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Gift Card Exchange Options that Pay Cash
Here’s What to Do with Those Gift Cards You Don’t Want
Unwanted or partially used gift cards don’t have to go to waste. Learn how to exchange, sell, donate or repurpose them — plus tips to avoid scams.
Exchange gift cards online
Gift card exchange sites are websites where consumers can list their unwanted or partially used gift card for sale or shop for a discounted card from someone else. The downside? You might not get face value, especially if the gift card is from a less popular store or brand. At CardCash, gift cards can be purchased at a discount, sold or traded. Other gift card exchange sites include GCX, Raise and Gift Card Outlets. Apps like Prepaid2Cash also convert unwanted prepaid cards and gift cards into cash, but expect fees. Prepaid2Cash charges a 10-15% processing fee, plus $1.50 for delivery, depending on how quickly you want your funds.Get cash for your unused gift card balance
Check for state “cash out” laws that let you get cash for remaining gift card balances. For instance, in California, “any gift certificate with a cash value of less than ten dollars ($10) is redeemable in cash for its cash value,” according to the California Legislative Information website. California Legislative Information Check to see if your state has a similar law. If it does, you should be able to ask a retailer to trade the remaining gift card balance for cash if it’s under the threshold.A note about gift card exchange kiosks
In your search to find options to get money for your unused gift cards, you might come across the term “gift card exchange kiosks.” These kiosks, from brands like Coinstar and CardCash, allowed you to redeem gift cards for store credit or cash. They were typically found in malls, grocery stores, pharmacies and major retailers. However, most of these options are now defunct, likely due to the rise in more convenient online options. Although stores like Walmart and Target used to offer gift card exchanges, those policies no longer exist.Meet MoneyNerd, your weekly news decoder
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Make a trade or get creative with gift cards
Sometimes a simple trade with a friend, family member or coworker can be the easiest way to get a gift card for a store or service you like. You might also consider selling your gift card at a small discount to interested parties on Facebook marketplace or neighborhood groups. Just be sure to schedule the exchange at a safe location. If an exchange or trade isn’t possible, think of creative ways to make the money on the gift card count. You could use it to buy gifts for others — upcoming birthdays, holidays or teacher gifts are some options — or buy an item that you can resell for cash. If the unwanted gift card is for a larger retailer, you could use it to stock up on essentials.Donate your gift card to charity
Won’t use the gift card and don’t need the cash? You can regift the card or donate it to a good cause. CharityChoice, an organization operated by a nonprofit, works with CardCash to accept gift cards. You can donate the balance of an unwanted retail gift card to one of more than 2,500 charities through CharityChoice's Donate Your Card program . You'll also get a tax receipt. You also can try contacting charities directly to see if they accept gift card donations.Watch out for gift card exchange scams
Selling, exchanging or purchasing a card is convenient, but you should always read up on a site before transacting. Some ads from private sellers on sites like Craigslist promise fully loaded cards and deliver empty or mostly used ones instead. Look for a post-purchase guarantee to ensure cards are legitimate. The FDIC offers tips to avoid gift card scams, such as: Buy gift cards from sites you know and trust. Check that the codes and PIN have not be scratched off before purchasing a gift card. Read the fine print on your gift card. Check for an expiration date and any fees. Activate your gift card when you receive it, if possible. This may help if your card is lost or stolen.Want to give a gift card? Here are a few tips
Avoid placing your friends and family in a position where they need to map out a gift card exchange by selecting your gifts carefully. Aside from opting for a store you know they like, the Federal Trade Commission suggests taking the financial situation of the retailer into account. If a business files for bankruptcy, the gift recipient may not be able to redeem it. It’s also important to keep the receipt and give it — along with the gift card — so the receiver has the verification of purchase. Sometimes gift cards aren’t properly loaded at the register and when you go to use them, they appear empty. Having this verification of purchase allows the receiver to get the amount you designated. » MORE: Gift card vs. prepaid credit card, what's the better gift? » MORE:Meet MoneyNerd, your weekly news decoder
So much news. So little time. NerdWallet's new weekly newsletter makes sense of the headlines that affect your wallet.So much news. So little time. NerdWallet's new weekly newsletter makes sense of the headlines that affect your wallet.
So much news. So little time. NerdWallet's new weekly newsletter makes sense of the headlines that affect your wallet.