Did you receive gift cards you don't want this past holiday season? Here are 5 ways you can turn them into cash.
Gift cards are extremely popular this time of year to get and give as gifts. But often, you don't really like the restaurant or retailer somebody else gave you a gift card for. Do you just leave it sitting unloved in a drawer somewhere? No! Try selling it online and turn it into cash.
5 ways to turn your unwanted gift cards into something you really want
Websites like CardPool.com, GiftCardGranny.com, GiftCardRescue.com offer you the opportunity to unload unwanted gift cards. Sellers can typically expect to make about 70-80 cents back on the dollar. Buyers, meanwhile, can find gift cards discounted up to 30% off the face value. The websites themselves make money on the buy/sell spread.
The cards are typically guaranteed to work for up 180 days after purchase (depending on e-tailer). So don't let that unloved plastic gather dust in a drawer this season. Discount gift card sites can save or make you some big money.
Meanwhile, Walmart is even experimenting with its own gift card exchange program. They'll basically give you an e-gift card of their own in exchange for your unwanted gift cards from other merchants. Then they take those gift cards and sell them via CardCash Exchange.
You have to do this online to take advantage of Walmart's offer; it can't be done in Walmart stores. Here's an overview of the process:
1. Enter the merchant name and card balance from the gift card you want to get rid of.
2. Enter card number and pin and some basic customer information.
3. Get an eGift Card will be emailed to you in a printable format once your order has been approved.