How To Trade Your Gift Cards For Cash

Introduction.

Do you have a stack of gift cards sitting in your drawer collecting dust? You’re not alone. Millions of people have unused or partially used gift cards lying around, and I’m here to tell you there’s a better way to put them to use.

Instead of letting them expire or forgetting about them entirely, you can turn those gift cards into cash. Yes, real money you can use for anything you want—bills, groceries, or even a little treat for yourself.

Trading gift cards for cash might sound too good to be true, but it’s a legit and increasingly popular way to make the most of those unused cards.

In this article, I’ll walk you through everything you need to know about trading gift cards for cash—from where to sell them, how to get the best value, and what to watch out for to avoid scams. Let’s get started.

Why Trade Gift Cards for Cash?

First, let’s talk about why this is even worth your time. According to a report by CNBC, Americans have over $21 billion in unused gift cards just sitting around. That’s a staggering amount of money that could be put to better use.

Maybe you received a gift card for a store you don’t shop at, or perhaps you just prefer having cash in hand instead of being limited to a specific retailer. Whatever the reason, trading gift cards for cash gives you flexibility and control over your money.

Plus, let’s be honest—life happens. Unexpected expenses pop up, and having a little extra cash can make a big difference. Instead of letting those gift cards go to waste, you can turn them into something useful. It’s a win-win.

How Do I Trade Gift Cards for Cash?

Now that you know why it’s worth it, let’s dive into the how. There are several ways to trade gift cards for cash, and I’ll break them down step by step.

1. Sell Them Online

There are plenty of reputable websites and apps that allow you to sell your gift cards for cash. Some of the most popular options include:

• Raise: This platform lets you list your gift card for sale. Once it sells, you get paid via direct deposit, PayPal, or check. Raise takes a small commission, but it’s a straightforward process.
• CardCash: CardCash buys gift cards directly from you and offers payment via check, PayPal, or direct deposit. They typically pay around 70-90% of the card’s value, depending on the retailer.
• GiftCardGranny: This site aggregates offers from multiple gift card buyers, so you can compare and choose the best deal. It’s a great way to ensure you’re getting the most cash for your card.

2. Use Peer-to-Peer Platforms

If you’re comfortable with it, you can sell your gift cards directly to other people through platforms like eBay or Facebook Marketplace.

Just be sure to set a fair price and communicate the terms of the sale to avoid any misunderstandings.

3. Trade Them In at Kiosks

Some grocery stores and malls have kiosks where you can trade in your gift cards for cash. Companies like Coinstar offer this service, though they may take a percentage of the card’s value as a fee.

4. Sell to Friends or Family

If you’ve got a gift card for a store or restaurant that a friend or family member loves, consider selling it to them at a discount. It’s a quick and easy way to get cash without dealing with third parties.

Tips for Getting the Best Value

Not all gift cards are created equal, and some will fetch more cash than others. Here are a few tips to help you maximize your earnings:

• Check the Balance: Before selling, make sure you know the exact balance on the card. Buyers will want this information, and it helps you set a fair price.
• Choose Popular Retailers: Gift cards for well-known stores like Target, Walmart, or Amazon tend to sell faster and for higher amounts than niche retailers.
• Avoid Scams: Stick to reputable platforms and buyers. If something feels off, trust your gut and walk away.
• Sell Sooner Rather Than Later: Gift card values can depreciate over time, especially if the retailer goes out of business or the card nears its expiration date.

FAQs

How much cash can I get for my gift card?

It depends on the retailer and the platform you use, but most buyers will offer between 70-90% of the card’s value. Popular retailers tend to fetch higher amounts.

Is it safe to sell gift cards online?

Yes, as long as you use reputable platforms. Always read reviews and avoid sharing sensitive information like your card’s PIN until the sale is finalized.

Can I sell partially used gift cards?

Absolutely! Just make sure to disclose the remaining balance to the buyer.

What if my gift card is expired?

Some buyers may still accept expired cards, but the value will likely be lower. It’s worth checking with the platform or buyer to see if they’ll take it.

Conclusion

Trading gift cards for cash is a simple and effective way to make the most of those unused cards cluttering your wallet or drawer.

Just remember to do your research, stick to reputable platforms, and aim for the best value.

So, what are you waiting for? Dig out those gift cards and turn them into cash today. Who knows—you might just have enough for that thing you’ve been saving up for. What’s the first thing you’d buy with your extra cash?