That’s if you use it at all. This year alone, American consumers will leave more than $1 billion in store credit unused, according to CEB TowerGroup, which tracks gift card trends. Rather than leave that card to languish in your wallet, consider these options for swapping it for something you do want.
Sellers: Cardpool buys both physical and electronic gift cards. The service will pay for you to ship your cards to it and pays out via mailed check or Amazon gift card. If you choose the latter, you’ll get a slightly better rate.
Coles Group & Myer Gift Card: Coles Supermarkets, Coles Express,Myer, Target, Baby Target, Target Country, Kmart, Kmart Tyre and Auto Services, Officeworks, BI-LO, Liquorland, Vintage Cellars and 1st Choice Liquor Superstore.
Some states require that gift card issuers allow cardholders to redeem their gift cards for cash. California law states that consumers can receive cash from the issuing retailer if a gift card has $10 or less remaining on the card. In Maine, Massachusetts, and Montana, cards with a value of $5 or less can be exchanged for cash. In Vermont, cards valued at less than $1 can be redeemed for cash. Investigate to determine if a cash exchange is an option.
Start at GiftCardGranny.com. This online gift card aggregator lets you select the merchant of your card and then easily compare offers from other reseller sites, including Cardpool.com and ABCGiftCards.com, to see the best deal among their partners.
Jason has been writing about personal finance, travel, and other topics on blogs across the Internet. When he is not writing, he has a career in information technology and is also a commercially rated pilot. Jason lives in Colorado with his wife and young daughter where he enjoys parenting, cycling, and other extreme sports.
D Dairy Queen Damon’s Grill Darden Restaurants Dave and Busters Dean & DeLuca Del Taco Delia’s Dell Denny’s Destination XL Dick’s Sporting Goods Dickey’s Barbecue Restaurants Dillard’s Domino’s Pizza Don Pablos Dooney & Bourke Dress Barn DSW
So take a look at one of the many gift-card marketplaces dedicated to swapping cards. Unlike eBay, these exchanges offer a balance guarantee on any card purchased through them — so scammers can’t use the card’s balance after it’s been sold. Many of these exchanges also act as the middleman between sellers and buyers, so you only have to deal with the company (not fickle gift card junkies).
We hope you enjoy your experience with us as you explore our ever-changing selection of great deals on discounted pre-owned gift cards or have fun selling or swapping your gift cards with other customers from across the country and around the world! You can also browse our selection Visa gift cards that can be used at millions of locations word-wide!
I get lots of emails (and search traffic) from people wanting to know whether they can use American Express gift cards to buy money orders. The simple answer is “No.” American Express gift cards are not PIN-enabled, so they cannot be used to purchase money orders. However, there is a slightly tedious workaround. You could use Amex gift cards to purchase PIN-enabled Visa gift cards, then use those to buy money orders.
Typically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate: “You’ve got to ask yourself if you value the dollar amount or convenience more.”
For questions about American Express Gift Cards or Business Gift Cards, please use the Search box located in the upper right corner. Alternatively, you may call 1-877-297-4438 for questions about American Express Gift Cards. Or, for questions about American Express Business Gift Cards, please call 1-800-297-7327, seven days per week.
The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.
If you have unused gift cards lying around collecting dust, don’t let them go to waste. The gift card industry is worth an estimated $60 billion, and experts say that at least 10% to 15% of gift cards are not redeemed. That’s $6 to $9 billion dollars that consumers never use.
For items like that hideous sweater from your cousin, see our guide to returning and exchanging gifts. But if the unwanted present is a little rectangle of plastic redeemable at a store you’ve never heard of or would never willingly wander into, it may seem like you’re stuck with it—or whatever item you find least offensive in that shop.
GiftCardGranny.com found that the cards with the highest resale value are for groceries (Safeway takes the top spot), gas stations (Shell and ARCO take No. 2 and 3), or large retailers that offer a wide range of products, such as Amazon and Walmart, which round out the top five. (For a longer list of favorites, see These Are the Best Gift Cards to Give This Year.)
H H & M H-E-B Hanna Andersson Harbor Freight Hard Rock Cafe Hardee’s Henri Bendel Hess Hewlett Packard Hibbett Sports Hobby Lobby Hollister Home Depot Home Goods Honey Baked Ham Hooters Hoss’s Steak and Sea House Hot Topic Hotels.com Hyatt
You can list any online gift card for free on the site; for physical gift cards, you’ll pay $1 or 1% of the total balance, whichever is greater. But you may have to wait to get a buyer who’ll pay the price you’re asking. And when you sell the card, the company will take a 12% cut—so even if you get someone to pay full value for your gift card, you’ll recoup no greater than 88%.
