Udemezue John
Introduction.
Got a stack of unused gift cards gathering dust in a drawer? You’re not alone.
Every year, millions of people receive gift cards they don’t end up using—whether it’s for a store they don’t shop at, a restaurant they’ve never been to, or an online platform they don’t use. Research shows that $21 billion worth of gift cards went unspent in the U.S. alone in 2022.
That’s a lot of money just sitting there. Instead of letting those cards go to waste, you can turn them into cash or something more useful.
The process is straightforward, and some platforms make it easier than ever. Let’s walk through how you can sell your unused gift cards, get the best value, and avoid common pitfalls.
Why You Should Consider Selling Your Gift Cards
Unused gift cards might seem harmless, but they represent actual money that you’re not using. Here’s why selling them is a good idea:
1. Money in Your Pocket.
Selling gift cards can help you free up extra cash, which you can use to pay bills, save for something special, or even invest.
2. Prevent Expiry or Loss of Value.
Some gift cards lose value over time through inactivity fees or expiration dates. Selling them ensures you get something out of them before it’s too late.
3. Avoid Clutter.
Let’s face it, unused gift cards just take up space. Selling them clears out your wallet or drawer and brings in some money.
Where Do I Sell My Unused Gift Cards?
Here are some of the best places to sell your gift cards:
1. Online Gift Card Marketplaces
Platforms like CardCash and Raise let you list your gift cards for sale. Typically, you’ll sell the card at a discount—for example, you might sell a $100 card for $90—but it’s quick and straightforward.
2. Gift Card Exchange Kiosks
These kiosks are often found in grocery stores or shopping malls. You insert your card, and the machine offers you a cash amount. It’s convenient, but the payout might be slightly lower than online options.
3. Social Media or Local Groups
If you’re comfortable with direct sales, try posting your gift card on Facebook Marketplace, local buy/sell/trade groups, or even Craigslist. This method often yields the best price, but be cautious about scams.
4. Apps Like Venmo or PayPal
Some apps allow you to sell gift cards to friends or contacts directly. This works well if you trust the buyer and can verify the transaction.
Tips to Get the Best Value
- Do Some Price Comparison
Check multiple platforms to see which one offers the highest payout for your specific card. Some sites have better deals for certain brands. - Sell Unused or High-Value Cards
Cards with a full balance or popular brands (like Amazon, Target, or Starbucks) tend to fetch the best prices. - Avoid Scams
Stick to reputable platforms or local buyers you trust. Be wary of anyone asking for your card details without payment upfront.
FAQs
1. Can I sell partially used gift cards?
Yes, most platforms allow you to sell cards with remaining balances. Just make sure to provide the exact amount left on the card.
2. Is it safe to sell gift cards online?
It is, as long as you use trusted platforms. Look for sites with good reviews, secure payment methods, and clear terms.
3. How much money will I get?
The amount depends on the card and where you sell it. Typically, you can expect 70-95% of the card’s value.
4. What if I don’t know the card balance?
You can usually check the balance on the retailer’s website or by calling their customer service number.
5. Are there fees involved?
Some platforms charge a small fee for the transaction. Be sure to read the terms before selling.
Turning Gift Cards into Opportunities
Selling unused gift cards isn’t just about getting rid of something you don’t need; it’s about making the most of your resources.
Whether you’re saving for a trip, tackling an unexpected expense, or just simplifying your life, turning those cards into cash is a smart move.
Have you ever sold a gift card? How was your experience? Let’s hear your thoughts below!
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