Thursday, June 16, 2022

Can You Get Cash Back On Gift Cards

What If I Think The Offer Is Too Low Will It Take My Card

Getting Cash Back For Gift Cards

Though you enter the card information to find out what the offer will be, youre not obligated to accept it. If you like the cash back offer, then you complete the transaction and deposit the gift card into the kiosk when asked. If you dont like the offer, decline it, cancel the session and keep your card.

How Do You Convert A Gift Card To Cash

There are several ways to convert your single-use gift card to cashheres what you can try:

Conversion Method
KioskMany grocery and department stores have vending machines that offer cash in exchange for gift cards

While these methods are options, all of them have the same drawbackyou will not get the full value remaining on your card. Typically, you will be offered a maximum of 8590% of the true balance on your gift card.

Your next option is to get a cash reimbursement directly from the vendor.

How Can I Cash In A Gift Card

If you are looking for ways to exchange your gift card for cash, you can actually do that online. One of the faster and legit ways you can get cash for a Visa gift card is by selling it on platforms such as Gift Cash.

With this site, you can sell your unwanted gift cards by submitting the gift cards corresponding merchant and balance. After that, Gift Cash will submit an offer to you, and if you accept the offer, they will process your payment and send you cash.

You can also check out selling your unwanted gift cards on Gift Card Granny. This site has been seen in Forbes, NBC News, Oprah Magazine, and much more.

Also Check: How To Check Starbucks Gift Card Balance Without Security Code

How To Get Gift Cards At A Discount

Getting a discount on credit cards starts with a little research. Plenty of third-party online sites offer low-priced gift cards, but they are not always reputable.

To avoid being scammed and receiving a fake gift card with no balance, double-check the site and seller prior to purchasing a discount gift card. Better yet, go directly to the source, whether its the actual retailer or a major company like Target that sells Apple gift cards.

With safety top-of-mind, here are a few ways you can use credit cards to get a discount on your next gift card purchase.

Transfer The Balance Using Square

Can You Get Cash Back From a Walmart Gift Card

You can try using a company called Square to transfer a Visa gift card balance to your bank account. This method allows moving the entire gift card balance right into your account.

However, it may not work for everyone as the company Square has caught on and doesnt allow it. If you wanted to give this method a shot, there is an explanation here.

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Get Cash For Gift Cards

    Many people wonder how they can get cash for gift cards. This usually comes up when they receive a gift card as a present. The gift card is to a place they dont shop or have no interest in shopping.

    Or, people may be wondering who buys used gift cards or about how to get cash for gift cards. This usually happens when theyre looking to put more money back in their budget. When money is tight, exchanging unwanted or unused gift cards for money makes a lot of sense.

    In this blog post Im going to address three solutions related to the notion of cash for gift cards. First, Ill remind you how to make the most of gift cards you already own. Next, Ill review places that give you cash for gift cards, when youre looking to sell them. Finally, Ill offer suggestions on what you can do with those unwanted gift cards when selling them for cash is not an option.

    Is Redeeming My Cashback Bonus For A Statement Credit Treated The Same As A Payment

    Yes redeeming Cashback Bonus for a statement credit is treated like a normal payment and applies towards your minimum payment.

    Statement Credits/Cashback Bonus redemption payments made by 5 p.m. Eastern Time are credited to your account effective as of that same day. The Statement Credit/Cashback Bonus redemption payment amount is withdrawn immediately from the Cashback Bonus account after the redemption is made and cannot be modified or cancelled. It may take up to 3 business days for Statement Credits/Cashback Bonus redemption payment to appear on your account.

    Also Check: How To Use Ebay Gift Card Without Paypal

    How To Convert Visa Gift Cards To Cash

    There are a bunch of different ways to get your Visa gift card balance converted to cash. In a few cases, theyll let you end up with actual cash in your hand, while others will let you treat the card as if it were cash in terms of how you use it.

    There are a few ways though that involve a transfer of the Visa gift card to your bank account. From there, youll then be able to withdraw the money as cash.

    free $5 Visa gift card

    This means that, in each case, the outcome is the same. So it just becomes a question of which one is easier for you and which one ends up with you paying the lowest fees so you can save as much of the balance as you can.

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    Set An Alert To Find Out When A Gift Card You Want Is Available

    How To Get Cash For American Express Gift Cards (2021) | Maleah’s Diary

    Want your favorite brand at a certain discount?

