Hi, (not you?) | Member Center | Sign Out

Listen weekdays from 1-3pm ET
(No audio? Try our help)
Recent shows | More media
Listen Live: Mon-Fri 1-3pm ET
Posted: 6:00 a.m. Wednesday, Jan. 9, 2013
By Clark Howard
Consumerist.com reports there are a number of scams going on where crooks have found a way to steal value from gift cards before they're sold.
"Sometimes this means scratching off the area on the back of the card to reveal the code. It could also mean peeking down the sleeve of the card to read and record the number," the website reports.
"Then, right after the holiday starts, the scammers begin checking online and by phone to see if these cards have been activated...and proceed to drain all the value from the card."
This is bad news all around. Use those gift cards up as soon as you get them to protect yourself!
Or try buying them from a legitimate online seller that vouches they'll work for up 180 days after purchase (depending on e-tailer). Such websites include CardPool.com, GiftCardGranny.com, and GiftCardRescue.com.
You can also use these sites to sell unwanted gift cards. Sellers can typically expect to make about 70-80 cents back on the dollar. (Need I say more about why gift cards stink?!) Buyers, meanwhile, can find gift cards discounted up to 30% off the face value. The websites themselves make money on the buy/sell spread.
So don't let that unloved plastic gather dust in a drawer this season. Turn it into some real money!
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.

You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}