Introduction
Gift cards are a popular present for birthdays, holidays, and other special occasions. But what do you do if you receive a gift card that you don’t want or can’t use?
This article aims to help you turn your unused gift cards into cash. With a bit of effort and strategy, you can easily convert your gift cards into real money that you can use for anything you want.
5 Proven Methods for Cashing Out Gift Cards for Cash
If you’re looking to get money off a gift card, there are a few proven methods that can help you achieve this goal.
Firstly, you can sell your gift card online. Websites like Cardpool and Raise allow you to sell your gift cards to other people for a portion of their face value. To do this, you need to create an account on the website, enter the details of your gift card, and wait for a buyer to make an offer. Once the sale is complete, you will receive your payment via PayPal, check or direct deposit.
Secondly, you can exchange your gift card for another one. Websites like Gift Card Granny allow you to trade your gift card for another one with a higher resale value. You can also exchange your gift card for store credit at a participating retailer, which you can use to buy other items or gift cards.
Thirdly, you can use your gift card to purchase items to resell. For example, you can buy popular items like electronic accessories, clothing, or even groceries, and resell them on online platforms like eBay or Amazon. This is a great way to maximize the value of your gift card and make a profit.
Fourthly, you can try to sell your gift card locally. You can post an ad on Craigslist or similar sites stating that you’re selling your gift card for cash, and wait for a buyer to respond. Be sure to meet in a public place and only accept cash to avoid scams.
Fifthly, you can sell your gift card to a pawn shop. Pawn shops will accept gift cards as collateral and offer you cash in exchange for them. However, this should be your last option as pawn shops will only offer you a fraction of the value of your gift card.
From Gift Card to Cash: Creative Ways to Turn Your Gift Cards Into Money
If you want to try something different, there are some unconventional ways to cash out your gift cards.
One creative way is to use your gift card to pay bills. Some companies, such as RentMoola or Plastiq, allow you to pay bills using gift cards as a form of payment. This is a great option if you have bills to pay and need to get rid of your gift cards quickly.
Another creative way is to use your gift card to buy cryptocurrency. Websites like Paxful or LocalBitcoins allow you to use your gift card to buy Bitcoin or other cryptocurrencies from other users. This is a great way to convert your gift card into a valuable asset that may appreciate in value over time.
Lastly, you can donate your gift card to a charity. Websites like CharityChoice allow you to donate the balance of your gift card to a charity of your choice. Not only will you be doing a good deed, but you can also receive a tax deduction for your donation.
The Smart Shopper’s Guide to Earning Extra Cash from Gift Cards
If you’re a savvy shopper, you can use gift cards to save money and even earn cashback or rewards.
One way is to buy discounted gift cards. Websites like Gift Card Granny or RetailMeNot offer discounted gift cards to popular retailers. For example, you can buy a $100 gift card for $80, which is a 20% discount. This is a great way to save money on future purchases.
Another way is to use gift cards to earn rewards or cashback. Some credit cards offer cashback or rewards for gift card purchases. For example, you can earn 5% cashback for purchasing gift cards for gas, groceries, or restaurants with a certain credit card.
Lastly, you can use your gift cards to stack deals and maximize savings. For example, you can use a discounted gift card to buy a sale item, then use a coupon or promo code to further reduce the price. This is a great way to get the most value out of your gift cards.
Scoring Some Cash: Tips and Tricks on How to Get Money from Gift Cards
Here are some additional tips and tricks to help you get the most value from your gift cards.
Firstly, you can combine multiple small gift cards into one large one. Websites like Cardflip offer this service, allowing you to consolidate your gift cards into one card with a higher value.
Secondly, you can use your gift card to pay for services that you would have paid cash for anyway. For example, you can use your gift card to pay for a haircut, car wash, or even a doctor’s visit. This is a great way to free up some cash from your budget.
Finally, be aware of potential risks or downsides to some of these methods. Selling your gift card online may take longer than you expect, and there is always a risk of scams. Exchanging your gift card for another one may not always result in a higher resale value. Using your gift card to buy cryptocurrency can be risky as the value of Bitcoin can be volatile.
Unleash the Value: How to Transform Your Unused Gift Cards into Real Cash
Cashing out your gift cards may take some effort and strategy, but it can be a great way to transform an unused asset into real cash.
To get started, choose a method that works best for you. Whether it’s selling your gift card online, buying cryptocurrency, or simply using it to pay bills, there are plenty of ways to turn your gift cards into cash.
Remember to be patient and cautious when dealing with gift cards. By following the tips and tricks in this article, you can maximize the value of your gift cards and achieve your financial goals.
Conclusion
Cashing out your unused gift cards can seem overwhelming, but with the right strategies, it can be accomplished easily. You don’t have to let your gift cards gather dust anymore. By following the tips and techniques discussed in this article, you can turn that pesky gift card into real cash you can use in any way you please.
Thank you for reading our article. Please share your thoughts and experiences in the comments below.
