Sunday, July 3, 2022

What Is The Best Cash Gift Card

How To Safely Sell Those Unwanted Gift Cards

Best Sites to SELL GIFT CARDS for Cash

A gift card seems like the cant-go-wrong present. But lets be honest, sometimes that gift card misses the mark. Maybe you dont shop at that store or eat at that restaurant anymore. Maybe you just want the cash.

Its easy to sell unwanted gift cards. Just be careful so you dont fall victim to a gift card resale scam.

Fraud.org, the website run by the National Consumers League , just issued a Fraud Alert about these scams. John Breyault, the NCL vice president who manages the site, said people run into trouble when they try to sell their unwanted cards on Craigslist or eBay or by responding to offers on social media.

Once they find a buyer, the seller provides the codes from the back of the card and the buyer pays them, Breyault told NBC News BETTER. If its a crook, they will cancel the digital payment as soon as they get the codes and quickly spend the money on the card. The victim is left without any money and a useless piece of plastic.

Thats what happened to Bendada Abdallah of Madison, Wis. He got burned when he tried to sell $380 worth of Apple gift cards for nearly face value on eBay. Abdallah emailed the card numbers and PINs and got paid via PayPal.

I learned my lesson, Abdallah said. Be very careful when you try to sell something online.

Prepaid Vs Gift Cards

A gift card is essentially like cash you can only spend at a specific store. You use the card until the balance is gone and then discard it, though some retailers allow you to add more money to the card so you can continue spending with it. Not all stores allow you to reload existing cards, and there’s a chance the store could give you a new gift card every time you want to add money. One red flag to look for are fees, as gift cards shouldnt have any. If a retailer tries to charge you a fee for using a gift card, we recommend using another method of payment or simply shopping elsewhere.

Prepaid cards are designed to be reloadable, and as such, they sometimes carry fees. These vary by card, so its important to read the fine print if you go this route. These cards are often available from credit card companies like Visa and can be used on everyday expenses. Wallet Hub found prepaid cards can cost a person up to $311 per year in fees though, so if you can, you should opt for cards directly from a bank because they have fewer fees and a more secure guarantee. Or, you can avoid this quagmire altogether and opt for a gift card. If the person can’t find anything at the store it’s good at, they can use a gift card exchange to swap it for one theyll love!

Visa Gift Cards Are Sold In Some Banks

Another place to buy Visa gift cards is from your bank. Not all banks sell them, but those that do typically sell cards to existing customers at a competitive ratearound $4 for any load value.

The primary benefit of buying gift cards from a bank is that you may be granted additional security features such as the same protection that comes with the banks credit or debit cards. The downside is that you typically have to be an account holder with the bank in order to buy a gift card. Check your bank to see if you can buy gift cards and what additional benefits are given to existing customers.

Send a gift in seconds with a Visa eGift card or a Top Merchant eGift card.

Read Also: Do Bass Pro Gift Cards Work At Cabela’s

Use Donotpay To Redeem Cash From Your Gift Cards

Besides helping you save money on gift cards, DoNotPay can also assist you in redeeming the remaining balance on them. Do you have a gift card you no longer want to use? Dont let the leftover money go to waste! Use DoNotPay to get the cash back in three steps!

  • Choose the Gift Card Cash Back tool
  • Enter a few details about your cardnumber, remaining balance, and the companys name
  • Huntington Voice Business Credit Card

    Warning: Gift Card

    With 4% cash-back earnings on 1 from a list of 10 bonus categories each quarter, including office supply stores, the Huntington Voice Business card is a good choice for earning on your business purchases, all without an annual fee.

    Because you can earn 4% on up to $7,000 in purchases each quarter, you could earn up to $1,120 each year. Other bonus categories include grocery stores, gas stations, travel/entertainment, restaurants, electronic stores, utilities, warehouse/discount stores, department stores, home improvement, and auto parts stores.

    Bottom Line: With the wide variety of expenses business owners have, there should be no problem maximizing spending limits for bonus categories that include office supply stores.

    Also Check: Cardcookie Customer Service

    Youre Our First Priorityevery Time

    We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

    So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

    Most Popular Gift Cards

    According to Wallet Hub, Amazon was the most preferred gift card last year. When you’re looking at gift card exchange websites check out Cardpool, which offers Amazon gift cards in exchange for cards from retailers you don’t buy from. Visa was the second most preferred gift card, followed by Walmart and then Target. Keep this in mind if you’re shopping but don’t know what kind of gift card to get a friend or loved one. These retailers are very popular, so the odds are this card will get used. Amazon knocked Walmart out of the No. 1 spot in 2017, which signals the rising popularity of online shopping. Some other preferred gift card brands include Kohl’s, Disney, Sephora, Home Depot, McDonald’s and Starbucks.

