Sell Us Your Gift Cards. Do you have a wallet full of gift cards that you never plan on using? Don't let them sit there gathering dust. Come. Companies like Card Cash and Card Pool let you sell gift cards for up to 92 percent cash back. While you won't walk away with percent of the. Earn cash in 3 easy steps. See how much you'll get for selling gift cards and store credits. Find Your Cards. Look for unwanted gift cards and store credits, new.
Can you trade gift cards for cash -
However, many of these cards will end up either unused or hawked online. Here's how to make sure you get the most out of the hottest gift of the season. For the 12th year running, gift cards remain the most popular items on wish lists , according to the National Retail Federation's annual holiday report. Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods.
The NRF polled more than 7, adults in October. The survey has a margin of error of 1. However, many of those cards will end up either unused or hawked online. Enter gift card exchanges. Sites such as Cardpool and Raise help you trade in those unwanted cards for cash. Despite gift cards being the most desired Christmas and holiday present year after year, Dec. The problem arises when recipients don't get the exact gift card they wanted, said Mike Jack, the general manager of Cardpool.
The resale value can vary dramatically but generally ranges from below 70 percent to over 90 percent, depending on the popularity of the card and its availability. Some of the most valuable cards include iTunes, Starbucks, Target and Walmart, according to Cardpool.
Alternatively, savvy shoppers can score the gift cards they desire at steep discounts through the same online marketplaces. The biggest mistake many people make is to put their cards in a drawer and forget about them. Instead, keep them handy in your wallet or purse so you have quick and easy access when you are out shopping. Keep in mind that gift cards do eventually expire, generally after five years, or you could get hit with an inactivity fee after one year.
Reduce your risk. The Federal Trade Commission warns that some issuers won't replace lost or stolen gift cards while others will — for another fee. Gift-card givers should give recipients the original purchase receipt along with the card, the FTC advises.
If the card is lost or stolen, some issuers will require the receipt as proof of purchase to provide a replacement card with whatever balance is remaining. Additionally, promptly report a lost or stolen card to ensure you recoup the entire value or whatever is left.
And, of course, be wary of gift cards from retailers in or nearing bankruptcy. Spend every penny. After you've used some of the value on a gift card, you can liquidate small unspent balances by requesting a "split tender" payment the next time you shop at that retailer. First, pay with the gift card to use up the balance, and then pay the rest with cash or a credit or debit card.
Find your state's gift-card laws on the National Conference of State Legislatures website. ET, or check listings for air times in local markets.
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Related VideosCash Out Gift Cards with no Fee Raise can help you with that. Gift-card can you trade gift cards for cash should give recipients the original purchase receipt along with the card, the FTC advises. First, pay with the gift card to use up the balance, and then pay the rest with cash or a credit or debit card. The survey has a margin of error of 1. Raise Raise is a marketplace for selling gift cards. Once that information is verified, Cardpool will make you an offer.
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