Check Your Current Rewards Balances
Many programs, including Capital One and Chase, let you redeem your points for gift cards or cash. For example, Chase Ultimate Rewards now ties directly in to your Amazon account, where you can use them to pay for new purchases.
The redemption values often arent as strong as they would be when exchanged for travel, but can be a great way to offset more pressing expenses.
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.
Capital One Ventureone Rewards Card $200
This is another travel credit card from Capital One.
With this card, you get 20,000 bonus points if you spend $1,000 on purchases within the first three month from account opening.
This is equivalent to $200.
Savor Dining Rewards is a credit card that gives you 3% cashback on dining.
With it, you also get between 1% to 2% cashback on other purchases.
If you open up an account and spend $500 within the first three months, then youll receive a $150 cash bonus.
Get $150 back in the form of a statement credit, when you spend $1,000 on purchases on this card.
You must spend that amount within the first three months of your account opening.
When you spend $1,000 on purchases using this card, you get $250 back in the form of a statement credit.
Make sure that you spend that amount during the first three months of account opening.
With this credit card, you get 30,000 American Airlines AAdvantage bonus miles!
And, you can redeem points for flights for as little as 7,500 points.
You just need to spend $1,000 on purchases during the first three months of account opening.
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Shop Online With Capitalone Shopping
- Earning Potential: 4.0/5.0 stars
- Minimum to Cash Out:;Varies
Consumers can earn CapitalOne Shopping;Credits, which can be redeemed for gift cards to retailers like eBay, Lowes, and Nordstrom. There are two ways that customers can earn these credits.
First, you must have the CapitalOne Shopping browser extension installed. Once its installed, shop online normally and when you see CapitalOne Shopping pop up with a rewards offer, click on it. Once thats activated, youll receive CapitalOne Shopping reward credits if you make any qualifying purchases.;
You can also earn CapitalOne Shopping credits when you link a credit card and use that card at a participating store. CapitalOne Shopping credits are usually disbursed within seven days of purchase.
Note: CapitalOne Shopping compensates us when you get the CapitalOne Shopping extension using the links provided.
Add It To Your Paypal Balance
If you are looking to convert a Visa gift card to cash, try using PayPal. PayPal uses the Card Cashwebsite to help individuals transfer gift cards to their PayPal balance.
If you use the PayPal option, you will have to purchase another gift card with the Visa gift card first. Due to the fact that Card Cash only accepts gift cards from stores and restaurants, you will have to purchase a gift card from one of their accepted merchants first.
Once you do that, you will be ready to go. Here are the instructions on how to convert your gift card to PayPal cash using Card Cash. With this method, you will be able to transfer a Visa gift card to a bank account.
1. Go to the website Card Cash and click on the Sell gift cards option. Enter the merchants name and the balance on the gift card. Then click Get Offer.
2. When you get an offer, you will see the PayPal amount you can exchange the gift card for right on the site.
3. If you agree with the amount, all you have to do is click Get Cash;and then select how you would like to get paid. If you want the PayPal option, click PayPal Express.
4. Enter your gift card number and pin. Then click Connect with PayPal. Log onto your PayPal account and fill out the required fills and then click Get My PayPal Balance.
Check out PayPal to see the same instructions and more details on how to transfer money from gift cards to your PayPal balance.
Additional Ways To Earn PayPal Gift Cards
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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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Bring Your Id And Credit Card
I took my son with me to a Gift Card Exchange machine once and he asked the obvious question, How does the machine know that theres money on the gift card? Couldnt someone just say it has $20 and get cash back? The answer is no. The Gift Card Exchange kiosk will check the balance of the gift card before accepting it. But just to avoid any potential tomfoolery, youll need to provide your mobile phone number and email address, plus scan your drivers license and a credit or debit card in order to complete the transaction.
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The Cons Of Flipping Gift Cards
What Is The Usual Gift Card Refund Policy
Generally speaking, gift cards are considered non-refundable. When you purchase a card, you use it once and stick to what you bought. In practice, buyers are given a lot more leeway and they can refund most products under the right circumstances.
Gift card return policies vary from retailer to retailer. and Shopify let you refund the full amount once youve returned the products that youve purchased. You have to go through the regular channel for returning products, and the gift cards are treated as another form of payment.;
Others, such as Walmart and Gamestop, use third-party gift card issuers, making it difficult to ask for a direct refund. In these cases, the company policy will usually state that gift cards are non-refundable.
Some businesses will refund the purchase and give you store credit. If seeking a full refund, this option is not a viable solution and youll have to contact the card issuer.
Once you get a gift card refund, the funds will be issued to the original payment method. This means that the money will end up in the original purchasers account. Consult them when you decide to ask for a gift card refund.;
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Can I Exchange My Gift Cards
As mentioned above, selling your gift card isnt your only option. Several of the platforms weve reviewed offer the opportunity to exchange your gift card for another gift card. Therefore, if you have a Bath and Body Works gift card that youre eager to get rid of, you can hop on CardPool and find a card that more aligns with your interests or desires.
