Like fruitcake, Unwanted gift cards have become something of an unpleasant holiday tradition. It is understandable that not every gift card will hit its mark. You might have found a gift card at a hardware store, but you’re not a DIYer or fast-food chain, but you’re trying to eat healthy. These unwanted gift cards can go into a desk drawer and be forgotten – or expired – for years. Which is a shame.
Can you return a gift card?
like unwanted gift, Consumers can sometimes return unwanted gift cards to the stores where they were purchased and get the money back. But as you would expect, the answer is often no.
“Retailer’s policies on the return of gift cards vary,” says Bethany Hollers, a spokeswoman for BrickSec, a price-checking website.
“Some retailers don’t accept their return at all, while others will only issue store credit in their place, which basically means you end up with a second gift card,” says Hollers. “Some stores, such as Target, will accept gift card returns unless they are unused and you have the original purchase receipt, which can make for an awkward conversation if you get a gift card for one, well… gift. Received as Your best bet is to read the retailer’s return policy to see if it is a viable option.
Instead of letting them go waste, here are four more options for your unwanted gift card:
Regulate your gift card
“If there is someone in your life that you know will use a gift card, save yourself some money by sending Christmastime the card to them. This saves you the right money by eliminating one entry from your holiday shopping list, ”says Hollers.
Sell or trade gift cards online
Hollars say that many websites will buy gift cards for close to their face value. “Compare the offer prices from many sites, such as Raise, Cardpool, CardCash, and Gift Card Granny, to make sure you’re getting the highest price for your card,” Holser says. “Most of these sites will also allow you to trade. In return for a gift card, a retailer gift card that you will actually use. Don’t forget sites like EBay and Facebook Marketplace, Where you can often sell gift cards just a few dollars below their face value. “
Here are some top websites where you can sell unwanted gift cards:
Cardcash. With CardCash, you can sell gift cards or you can trade them for a certificate to a retailer where you want to shop. As a sales portion, what you earn for your gift card will vary. For example, for a $ 25 Target card, you can expect to receive an offer for around $ 20. Generally, you can get up to 92% of the value of the card. You will never get the full 100%.
Cardpool. With Cardpool, you can exchange unwanted gift cards and be paid in cash or Amazon gift cards. The site will not accept cards priced below $ 15. You will receive up to 88% of the value of the card. The Cardpool website lists the cards it accepts. There are many, but you probably won’t be able to sell a gift card to a regional store or restaurant.
GiftCash. Like other sites for selling gift cards, with GiftCash you simply type in the card you want to sell and how much it costs, and you get an offer. Usually, if it’s a gift card for a popular store such as Target or Best Buy, you’ll probably get what the card is worth – somewhere in the high 80% range or the low 90s. It accepts cards with a minimum value of $ 25 and will be as high as $ 2,500.
Increase. Unlike other sites on this list, with Raise, you are the one – not the website – that determines the price of your gift card. It is free to list your card, and if anyone buys it, you will pay 15% commission to the site. You can sell gift cards with a partial balance, but any physical gift card must have at least $ 10. An eGift card must have at least $ 5 on it. All gift card balances must be less than $ 2,000.
Donate gift card
You might also want to check out CharityGiftCertificates.org/gce/. It also charges a portion for administrative costs, but is a non-profit, so that you don’t get upset.
GiftCardBank.org There is another non-profit (started during the epidemic) that specializes in helping people in financial crisis.
You can also check with a local church, school or shelter and ask if it can use your gift card.
Sell what you buy with a gift card
“A last resort,” Holser says, “The gift card will be used to purchase an item that you can change again and resell for the same amount, or more than expected, compared to the card’s face value. If you think you can find an item that will make a profit, then it might be a better option than selling the card online for a small loss. “
This is a clever idea. But if we’re using a restaurant gift card, that’s probably not a great idea.