After you have sold your card, most sites will give you a few different payment options, including cash, check, PayPal, Amazon gift cards or company credit. Some, like CardCash, will allow you to exchange one gift card for another.
Select Coinstar machines will also buy your gift cards in addition to your loose change. The next time you buy groceries, take your gift cards along and maybe you can exchange them for store credit! However, I recommend looking for a CardPool kiosk first as they are more prevalent.
The best gift card exchange sites are the ones with the highest variety of merchants. However, without an effective filtering process, finding a specific gift card can be nearly impossible. Most sites have a general search engine and a retailer search option so you can find a specific card. Some sites take it a step further and offer searches by category, price and discount. The more search options, the easier it is to find that perfect gift card.
Making a charitable donation can be a good use of a gift card. The advantages include the convenience, the tax write-off, and the opportunity to donate to a worthy cause. To make a charitable donation, find a non-profit organization that can best utilize the card. For example, a food bank may not have use for a gift card from a high-end clothing retailer, but an organization that assists people in preparing for job interviews may be able to use the card.
For several major retailers’ gift cards we checked, Walmart.cardcash.com was offering a higher Walmart e-gift card value than cash offers from several of the top discount gift card marketplaces. For example, you can exchange a $50 Best Buy gift card for a Walmart e-gift card worth $46.20. The highest offer we could find on Gift Card Granny was $44.75. A $50 Target gift card could be exchanged for a $48.30 Walmart e-gift card versus $45.25 in cash.
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.
You can also sell gift cards locally by listing your card on Craigslist or another sell local app like Letgo. This option might work best for gift cards to local businesses that cannot be listed on the other gift card balances. When selling locally, it’s best to meet at the local business to verify the balance before the buyer pays for the card.
You can either sell or trade at CardCash. By trading, you can get up to 14% more for your card. CardCash makes instant offers for cards you want to sell and you can earn up to 92% of the card value for in-demand gift card brands.
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.
Not included in this price comparision site is a new offer from Walmart that’s good if you have a lot of love for the big-box retailer. Walmart will trade store credit for gift cards from more than 200 different retailers, restaurants, and airlines through its own online exchange website, Walmart.CardCash.com. Certain merchant cards will get you up to 95% of the original card’s value, or about 3% more than most reseller websites, which usually top out at 92% of a card’s face value. Others will get you 85% back, and some as little as 70%.
A A Pea in the Pod A.C. Moore Abercrombie & Fitch Abercrombie Kids Ace Hardware Acme Adidas Aerosoles AirBnB Albertsons ALDO AMC Theatres American Airlines American Eagle Outfitters American Girl Ann Taylor Anthropologie Apple Store (not iTunes) Applebee’s Aquarium Restaurants Arby’s ARCO Armani Exchange Ashley Stewart Athleta Aveda Avenue
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.
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.
When you sell a gift card to a pawn shop, you can typically expect to get about 50% of the value of whatever is currently on the card and can be verified. We want to thank Brian the PawnNerd for this insight, which he wrote about earlier this year in Can Pawn Shops Buy Giftcards?
Sellers: You can list your gift card for any price on Raise, so you may be able to sell it for more than the “up to 92 percent of the card’s value” that other sites offer. Raise does take a 15 percent cut of any cards sold, though, so you’ll need to factor that into your selling price. Once your card sells, you’re responsible for shipping it to the buyer within three days.
Gift Cards or Business Gift Cards may be used at US merchants that accept American Express® Cards. These products may not be used at ATMs or for Recurring Billing. Additional limitations may apply. See American Express Gift Card Cardholder Agreement and American Express Business Gift Card Cardholder Agreement, as applicable. Not available for sale to VT or HI residents. American Express does not ship Gift Cards or Business Gift Cards to the states of VT or HI.
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Once you get your money orders, you can use them to pay off credit cards in-branch (i.e. Citi, Bank of America, Chase, U.S. Bank) or deposit them into your bank account. I would do a combination of both, to stay under the radar and avoid looking like someone who is laundering money.
I was researching this topic for an article and came across your blog. You have a lot of creative idea’s I didn’t know you could sell AMZ Gift cards on Ebay for more than face value that is crazy!. Look for a link from Amazon Hackers soon. Thanks for sharing!
To make sure you get the most for any trade, try giftcardgranny.com. This online gift card aggregator lets you select the merchant of your card and then easily compare offers from 15 reseller sites, including cardpool.com and giftcards.com, to figure out who will offer you back the highest percentage of your card’s value. Since each gift card reseller uses different fees and payment methods, it’s worthwhile to do this check first and then go to the site offering the most for your unwanted plastic.
Usually not. Most online marketplaces will convert your physical gift card to a digital version that the buyer can either redeem online or print. Digital transfers instantly transfer the card balance to the buyer and keep selling fees to a minimum?
If you know how to sell on eBay, you can actually buy something on Amazon that sells well on eBay, using your card. Then sell it on eBay and get cash for it. You can potentially get more for a product on eBay than what it sells for on Amazon. Might be time consuming BUT you can get more cash, eventually. And if you know what you’re doing, you can actually list your product on eBay BEFORE you buy it, and only buy when it sells, and actually have it shipped directly to your customer from Amazon directly. Then you get your cash’ worth on Paypal directly from eBay.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.
I just went to Topcashback and they are now limiting their cash back to cards $200 and under. Though today, 9-8-15, only they are offering 2.25% cash back on these cards. But at $3.95 a card it is not worth it.
To sell your gift cards online, all you need to do is input the brand and balance to get an offer. On most sites, you can enter the gift card number to sell it and receive payment electronically — no need to mail anything.
Satrap is not a financial advisor & MoneyPantry.com is for entertainment & educational purposes only. Material shared on this blog does not constitute financial advice nor is it offered as such. As mentioned in our Disclosure page, MoneyPantry may have a financial relationship with some of the companies mentioned on this site, including Credit Card providers, and as such it may be compensated with a referral/commission fee. All trademarks, registered trademarks and service marks mentioned on this site are the property of their respective owners.