    Sign up for brand alert emails so you never miss a deal.

    When the alert does come through, buy immediately! I cant stress this enough.

    The times Ive used the alert feature, my gift card is often sold immediately because others are waiting for it too!

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    Check The Shape Of Your Gift Card

    When you get to the Gift Card Exchange machine, youll either have to swipe your gift card so the machine can read the magnetic stripe or youll have to hold the bar code up to a scanner. There is no way to key in the card number. If your gift card is an odd shape, too big, too small, has cut-outs, or is a printout of an electronic gift certificate, you might not be able to see it at the kiosk.

    How To Exchange An Unused Walmart Gift Card For Cash

    If you dont want that Walmart gift card somebody gave you as a gift, you can try the following:

  • Selling the gift card onlineMany websites can help you sell your unused gift cards. Bear in mind that the process is far from simple since you will have to:
  • Find a reliable website
  • Be willing to lower the price significantly
  • Have patience since the procedure may take some time
  • Buying items for your friends and familyMany of your loved ones may need items from Walmart. You can make the purchases with your gift card and then ask for reimbursements in cash
  • Selling the gift card to someone closeIf one of your friends or relatives needs a Walmart gift card, you can sell it to them. You will almost certainly get a much better deal from them than a stranger
  • If you are not dead-set on selling the card but also not keen on letting it go to waste, you should consider:

  • Exchanging the Walmarts for another companys gift cardYou may be able to trade your gift card for the one you will actually use. Make sure to perform a thorough research of the websites that offer these exchanges
  • Giving the card to someone who will use itIncluding the card into someones birthday present or giving it for no particular reason is much better than letting it sit unused
  • Also Check: Will Bass Pro Accept Cabela’s Gift Cards

    Sell Your Unused Gift Cards For Cash

    There are websites available that will enable you to sell your gift cards for something very close to its face value. One such site is Cardpool.com. The site advertises that it will get you the highest price for your gift cards when you sell through the site. They also promise that they only work with the most reputable resellers to provide top-notch service and prompt payment.

    Once on the site, you simply need to enter the merchant or store on your gift card to see which exchange site will offer you the most money. Just exactly how much you can sell a gift card for through the site will depend on the merchant .

    For example, gift cards to a popular retailer like Target will fetch as much as $90 for a $100 card. But a $100 gift card to a much more highly specialized retailer, like Bass Pro Shops will get no more than $78.

    Still another site where you can sell your unwanted gift cards is Gift Card Granny. There you can sell hundreds of popular gift cards, and providing you with the option to either redeem the proceeds by mail, or online.

    The site advertises that the most popular gift cards can fetch as much as $92 , which is seriously close to the full face value, and they offer free shipping too.

    Find Ways To Pay Yourself

    Can You Get Cash Back From a Gift Card? Answered

    I dont advise trying this as it is against PayPals TOS but some people have mentioned online that they paid themselves with ease. Do this at your own risk of losing your account.

    The process is simple though, you could get a friend to send you money and have them use the card. The only caveat is that you would lose 3% in the process due to Paypals fees. I dont recommend this, however, it is an option.

    Also Check: Where Can I Buy Pacsun Gift Cards

    Get The Most Money For Your Gift Card

    To make sure you get the most for any trade, visit a couple of different gift card exchange sites and compare offers.

    Start at GiftCardGranny.com. This online gift card aggregator lets you select the merchant of your card and then easily compare offers from other reseller sites, including Cardpool.com and ABCGiftCards.com, to see the best deal among their partners.

    CardCash.com was best for sellers, according to a WalletHub analysis of the major gift card exchanges. It offers immediate sales and an average gift card resale value of $76.50 for an $100 gift card.

    Note that each gift card exchange uses different fees and payment methods. Be sure to read the fine print so you know exactly what you’ll get in return for your card.

    Deposit The Gift Card Amount In The Bank

    Believe it or not there are certain gift cards, often in the form of a debit card that you receive as a reward for a purchase, that you can deposit directly into your bank account. I usually get these after buying my dogs flea and/or heartworm medicine at the vet.

    I learned this the hard way. For the longest time, I would try to use these gift cards to buy gas or groceries. But each time I would swipe it and even after the instructions for use at retailers, the card would be reject. Finally, one day I read the fine print on the back and discovered the bank deposit option, which is what I did.

