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.
When you only have physical gift cards to sell, you can also look at CardKangaroo; they don’t accept digital gift cards. If you like CardKangaroo’s offer, you mail your gift cards for free and they typically send your payment within 48 hours. CardKangaroo also lets you trade your unwanted gift cards too.
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%.
Cardpool makes it ridiculously easy to buy and sell pre-owned gift cards. We exclusively carry hassle-free gift cards that have NO FEES and NO EXPIRATION, and stand behind every sale. We carry cards from thousands of popular vendors and are adding more every day. We’re passionate about helping you save money.
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.
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.
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.
L L.L. Bean L’occitane La Salsa Fresh Mexican Grill Lacoste Land of Nod Land’s End Landmark Theatres Landry’s Landry’s Seafood House Lane Bryant Legal Sea Foods Lego Store Lettuce Entertain You Lids/Hat World Lilly Pulitzer Little Caesars Loews Cineplex LOFT Long John Silver’s LongHorn Steakhouse Lord & Taylor Louis Vuitton Lowe’s Lucille’s BBQ Lucky Brand Jeans Lululemon Athletica LUSH
These fees can be largely offset by purchasing Amex gift cards through a cash back portal like Top Cash Back, which currently pays out 1.5% cash back on Amex gift cards. On a $4,000 Amex gift card order, you’d earn $60 cash back and pay $13.85 – $16.85 in shipping and gift card fees. Assuming you’re liquidating these gift cards in $500 increments, you would incur another $31.60 in Visa gift card fees. Now all that’s left are money order fees and if you can buy them someplace where more than one gift card is allowed for payment, you can greatly reduce costs and even come away with a small profit.
F Famous Dave’s Famous Footwear Field & Stream Filson Finish Line Fleming’s Steakhouse Flying J Fogo de Chao Food Lion FoodMaxx Foot Locker Footaction Forever 21 Fossil Four Seasons Francesca’s Fred Meyer Frederick’s Of Hollywood Friendly’s Frontier Airlines Fuddruckers FYE
Through a partnership with discount gift card marketplace CardCash.com, Walmart launched its gift card exchange — Walmart.cardcash.com — on December 25. The retailer plans to test the service for several weeks to determine whether it will keep it around. The initial response seems promising. “We have seen tremendous volume and are very happy with the success and impact of the partnership,” says CardCash.com CEO Elliot Bohm.
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.
Obtain quotes from each of the websites to determine which site offers the best deal for the gift cards you want to sell or exchange. Make sure to read the websites’ terms and conditions, and learn more about their guarantees, transaction fees, and shipping policies. Gift card exchange websites are an excellent way to sell or trade gift cards from major retailers. If the gift card is for a small, local business, try selling or trading the gift card on Craigslist or eBay Classifieds instead.
If you don’t want to have the value of your gift card dictated by a reseller, use Raise.com to sell your gift card for cash. You set your own price—think eBay, but without the bidding. WalletHub ranked Raise.com as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for an $100 gift card.
Cash4GiftCards.com buys gift cards for 75% of their value. They sometimes buy expired cards, for 25% of their pre-expiration value. GiftCardBin provides an initial offer on sellers’ gift cards, based on the retailer, value, and expiration date. If you don’t like their offer, you can make a counter offer.
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.
Each site has its own set of restrictions. Most have different maximum and minimum exchange amounts, which can be troublesome if you’re trying to sell either a low- or high-balance gift card. Generally, your card has to have a minimum balance of $10. The maximum amount varies from site to site but is somewhere between $200 and $400. Some sites have buying and selling fees that can take a substantial percentage of your payment. The best services do not have these restrictions.
Another option is to sell your gift cards on eBay as you can potentially sell your card for a profit, but keep in mind that this can be more hassle. By selling through a gift card marketplace, they verify the balance and offer seller protection in case the buyer has troubles redeeming the card.
I’ve had general success purchasing Visa gift cards that work for buying money orders from a grocery store named after a baby bear. If I buy 2 $500 cards the register locks up and needs a manager override, though, so I stick to 1 card at a time. Also, cashiers occasionally deny me because my name isn’t on the gift card.
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
Unlike Cardpool and CardCash, Raise is a user-driven gift card marketplace — sort of like eBay, but with less risk. On Raise, sellers list gift cards at the price of their choosing and buyers purchase cards directly from the sellers. Raise doesn’t take possession of any of the cards that are sold on its site, but sellers are required to “verify” their cards with the company (by entering in serial numbers and PINs and checking the card’s balance) before they can be listed.
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.
If you do not find the gift card you’re looking for, most sites allow you to sign up to be notified when that card is available. Additionally, look for sites that offer free shipping. Whether you are buying or selling gift cards, companies will often pay for shipping or reimburse you. Many sites even offer bulk buying and selling programs where you can purchase a large quantity of cards at even more discounted prices.
Gift cards are just one step away from cash. For that reason, I don’t recommend swapping them via eBay or Craigslist. A gift card’s balance can be used up in seconds — even without the physical card in hand — so eBay and Craigslist can be dangerous venues for both selling and buying gift cards.
The one downside of selling gift cards is that you rarely “break even” or profit. If you’re trying to sell a $25 gift card, you’re most likely going to get less than $25 in cash. It’s the nature of the business, but I’d rather take the money by selling at a discount than have nothing at all.
Selling online will be the easiest option for most gift cards. You should expect to pay a commission up to 15% of the selling price. If you sell a gift card that needs to be mailed to the buyer, you will have to pay an additional shipping fee too. Most gift cards are digitally delivered, to keep the selling fees as small as possible.
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.
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.
Just make sure you don’t wait so long that you forget to exchange your gift card at all, warns Shelley Hunter, GiftCards.com’s content manager. The longer people hold on to a gift card, she says, the more likely they are to forget about it and never exchange or sell it.
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.
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Selling your unwanted gift cards can be an excellent way to make a little extra cash with minimal effort. Whether you sell online or in-person, selling gift cards for cash is one of the easiest ways to improve your finances and you also find a good home for your old gift cards.
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.
While you can’t actually return gift cards, there are several different ways you can sell gift cards for cash or trade gift cards online for credit at another store. So you won’t actually be stuck with gift card duds, leaving the money unspent or wandering the shop in a desperate search for the least atrocious item.
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.
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.