While this seems like an easy and logical solution, not all sites offer this service. Thats why you must know where you can accomplish trading your gift card online if youre interested.
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Sell Your Gift Card In Person
If you want to sell your gift card in person, rather than dealing with online gift card exchanges, you have a few options.
- Cardpool.com gift card kiosks: If you dont want to make your swap online, you can visit certain in-store kiosks, operated by Cardpool.com. These machines, once owned and operated by Coinstar, accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $15. The kiosk will make you an offer for the cardand if you accept the offer, you’ll get a voucher that you can redeem for cash at the register of the shop the kiosk is located in.
- Target trade-in: If you love shopping at Target, youll be pleased to know the big-box retailer will trade store credit for gift cards from more than 100 different retailers and restaurants through its own in-store exchange. Not all Target stores participate in the program, so you should check the website to see if your local store is part of the Target trade-in program.
Typically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate: Youve got to ask yourself if you value the dollar amount or convenience more.
Many Ways To Sell Gift Cards For Cash
There are many ways to sell gift cards for cash. The most common way is to sell a gift card online to a gift card reseller that buys the unwanted gift card, sends payment to the seller and then resells the gift card to another customer. In addition to true resellers, there are also online sites that match gift card sellers up with gift card buyers, facilitating transactions without actually touching the cards.
One of the benefits of selling your gift card to an online reseller is that the cash back offer will generally be higher than any other method. The one drawback to using these sites, however, is that youll generally have to wait for payment to arrive. Depending on the reseller and payment method selected, you might wait a couple of days for a PayPal deposit or a few days for a check to arrive in the mail. Because the cashback offer is so good, however, I think online resellers are the best choice when you dont mind waiting to get your money.
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What Is A Gift Card Exchange Kiosk
Put simply, a gift card exchange kiosk is a place to hand over unused gift cards in exchange for cash. The kiosk itself is similar to a photo booth, DVD rental kiosk, and an ATM.
In most cases, it is a self-service booth. There are many places where you can find a gift card exchange kiosk, and I am going to be covering some options.;
When you opt to hand over some of your unused gift cards, you receive a portion of the remaining monetary value on the card in cash. The redeemable percentage varies depending on the service.
As a general rule, you might be looking at somewhere in the range of 60-85% cashback. If youre lucky and find the right buyer, you could even get 90% or more of the value of the gift card back.
Want to sell your gift cards for quick cash? This is my favorite place to sell unwanted gift cards.
What Is A Gift Card
A gift card is also a type of stored value card loaded with funds for future discretionary use. Only it contains a specific amount of money. Once this sum is spent down, the card can no longer be used. Gift cards also have expiration dates, which are often much shorter than that of prepaid cards.
Gift cards can be purchased in several different formats. The most familiar type is what’s technically known as a closed loop card: It is good only at a particular merchant or certain retailer and bears that outfit’s name and logo. Some retail groups will allow the same gift card to be used at any of their affiliated stores.
Gift cards began with specific stores. Now, however, many of the major charge or credit card issuers, like American Express, Visa, Discover, and MasterCard, are also offering gift cards, good anywhere the regular plastic is accepted. Known as open-loop cards, these are most easily confused with prepaid debit cards, especially since some of them are reloadable as well. These cards may carry a one-time activation fee.
|Prepaid vs. Gift Cards|
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Refinance Your Debt: $200+ Per Month
Since interest rates are so low, you may be eligible to consolidate or refinance your existing debt.
If you can score a lower interest rate and reduce your payments, that adds cash to your bottom line every month.
We Are The Grandmother Of All Gift Cards
While you can buy gift cards practically anywhere, Gift Card Granny is the place where you can give and receive. By offering a discount or cash back rewards, you save money with every purchase. What’s more, having been in the industry since 2009, we are a reliable source when it comes to gift cards. We give you the opportunity to create custom gift cards by adding your logos, pictures or messages to cards from Visa Gift Card, Mastercard Gift Card and many various national brands. Whether youre an individual or a corporation looking for the perfect way to show someone your appreciation, we can get these prepaid gift cards to you fast.
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Top 10 Places To Sell Gift Cards For Cash
Receiving a gift card as a present is a mixed bag emotionally. Of course youre grateful but you also cant help but wish the giver had opted for cash instead. If youre currently facing financial hardship, as many of us are in the current climate, the blow will sting even more. You want money to pay your rent, not Apple store credit!
Luckily, you have more options available to you than just sucking it up and using your gift card to buy some consumer goods you dont need. There are many places you can trade your store credit for cold hard cash, both online and in person.
Capital One Quicksilver Rewards $150
This is a cashback reward credit card from Capital One.
If you get this credit card, youll receive a $150 cash bonus when you spend $500 on purchases within the first three months of your account opening.
Good to know
Banks and credit card companies run promotional offers all the time, so many of these offers may not be available by the time you come across this post. However, if you search the respective bank or credit card companys website, youll often find similar promotions that can get you free sign up bonus.
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