Giant Eagle has installed kiosks providing consumers with cash for unused gift cards, The Columbus Dispatch said. The so-called Alula kiosk is produced by the makers of Coinstar and Redbox kiosks and provides consumers with cash almost immediately, unlike some online gift-card exchanges or resellers that require people to mail in unwanted cards before receiving checks or electronic money transfers for the cards.
If you’re given a listing option, choose the digital or voucher version first to make more money. Even if you have a physical gift card, most of these marketplaces will convert it to a digital card or voucher that can be printed or redeemed online by the buyer.
CardCash is an online gift card marketplace where you can buy, sell or swap gift cards. The service buys gift cards directly from sellers and sells them directly to buyers; you can also choose to trade your cards (at a slightly better rate) instead of taking cash. For sellers, CardCash offers up to 92 percent of a card’s value; for buyers, discounts of up to 35 percent.
Depending on the type of gift card, the amount, and the supply of similar cards, you could earn anywhere between 54% and 92% of the card’s value via an online gift card exchange, says Mark Romanelli, executive vice president of product for GiftCardGranny.com, the largest aggregator of online gift card exchanges.
© 2012-2018 GiftcardZen Inc, All rights reserved. Giftcard Zen and RetailMeNot are registered trademarks of GiftcardZen Inc and RetailMeNot, Inc., respectively. Third-party trademarks are the property of their respective third-party owners. Giftcard Zen is not the issuer of any of the gift cards that appear for sale on Giftcard Zen. Presence of a third-party trademark or gift card does not mean that Giftcard Zen has a relationship with that third party or that the third party endorses Giftcard Zen or its services.
There’s a new place to cash in on your unwanted gift cards: Walmart. The big-box chain unveiled an online gift card exchange that allows consumers to swap cards from more than 200 retailers, restaurants and airlines for a Walmart e-gift card that can be used in stores and online.
The CEB also reported that customers tend to forget about their gift cards and don’t spend the full balance, resulting in more than $1 billion in unused store credit this year alone. But that appears to be less true in the case of Walmart: A company spokesperson told the AP that 95% of Walmart holiday gift cards are usually redeemed by February.
Selling your gift cards in person gets you cash right away and you won’t have to wait for a company to receive your gift card in the mail before you get your payment. However, most people sell their gift cards online because you can get higher returns and it can be hard to find a physical store that buys gift cards. Monster Gift Card is one of the few services we researched that has physical locations that will give you cash for your cards.
P P.F. Chang’s Pac Sun Panda Express Pandora Panera Bread Papa Gino’s Papa John’s Patagonia Peets Coffee and Tea Pei Wei Asian Diner Peohes Performance Bicycle Perkins Restaurant and Bakery Petco Petsmart PGA Tour Superstore Phillips 66 Pick Up Stix Pier 1 Imports Piercing Pagoda Pinkberry Pizza Hut Pizzeria Uno Pottery Barn Puma
Sell My Gift Card
Buy My Gift Card
Trade My Gift Card
Cash for your gift cards
usa online gift cards
Buyers: Cardpool sells both physical and electronic gift cards. You can search for cards via category and refine your search by type, value and percent off. It offers a 180-day balance guarantee from the date of purchase, which means you’ll be able to use the full value of any gift card you buy within 180 days.
If you need cash immediately, CardPool also lets you sell your gift cards in-person at select businesses and self-serve kiosks. For example, I can exchange my unwanted gift cards for a Target gift card at the Electronics department in Target or for cash at the self-service kiosk at a nearby Kroger grocery store.
My local grocery store, Safeway, sells gift cards on Amazon. I do surveys for a site that gives me some pretty hefty rewards on occasion in the form of Amazon credit. I use that to buy a Safeway gift certificate, that I can print out and use instantly. I always need groceries, so I just use the gift certificate for my normal grocery shopping. It’s a minor variation on your number 9, but it provides more flexibility than buying the groceries items that Amazon offers (which aren’t cheaper than your local grocery store many times, despite people thinking Amazon is always cheapest). I’ve also done the same thing with Old Navy gift cards. I did all of my wife’s Christmas shopping this way– used Amazon to buy Old Navy gift certificates, then used them to buy her, and my daughter too, Christmas clothes.
Plastic Jungle buys unwanted gift cards and will pay up to 92% of the face value of the card. Users have to enter gift card information on the site, and then Plastic Jungle makes an offer for the card. Sellers receive pre-paid shipping labels to mail gift cards to the website. Once the balance of the gift card is verified, the website pays for the gift card with a check or PayPal.
Another reason to consider Raise is that you can name your own selling price. If you have a $25 gift card to sell and the competitors are selling for $23, you can list yours for $22.95 to become the top listing and make a quick sale!
If you want the cash immediately, go with the Sell It Now option to be paid by PayPal, direct deposit, or check within three business days. But if you have more time to sell, you can earn more with the other two options –Name Your Price and Trade In– to get paid in cash or swap your card for a more desirable brand.