    Read Also: Buy Applecare With Gift Card

    How To Transfer A Visa Gift Card To A Bank Account

    You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:

  • Add the card to your PayPal or Venmo account and transfer the balance to your own account
  • Get money for a voucher issued by a Gift Card Exchange Kiosk and then deposit it into your account
  • Choose an app or website to sell your gift card to that pays you through direct deposit, letting you then use the selling price as a way to transfer the Visa gift card to your bank account
  • Use the card to buy a money order, with the value of this then placed in your account
  • Best For High Limits: Movo Digital Prepaid Visa Card

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

    Heres why: The MOVO® Digital Prepaid Visa® Card has high limits: a $10,000 maximum balance on the card and a $5,500 per day withdrawal limit.

    There are other limits such as how much you can load on your card over a certain amount of time, regardless of how much you withdraw. So if you plan on moving a lot of money around, check out the cards terms and conditions to get a sense of the full limits.

    The MOVO® Digital Prepaid Visa® Card has

    • No monthly fee
    • No activation fee, though a physical card will cost $5.95
    • A $2 ATM fee for domestic withdrawals
    • A $4.95 per month fee if your account stays inactive for 90 days

    You can add money to your card for free via direct deposit or from your bank account. If you want to load cash, you can at participating retailers but there may be a fee, and youll need to have a physical card.

    Recommended Reading: Does Cvs Sell Ebay Gift Cards

    Best Credit Cards For Purchasing Gift Cards At Office Supply Stores

    As a business owner, youll have plenty of reasons to purchase gift cards at office supply stores. Office renovations, promotional incentives for employees, and paying for business dining/travel/entertainment could be likely examples.

    Here are a couple of business credit cards that can be used for earning maximum rewards at office supply stores.

    Learn More
    • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
    • Earn 5% cash-back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
    • Earn 2% cash-back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
    • 0% introductory APR for 12 months on purchases, then a variable APR of 13.24%-19.24%
    • Good to Excellent Credit Recommendation
    • Annual Fee: $0

    Must Reads: For more info on the Chase Ink Cash Card, see our guide on its benefits and our full review. This is one of several business credit cards from Chase.

    The Ink Business Cash card is likely the best card for office supply store purchases as it earns 5% cash-back on up to $25,000 in purchases each account anniversary year.

    Tips For Getting The Best Gift Card

    There are a handful of things we can count on every holiday season: time off from work and school an overweight, bearded out-of-towner breaking into homes through the chimney tone-deaf neighbors singing at your doorstep overeating and, of course, gift cards. Theyre everywhere this time of year, and for good reason: people generally love them.

    But you dont want yours to be just one gift card among many received by your intended recipient this year. Youd probably prefer it to be enjoyed rather than forgotten in a drawer full of clutter. And you certainly want to get a good deal, because who doesnt?

    Given that your gift card strategy can make or break the holiday season, particularly the budget part, we compiled a list of 10 great tips for gift card success. You can find them below. Shop wisely!

  • Look for a Discount. You might assume that sales and savings dont apply to the gift card market, since gift cards are more like currency than retail products with traditional product margins. Thats not the case, however, as the best gift cards can usually be bought for less than face value. You can learn where to look for deals from our article on the best gift card exchanges.
  • Resale is Always an Option. If you dont end up using a particular gift card or the recipient doesnt like it, youre not out of luck. You can sell it on a gift card exchange or simply swap gift cards with a friend or family member.
  • Recommended Reading: Will Bass Pro Accept Cabela’s Gift Cards

    Best For Cash Back Rewards: American Express Serve Cash Back

    Heres why: Rewards are one of the biggest features youll miss out on if you avoid credit cards. But with the American Express Serve® Cash Back, youll earn 1% cash back, which is applied to your account and can be used for future purchases, on every purchase you make.

    While that doesnt compete with the top cash back credit cards, its better than nothing.

    Here are some of the fees the American Express Serve Cash Back® comes with.

    • A monthly fee of $7.95, unless you live in New York, Texas or Vermont
    • No activation fee
    • No fee for withdrawals from MoneyPass ATMs
    • Cash reload at retail locations can cost you up to $3.95, depending on the retailer

    To learn more about the American Express Serve® Cash Back, read our editorial review of all three Serve® cards.

    Buy Discounted Gift Cards From Exchange Sites

    Court: Its entirely reasonable for police to swipe a ...

    Youre basically buying previously owned gift cards at a discounted rate. These gift card exchange sites will only carry merchant-branded options, since thered be no reason for someone to sell off their Visa or MasterCard gift card. *Use the gift card exchange sites noted below to sell off any unwanted gift cards you may have also.

