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Gift cards are considered a great gift for those who are confused in shopping. However, sometimes, cash is preferable to gift cards. Fortunately, there are many ways you can turn gift cards into cash. You can sell gift cards, exchange them for cash, or use gift cards to earn points and save you lots of money.
Steps
Selling gift cards
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Sell gift cards for a website. A lot of sites out there will redeem the gift card and give you cash back. Some sites will offer prepaid postage for you to mail them a gift card. If you have a gift card code, some sites won’t hesitate to redeem it from you. Make sure you check out any site reviews before you decide to sell your card.
- Usually, you will not receive the full amount corresponding to the value of the gift card.
- A few sites where you can sell gift cards are Cardpop, Raise, CardCash, and Giftcard Zen.
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Use the app to sell gift cards. A few companies also have mobile apps where you can sell your gift cards. Simply download the app, submit your card, and choose your preferred form of payment—by PayPal or by check. Usually, the company will take a commission of 15% of the value of the gift card. [1] X Research Source
- You can also download Raise’s app.
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List gift cards on an e-commerce site. If you don’t want to sell gift cards to one site, you can also choose to list the gift card on another site—like eBay or Craigslist. You can sell your gift card for its actual value, but it’s usually easier to sell it if you lower the price a little below its actual value. Remember that websites, like eBay, can take a percentage of the commission on sales. [2] X Research Source
- You should also include shipping costs if you’re sending someone a gift card.
- Always use caution when meeting with other people to conduct a gift card sale.
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Sell gift cards to a friend. There is a chance that a friend of yours will want to buy this gift card from you. This is considered the easiest and safest way to sell gift cards. Ask around to see if any of your friends are interested in this. If someone is interested, meet that friend or mail a gift card.
Gift card exchange
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Use the Coinstar Exchange machine. Coinstar Exchange machines are usually located in front of many large grocery stores. Just swipe the gift card and then you will get an offer. This offer will typically be between 60% and 85% of the gift card’s balance. You can choose to accept or decline this amount. If you accept the offer, you will receive a voucher that can be redeemed for cash at the cash register. [3] X Research Sources
- Coinstar Exchange machine is completely different from regular Coinstar machine only used to exchange coins for paper money.
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Redeem gift cards for cash at the gift card exchange kiosk. Gift Card Exchange machines are usually bright yellow and placed in grocery stores. Enter your card information into the machine and then choose to accept or decline the offer the machine makes to you. If you accept the offer, you can choose between an offer that can be redeemed for cash at the cash register or a Visa gift card. [4] X Research Sources
- You can go online to find out where the nearest Gift Card Exchange machine is.
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Redeem the gift card for another store. If you don’t like the store where you directly use the gift card, you can exchange it for a gift card at the store of your choice. You can do this online or at certain card exchanges. For example, you can use a website like CardCash to exchange gift cards. Or, you can go to a store, like Target, and then exchange your card for a Target gift card at the exchange machine located in the store.
- This won’t be as accurate as getting cash, but if you need to buy something from an updated store, gift cards can essentially be used as cash.
Benefit from gift cards in many different ways
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Buy groceries with gift cards. Even if you don’t receive cash, you can still use the redemption program to make purchases. For example, you can use a Visa gift card or a gift card at a grocery store like Kroger to buy groceries or other essentials. If the grocery store has a rewards program, you’ll earn points and use them for future purchases.
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Use your gift card to earn gas points. Some gas stations and stores with gas stations all have gift cards. Use a gift card when buying gas. You can then use these accumulated points to buy gas later.
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Use gift cards at the pharmacy to earn bonus points. First, you need to complete the free registration for the redemption program at your local pharmacy/pharmacy. Then use that pharmacy gift card or Visa gift card to make the purchase. For each purchase, you will earn points. These points can be redeemed for coupons or discount codes.
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Give back the gift card as a gift. If you have an unused gift card that you don’t want to use, give it to a friend who will appreciate the card. For example, if you have a card you can use at a coffee shop but don’t like coffee yourself, give it to a coffee-hungry friend. Make sure this card remains unused if you plan to give it as a gift. [5] X Research Sources
- If you have spent some of your card balance, you can let this friend know in advance and ask if they want to use the remaining balance on the card.
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Donate gift cards. If you won’t be using your gift card, it would be a generous gesture to donate it to a charity. Even if you have used some of your card balance, you can still donate the remaining balance. A few sites you can choose to donate your gift cards to are GiftCard4Change and Charity Choice. Usually, you will receive a receipt for this donation and can use it to deduct taxes. [6] X Research Source
Advice
- You can also donate your gift cards to organizations and individuals in need.
- You can decide whether to give the card back to a friend you think they will like.
Warning
- Use caution when meeting strangers when selling gift cards. Only meet in public places.
- Make sure the website you’re listing for sale is legit before selling gift cards. [7] X Research Sources
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This article is co-authored by a team of editors and trained researchers who confirm the accuracy and completeness of the article.
The wikiHow Content Management team carefully monitors the work of editors to ensure that every article is up to a high standard of quality.
There are 7 references cited in this article that you can view at the bottom of the page.
This article has been viewed 2,847 times.
Gift cards are considered a great gift for those who are confused in shopping. However, sometimes, cash is preferable to gift cards. Fortunately, there are many ways you can turn gift cards into cash. You can sell gift cards, exchange them for cash, or use gift cards to earn points and save you lots of money.
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