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    Get Cash Back For Unused Gift Card Balances In These 12 States

    January 4, 2019 by Angelina Aucello

    With the holidays just behind us, Im sure many of us are swimming in gift cards. Or perhaps with this crowd, some are swimming in gift cards that were purchased with the intention of meeting minimum spend or maximizing miles or credit card points.

    Either way, Im certain weve all been in a position where weve been stuck with a merchant gift card with just a few bucks remaining .

    Of course, Id never toss out a gift card with $3.53 on it, but Im also not in a rush to make an unnecessary purchase just to use it up either. For the most part, these gift cards sit in a separate wallet until I know I am ready to return to the merchant thats if I dont forget it in the first place!

    If youre currently unfamiliar, Congress passed the Credit Card Accountability Responsibility and Disclosure Act ten years ago in 2009, which set consumer protections for gift cards based on many state laws.

    In general, the law provides that gift cards cannot expire within five years from the date they were activated and generally limits inactivity fee on gift cards except in certain circumstances, such as if there has been no transaction for at least 12 months.

    Additionally, there are 12 states that have laws requiring that the merchant issue cash on unused gift card balances:

    You can view the full details of your states specific gift card laws here.

    Bottom Line

    Buying Products To Resell

    How to Sell Gift Card for Cash | Easiest Way to Get Most Money from Selling GiftCards!

    Another option to get cash for your Visa gift card and also make some extra money is through flipping items like phones or other items.

    Check out the best sites for deals and coupons and see if you spot a deal on an item that you can resell for more.

    Just add your visa gift card on your PayPal account and use that to make the purchase. Then once you get the product, you can use selling apps to resell the item at a profit or breakeven to get your money back. If you sell your product locally, you can get cash in a matter of days.

    Read Also: Do Cabela’s Gift Cards Expire

    Pay Your Bills With Your Visa Gift Card

    Plastiq is the only way to maximize Visa gift cards by allowing you to pay for virtually any expense on them. Pay rent, taxes, even business supplies, to skyrocket your rewards, simplify payments and use your visa gift cards in the ways that make the most sense for you.

    Pro-Tip: Sign-up for Plastiq through this referral link and get $500 worth of payments fee-free after you make your first payment.

    Besides using a company like Plastiq, you can also use it to pay regular bills or make local purchases. Its definitely possible to pay utility bills, in most cases, Visa gift cards are accepted by billers that accept normal Visa credit cards. Have a monthly gym membership or an electricity bill to pay? Its likely that theyll take your Visa gift card for payments.

    Go To A Gift Card Exchange Kiosk To Trade It In

    One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.

    All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.

    Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.

    Related: Coinstar Gift Card Exchange: A Way To Get Quick Cash?

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    Use Gift Card Exchange Websites

    Yet another advantage of using Cardpool is that they also do gift card exchanges. In fact there are several websites that now work exchanges, including CardCash, CardHub, Raise, and Junkcard.

    On these sites, you can exchange or sell one gift card that you wont use for one that you will. Since the discount fees associated with each card are different, you may end up paying a small fee in the exchange, or you can even earn a small amount if the gift card that you are offering comes with a smaller discount.

    Whatever you decide to do with your unwanted gift cards, the worst strategy of all is to simply put them away in the hope that you may one day use them. More likely, youll forget you have them, turning them into a complete waste of money. The best time to deal unwanted gift cards is always as soon as you receive them. The holidays are over, so take care of it now!

    Regift Unwanted Gift Cards

    Whatâs the FASTEST Way to Get Cash for Gift Cards?

    I know some people frown on the notion of regifting all together. I have no problem with the practice. Because if you received something that you think someone else will love even more, why not give it to them as a gift?

    So if you have a gift card or gift cards that are sitting unused, why not regift them to someone who might enjoy them? It will save you money in having to buy this person a gift. Of course, the one caveat with regifting gift cards is this: make sure the gift cards has 100% of its value on it.

    Also, make sure the gift card was actually activated. Both of my daughter have been on the receiving end of gift cards that were never activated. They took them to Targetthey were Target gift cards, obviouslywent to use them to pay for something, and were told that the cards had never been activated. So, in essence, they received a worthless gift that they just had to toss in the trash.

    Also Check: How To Send Starbucks Gift Card Through Text

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