Gift cards are popular for presents, but not everyone uses them. When it’s a card for a store you don’t shop at or a restaurant you don’t frequent, unused gift cards can feel like wasted money. There are several ways to turn those unwanted gift cards into cash or store credit that you can use. We’ll explore the best methods to convert your gift cards into something more practical.
- Sell your gift cards online
The easiest way to turn gift cards into cash is by selling them online. There are numerous platforms explicitly designed for buying and selling gift cards. giftcardmall helps individuals turn unwanted gift cards into cash. These platforms typically take a small commission, but you’ll still receive a significant portion of the card’s value in money. Choosing a reputable platform is essential to ensure a safe and secure transaction when selling online. Always read reviews and check the platform’s policies before listing your card. Most sites require you to provide the card’s balance and expiration date, so have that information ready.
- Trade gift cards for store credit
If you do not need cash, consider trading your gift card for store credit at a retailer you shop at. Some websites allow you to exchange unwanted gift cards for ones you’ll use. While you might not get the full value of your original card, this method ensures you get something you’ll use. It’s a great option if you’re looking to stretch your budget or avoid letting your gift card go to waste.
- Sell to friends or family
If you’re uncomfortable using online platforms, consider selling your gift card to someone you know. Friends or family members might want to purchase your card at a discounted rate. Selling to someone you trust eliminates the risk of scams or fraudulent transactions. Agree on a fair price and provide the card’s details upfront to avoid misunderstandings.
- Redeem gift cards for cash-back rewards
Some platforms offer cash-back rewards for purchasing gift cards. While this isn’t a direct way to turn your existing gift cards into cash, it’s a smart strategy if you frequently buy or receive them. Using these platforms, you can earn a percentage of your purchase back in cash, which can add up over time. If you have a mygift card, you can often purchase other gift cards or withdraw cash at an ATM. Check the terms and conditions of your card to see if this option is available.
- Donate your gift cards
Consider donating your unwanted gift cards to a nonprofit organization if you feel charitable. Many charities accept gift cards as donations and use them to purchase supplies or support those in need. While this won’t put cash in your pocket, it’s a meaningful way to ensure your gift card doesn’t go to waste. Some organizations even allow you to deduct the value of your donation from your taxes, so be sure to ask for a receipt if you choose this route.
- Use apps to sell or trade gift cards
Apps allow you to list your cards directly from your phone. Tech-savvy individuals often prefer these apps because of their user-friendly interfaces and quick payout options. Before using an app, check its ratings and reviews to ensure it’s trustworthy. Some apps offer bonuses or discounts for first-time users, so take advantage of these deals if available.
If you sell online or trade with friends, there’s a solution for everyone. Platforms simplify the process, offering cash-back rewards and flexible redemption options. So, dig out those old gift cards and convert them into something helpful today!
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