Having a gift card can be a great present for any occasion, but what if you don’t want to use it? Many people find themselves with gift cards that they don’t want or need, but it can be hard to figure out how to turn them into cash. That’s why we’ve put together this ultimate guide on how to get cash from a gift card.
The Best Ways to Use Your Unwanted Gift Cards for Cash
If you have an unwanted gift card, there are a few different ways you can try to turn it into cash:
Research and comparison of gift card exchange websites
There are a variety of gift card exchange websites out there, and it’s important to research and compare them to find the best offer. Some popular options include Cardpool, Gift Card Granny, and Raise.
Utilizing social media to sell gift cards
You can use social media platforms like Facebook or Twitter to sell your gift cards. Just be aware of potential scammers and set up secure payment and shipping options.
Trading gift cards with friends or family members
If you have friends or family members with gift cards they don’t want, you can try trading with them to get a card you can use or one that you can sell for cash.
Turn Your Gift Cards into Cash: 7 Simple Strategies
If you’re looking for more specific ways to turn your gift cards into cash, here are seven strategies you can try:
Sell your gift cards online
Online marketplaces like eBay or Amazon can be a good place to sell your gift cards. Just be aware of any fees involved and make sure to set up a secure payment and shipping system.
Use gift card exchange kiosks
Some supermarkets or retail stores have kiosks where you can exchange your gift cards for cash or other gift cards. Just keep in mind that the exchange rate may not be as good as other options.
Find a gift card exchange store
You can also try finding a local store that specializes in gift card exchanges, such as GameStop or Coinstar Exchange.
Sell your gift cards on social media platforms
As mentioned earlier, you can use social media platforms like Facebook Marketplace to sell your gift cards. You can also try sites like Craigslist or OfferUp.
Organize a gift card swap party
If you have friends or family members with unwanted gift cards, you can host a party where everyone brings their cards and exchanges them with each other.
Exchange your gift card for cash at a retail store
Some retailers, like Walgreens or Target, allow you to exchange your gift cards for cash or store credit. Just make sure to check if there are any restrictions or fees.
Donate your gift cards to charity and get a tax deduction
If you don’t want to bother with selling your gift cards, you can donate them to charity and get a tax deduction. Some organizations, like Goodwill or the Salvation Army, accept gift card donations.
The Ultimate Guide to Cashing in on Your Unused Gift Cards
If you’re serious about getting cash for your gift cards, here are a few more tips to help you maximize your earnings:
Research and compare different sources for selling gift cards
Don’t just settle for the first offer you find – take the time to research and compare different options to find the best deal.
Take advantage of promotional offers
Sometimes gift card exchange websites or stores will offer bonuses or coupons for using their services. Keep an eye out for these deals to make the most of your gift cards.
Consider selling your gift cards in bulk
If you have a lot of gift cards to sell, you may be able to get a better deal by selling them in bulk to a bulk gift card buyer.
Be patient and persistent in your search for a good deal
Selling gift cards can take time, so don’t get discouraged if you don’t find a buyer right away. Keep trying different strategies and be persistent in your search.
Understand the potential risks and scams involved in selling gift cards
Unfortunately, there are scammers out there who may try to take advantage of you when selling gift cards. Be aware of common scams and take steps to protect yourself.
Gift Card to Cash: How to Get the Most Money for Your Cards
If you’re looking to get the most money possible for your gift cards, here are a few things to keep in mind:
Research the resale value of your gift card
Some gift cards may have a higher resale value than others, depending on the retailer or brand. Do some research to see what kind of price you can expect.
Compare online marketplaces and fees
Don’t just settle for the first website or platform you find – compare different options to see which will give you the best value after fees.
Check for expiration dates and restrictions
Make sure to check the terms and conditions of your gift card for any expiration dates or restrictions that may affect its value.
Be aware of potential scams or fraudulent buyers
Be cautious when selling your gift cards online and watch out for scams or fraudulent buyers. Only use secure payment and shipping methods, and don’t give out any personal information.
From Gift Card to Cash: Top Techniques for Trading in Your Cards
If you’re interested in trading your gift cards instead of selling them outright, here are a few strategies to try:
Consider the convenience of online exchanges
Online gift card exchanges like CardCash or Raise can be a convenient option for trading your gift cards.
Look for alternative marketplaces, such as Craigslist or Facebook Marketplace
Don’t overlook more unconventional marketplaces when looking to trade your gift cards.
Take advantage of online auctions or bidding sites
You may be able to get more value for your gift cards by listing them on auction or bidding sites like eBay.
Use bartering or trading techniques to get more value out of your gift card
If you have a particular item or service that you need, you may be able to trade your gift card for it instead of selling it for cash.
Maximizing Your Money: 7 Creative Ways to Get Cash from Gift Cards
If you’re feeling creative, here are a few more ways to get cash from your gift cards:
Sell your gift cards for higher than face value
Some websites or marketplaces may allow you to sell your gift card for higher than its face value if it’s in high demand.
Use your gift cards to purchase items for reselling at a profit
If you’re savvy with online reselling, you may be able to use your gift cards to purchase items that you can then resell for a profit.
Use your gift cards for discounted purchases or sales
You can use your gift card to purchase items during sales or promotions to get the most value out of it.
Trade your gift cards for other valuable items or services
You may be able to trade your gift cards for other valuable items or services that you need instead of selling them for cash.
Use a cashback credit card to earn additional money
If you use a cashback credit card to purchase your gift cards, you may be able to earn additional money on your purchase.
Sell your gift cards to websites that also accept cryptocurrency
Some gift card exchange websites also accept cryptocurrency like Bitcoin, which can be another option for getting cash from your cards.
Try investing your gift card balance in the stock market or other investments
If you’re feeling adventurous, you can try investing your gift card balance in the stock market or other investments to potentially earn even more money.
Cash in Your Cards: A Step-by-Step Guide to Getting the Most Out of Your Gift Cards
If you’re ready to turn your gift cards into cash, follow these simple steps:
Determine your gift card’s resale value
Research the resale value of your gift card and set a realistic price for it.
Find and research reputable exchange websites or marketplaces
Use the strategies outlined in this article to find reputable exchange websites or marketplaces to sell or trade your gift card.
Understand the fees and terms involved in different exchange options
Make sure to read the terms and conditions of any exchange website or marketplace carefully, including any fees involved.
Follow a secure payment and shipping system to avoid fraud or scams
Use a secure payment and shipping system to protect yourself and make sure you receive payment for your gift card.
Collect your cash or other payment options
Once you’ve sold or traded your gift card, collect your cash or other payment options and enjoy the extra money in your pocket.
Turning your gift cards into cash can be a great way to get more value out of unwanted presents or unused balances. By using the strategies outlined in this guide, you can find the best deal for your specific gift card and potentially earn even more money through creative techniques like trading or investing.