You also maintain control over your listing. If your card doesn’t sell in the first couple of days, you can always adjust the price to attract more buyers. Or you can unlist it if you change your mind.
Maybe you want to help others out with your gift card. If you know someone with a local need, you can always donate your card to help them through tough times. Or, you can donate your tax-deductible card balance to the charity of your choice online at Charity Gift Cards.
If you’d rather keep another service from profiting off your gift card or don’t find the exchange worthwhile, contact your favorite charity organization and ask if they accept donated gift cards. You could also use a site like Gift Card Giver, which distributes donated gift cards to certain approved nonprofit organizations. Giving the card away could lower your tax bill and extend that holiday generosity even more.
Some people feel it is not very tactful to “regift” a gift card. If you decide to go this route, however, make sure the card and the gift card envelope don’t show any signs of wear. It may be possible to obtain a new gift envelope from the original retailer. You can also add the regifted card to another gift. Stash the card inside of a new book for a creative bookmark, or attach the card to a stuffed animal.
If you need the cash in a week or so, instead of buying your grocery from the store next week and paying with cash from your next paycheck, buy the grocery on Amazon now with the card and then pay yourself the equivalent amount in cash when you get your paycheck.
If you’d rather keep another service from profiting off your gift card or don’t find the exchange worthwhile—or if you’d feel less Scroogelike by giving your unwanted card away—contact your favorite charitable nonprofit and ask if they accept donated gift cards. Giving the card away could even lower your tax bill, if you itemize, and extend that holiday generosity even more.
If you don’t want to have the value of your card dictated by a reseller, use raise.com. Through this site, you can set your own price for the gift card in a marketplace similar to eBay, without the bidding. You can list any e-card for free on the site and a physical gift card for $1, but when you sell it, the company will take a 15% cut, meaning that even if you sell it for full value you can still end up recouping the same or less than a site that pays a lower percentage outright, plus you won’t have to wait as long to get money back.
Target trade-in: If you love shopping at Target, you’ll be pleased to know the big-box retailer will trade store credit for gift cards from more than 100 different retailers and restaurants through its own in-store exchange. Not all Target stores participate in the program, so you should check the website to see if your local store is part of the Target trade-in program.
To conduct my experiment I picked six leading online gift card buyers and asked for quotes on three different gift cards. I wanted to see what they would offer for a $25 Starbucks gift card, a $50 Banana Republic gift card and a $100 Target gift card.
Beware trying to sell gift cards on eBay, at least electronic gift certificate codes. I sold one worth $100, collected payment via PayPal from a eBay and PayPal verified buyer then emailed the code. I kept proof that I had delivered the code and that it was valid. The buyer then reversed the payment with their bank, and PayPal withdrew the payment from my account. The buyer didn\\\’t even provide a reason. PayPal wouldn\\\’t cover the transaction despite fraud as they said it isn\\\’t covered by their seller protection policy. I\\\’m out $100 and as a bonus, eBay still wants to be paid for the sellers fees for selling the item – they refuse to refund the charges. So I owe the
Raise has a large inventory of cards to choose from and plenty of search tools to help you find gift cards that are anywhere from 1 to 20 percent off, and sometimes higher. This website is user-friendly and makes buying discounted gift cards a straightforward process. You can search for both electronic and plastic cards, though you may have to pay extra charges when mailing and receiving physical cards. Raise has a mobile app for iOS and Android devices that lets you search for discounted cards on your phone, and you can drill down and search for cards that have the highest discounts.
To exchange their gift cards, shoppers don’t even need to leave the house. Walmart’s card exchange website, Walmart.CardCash.com, lets users input their gift card’s information, and a Walmart gift card will be emailed to them once the original card’s balance is verified.
Although we refer to these services as gift card exchanges, most of them simply pay you cash for your unwanted cards. When you trade through CardCash.com, you have the advantage of trading for a physical or electronic card from a different retailer. CardCash still won’t give you the full value of your card, but you can trade a $50 gift card for around a $40 card from another retailer. The exchange rate depends on the popularity of the cards you’re trading in and getting back.
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If you like getting paid for surveys, and are going to join only one site, I would recommend you choose Ipsos-iSay. Ipsos is the most fun and well-paying panel. Give it a try to see how you like it. It is free anyway!
If you don’t want to make your swap online, you can visit certain Coinstar kiosks (yes, those same machines you dump a year’s worth of spare change into). These yellow boxes accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $20. It will make you an offer for the card, and, if you accept, will provide you with a voucher you can then redeem for cash at the register of the shop the kiosk is located in.
When purchased, each Gift Card is loaded with a value between $5 and $500. If the card value is not printed on the card carrier, you may check your balance online by using the 4 digit Access PIN on the reverse of your card. Alternatively, contact the customer response team on 1300 304 990.