your total purchase price when you use a Target Gift Card—and that discount can be applied to future purchases as well!
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How Do You Turn Gift Cards into Cash
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 use them to buy items and then resell those items for cash.
Selling Online
There are a few different ways to sell gift cards online. One option is to find a dedicated gift card marketplace like Cardpool or GiftCardGranny. These platforms allow you to sell your card for less than its face value and they will handle the transaction and payment processing for you.
Another option is to list your card on a general auction or classifieds site like eBay or Craigslist. You’ll likely get a lower price selling this way since buyers will be taking on more risk, but it can still be an easy way to unload an unwanted card.
Trading In For Other Cards
Many stores that sell gift cards also have trade-in programs that let you swap your unused cards for others that you’ll actually use. For example, Best Buy’s Gamers Club Unlocked program lets members trade in their unwanted gift cards for Best Buy credit that can be used toward future purchases at the store. Amazon has a similar program called Amazon Trade-In, which allows users to send in eligible items—including gift cards from over 150 different brands—in exchange for Amazon credit.
And Target offers a Gift Card Exchange where you can trade in eligible gift cards for a Target eGift Card. Before trading in your card, make sure to check the terms and conditions as some programs may only accept certain types of cards or limit how much credit you can receive.
Buying Items Then Reselling Them For Cash
Another option is to use your unwanted gift card to buy high-demand items that you know you can resell for cash later on. For example, if there’s a hot new toy that everyone wants but it’s sold out everywhere, using a gift card to purchase one (or multiple) units could be profitable if you list them at a markup on eBay or another resale site. Just keep in mind that this strategy requires some advance planning and research so you don’t end up buying something that doesn’t resell well or loses value quickly (like electronics).
What is the Best Way to Turn a Gift Card into Cash
If you have a gift card that you would like to convert into cash, there are a few different options available to you. Perhaps the easiest way is to simply sell the gift card to someone else. There are online marketplaces where people can buy and sell gift cards, so you may be able to find a buyer for your card relatively easily.
Another option is to use the gift card at a store or online retailer that offers cash back on purchases made with the card. Finally, if all else fails, you could always try contacting the issuer of the gift card and asking if they would be willing to redeem the card for cash.
How Can I Get Cash for My Unwanted Gift Cards
If you have unwanted gift cards, there are a few options for converting them to cash. You can sell them online, trade them in for other cards or merchandise, or donate them to charity.
Selling your unwanted gift cards online is probably the easiest way to get cash for them.
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, the website will transfer the money to you, minus a small fee.
Trading in your unwanted gift cards is another option.
Some companies will allow you to trade in your card for another one that you may be more interested in. Or, you may be able to trade it in for store credit or merchandise.
Finally, donating your unwanted gift card is also an option.
Many charities will accept donated gift cards and use them to help those in need. This is a great way to get rid of unwanted gift cards and help out a worthy cause at the same time!
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How to Turn Gift Cards into Cash Online
Are you looking to turn your unwanted gift cards into cash? There are a few different ways you can do this online.
One option is to sell your gift card on a gift card exchange website.
These websites work like an online marketplace, where you can list your card for sale and set your own price. Once someone buys your card, the website will send you the cash (minus a small service fee).
Another option is to trade in your gift card for a different one that you’ll actually use.
This can be done on some of the major gift card exchange websites. For example, if you have a Target gift card but would prefer an Amazon or Visa card, you can find someone who wants to make that trade and swap cards with them electronically.
If neither of those options sounds appealing to you, there’s always the possibility of redeeming your gift card for cash at a Gift Card Granny kiosk.
These kiosks are located in select grocery stores and allow you to instantly get cash back for your unwanted cards (again, minus a small service fee).
No matter which route you decide to take, getting cash for your unwanted gift cards is easy and convenient when you do it online!
Conclusion
If you’re looking to turn your gift cards into cash, there are a few options available to you. You can sell your gift card online or in-person at a number of different places. Alternatively, you can trade in your gift card for a different one that you may have more use for.
Whichever option you choose, be sure to compare prices and fees before making a sale or trade.