    My 3 favorite sites for buying discounted gift cards :

    Raise.com is one of the best for buying gift cards and its my personal favorite.

    You can get $5 off $75+ with this offer link & code RAISE75AF. I review Raise.com here. A $10 off $50+ purchase code is sometimes active throughout the year as well 10RAISEAF.

    Read Also: Who Sells Lyft Gift Cards

    Mobile And Virtual Gift Cards

    This section does not cite any . Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed.

    Mobile gift cards are delivered to mobile phones via email or SMS, and phone apps allow users to carry only their cell phone.

    Virtual gift cards are delivered via email to the recipient, the benefits being that they cannot be physically lost and that the consumer does not has to spend the additional time needed to buy a physical gift card in a brick and mortar store making it more convenient. Gift cards of this type can also be purchased quicker, which is especially attractive if an gifting occasion is on the horizon.

    Other companies have introduced virtual gift cards that users redeem on their smartphones. As the merchant is not involved in the loop, it is considered a cash transfer rather than a traditional gift card.

    Need Some Gambling Money Get Cash For Gift Cards In Las Vegas

    One of the fastest ways to get paid without effort is to get cash back from used gift cards. Remember to check your remaining balance first. The amounts can add up quite a bit if you have multiple gift cards lying around. You can take cash for gift cards in Las Vegas using various methods, which we will explain in our guide. DoNotPay has a quick way of getting your unspent money back to claim whats rightfully yours!

    Recommended Reading: Where To Buy Pacsun Gift Cards

    Accept The Gift Card Offer

    Gift Card Exchange pays up to 85% of the value of the gift card, but the amount of the offer you get will depend on the popularity of the gift card. Grocery store, gas station and large department store gift cards such as Target or Walmart generally fetch higher resale values than gift cards to smaller retailers. Though your experience may be different , we sold a $25 Best Buy gift card for $16.25.

    Heres a Tip! You can choose to accept the offer. Once you successfully enter the card information, the Gift Card Exchange machine will make you an offer for the card. If you are happy with the amount offered, then select Accept. If not, select Decline. Youre not obligated to complete the transaction until you accept the cash back offer.

    American Express Gift Cards

    YOU ASKED FOR IT! MORE APPS THAT GIVE FREE GIFT CARDS AND CASH! | Deal Finding Diva

    A sure winner in the office setting, these are accepted everywhere American Express is accepted. They are good gift options for your employees, as well as friends and family. The one drawback is the purchase fee that is involved in each one you buy at your local drug store or supermarket. Besides locally, you really can only get them through the American Express Gift Card webpage. See American Express Gift Card savings and coupons.

    Recommended Reading: Fandango Gift Card Remaining Balance

    How Do I Get A Prepaid Card

    Depending on which card you want, there are a few different ways you can apply.

    • In-store Some retailers, like Walmart, allow you to purchase and load money onto a new prepaid card.
    • Online Many prepaid cards allow you to apply through their websites.
    • At a branch Some banks, like Chase, offer prepaid cards that you can apply for at your local branch.

    Can You Buy Gift Cards With A Credit Card

    Yes, you can buy gift cards with a credit card. Most retailers will accept them, but your issuer may or may not let you earn rewards for this purchase, so make sure to check the stipulations regarding gift card purchases on your account beforehand. According to CNBC, up to $3 billion worth of gift cards goes unused every year. So while your loved ones may not be making the most of their gift card redemptions every holiday season, you can do your research and rest on the satisfaction that you at least received your credit card rewards from the purchase.

    You May Like: Lush Gift Cards

    What You Need To Know About Gift Cards

    A gift card can be used to buy certain products and services. There are many types of gift cards, but the most common ones are:

  • Online, digital, or e-gift cards
  • Plastic or physical gift cards
  • Some cards can be reloaded, while others can only be used once to their fixed value. People often use a gift card to buy something that costs less than the total amount on the gift card, so a few dollars remain unspent. Amounts as low as that cant buy anything in the store, but you may be able to get that money back.

    Are Prepaid Cards A Bad Idea

    10 Best Gift Cards for your Dollar

    Prepaid cards can make sense in certain situations for example, if you dont have a checking account or you just dont want the temptation of using credit.

    But there can be downsides to prepaid cards. One major downside? The relatively high fees just for holding, loading, or even withdrawing money from the card. And you wont build credit by using a prepaid card. If youve already got a bank account, or think you might be interested in opening one, consider your alternatives instead.

    Read Also: Can You Add Visa Gift Cards To Apple Wallet

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