Gift cards can be a convenient and thoughtful way to give someone a gift, but what if you don't want what's on the card? Or what if you only want part of the value of the card? Can you get cash from a gift card?
The answer is: yes, you can get cash from a gift card, but it's not always easy. There are a few different ways to do it, and the best method for you will depend on the type of gift card you have and the amount of money you want to get.
The most common way to get cash from a gift card is to sell it to a gift card exchange website or kiosk. These websites and kiosks will typically give you a percentage of the card's value, usually between 50% and 90%. The amount you get will depend on the type of gift card you have, the amount of money on the card, and the exchange rate offered by the website or kiosk.
Cash from a Gift Card
Gift cards can be a convenient way to give someone a gift, but what if you don't want what's on the card? Or what if you only want part of the value of the card? Can you get cash from a gift card? The answer is: yes, you can get cash from a gift card, but it's not always easy. There are a few different ways to do it.
- Sell to a gift card exchange
- Use a gift card exchange app
- Trade with a friend or family member
- Redeem for cash at the store
- Buy something and return it for cash
- Use a gift card liquidator
- Sell on an online marketplace
The best method for you will depend on the type of gift card you have, the amount of money you want to get, and your personal preferences.
Sell to a gift card exchange
Gift card exchange websites and kiosks are businesses that buy gift cards from consumers for a percentage of their value. The amount you get will depend on the type of gift card you have, the amount of money on the card, and the exchange rate offered by the website or kiosk.
- Pros:
Gift card exchange websites and kiosks are usually the most convenient way to get cash from a gift card. They are easy to use and can be found in most major cities.
- Cons:
Gift card exchange websites and kiosks typically give you a lower percentage of the card's value than other methods. They may also charge a fee for their services.
- Tips:
When using a gift card exchange website or kiosk, be sure to compare the exchange rates offered by different providers. You should also read the terms and conditions of the exchange carefully before you sell your card.
- Alternatives:
If you don't like the exchange rate offered by a gift card exchange website or kiosk, you can try other methods, such as selling the card to a friend or family member or using a gift card exchange app.
Gift card exchange websites and kiosks can be a convenient way to get cash from a gift card, but it's important to compare the exchange rates and fees before you sell your card.
Use a gift card exchange app
Gift card exchange apps are similar to gift card exchange websites, but they are designed to be used on your smartphone. This can make them more convenient, as you can sell your gift card from anywhere with an internet connection.
- Pros:
Gift card exchange apps are convenient and easy to use. They also typically offer higher exchange rates than gift card exchange kiosks.
- Cons:
Gift card exchange apps may not be available for all types of gift cards. They may also charge a fee for their services.
- Tips:
When using a gift card exchange app, be sure to read the terms and conditions carefully before you sell your card. You should also compare the exchange rates offered by different apps.
- Alternatives:
If you don't like the exchange rate offered by a gift card exchange app, you can try other methods, such as selling the card to a friend or family member or using a gift card exchange website.
Gift card exchange apps can be a convenient way to get cash from a gift card, but it's important to compare the exchange rates and fees before you sell your card.
Trade with a friend or family member
If you have a friend or family member who wants the gift card you have, you can trade it to them for cash. This is a good option if you don't want to sell the gift card to a stranger or if you want to get more money for it than a gift card exchange website or kiosk would give you.
When trading a gift card with a friend or family member, it's important to be clear about the terms of the trade. This includes the amount of cash you will receive for the gift card and the date by which you will receive the cash. It's also a good idea to get the trade in writing, so that there is no misunderstanding later on.
Trading gift cards with friends and family can be a good way to get cash from a gift card, but it's important to be careful and to make sure that you are comfortable with the terms of the trade.
Here are some tips for trading gift cards with friends and family:
- Choose someone you trust.
- Get the trade in writing.
- Be clear about the terms of the trade.
- Don't trade gift cards for more than you are willing to lose.
Redeem for cash at the store
Some stores allow you to redeem gift cards for cash. This is typically only possible if the gift card has a low balance, such as less than $10. To redeem a gift card for cash at the store, simply go to the customer service desk and ask if they offer this service. If they do, they will typically ask you to fill out a form and provide your identification.
Redeeming a gift card for cash at the store is a good option if you only have a small amount of money on the card and you don't want to sell it to a gift card exchange website or kiosk. However, it's important to note that not all stores offer this service, so it's always best to call ahead or check the store's website before you go.
Here are some tips for redeeming a gift card for cash at the store:
- Make sure the store offers this service.
- Bring your gift card and identification to the customer service desk.
- Fill out the redemption form.
- Receive your cash.
Redeeming a gift card for cash at the store is a quick and easy way to get cash from a gift card, but it's important to make sure that the store offers this service before you go.
Buy something and return it for cash
If you don't want to use the gift card yourself, you can buy something with it and then return the item for cash. This is a good option if the store has a generous return policy and you are comfortable with the idea of returning the item.
- Pros:
Buying something and returning it for cash is a relatively easy way to get cash from a gift card. You can also use this method to get cash from gift cards that have a high balance.
- Cons:
Buying something and returning it for cash can be time-consuming and inconvenient. You also need to be careful not to damage the item when you are using it, as this may void the return policy.
- Tips:
When buying something to return for cash, be sure to choose an item that is easy to resell. You should also make sure that the store has a generous return policy.
- Alternatives:
If you don't want to buy something and return it for cash, you can try other methods, such as selling the gift card to a friend or family member or using a gift card exchange website.
Buying something and returning it for cash can be a good way to get cash from a gift card, but it's important to be aware of the pros and cons before you use this method.
Use a gift card liquidator
Gift card liquidators are businesses that buy gift cards from consumers for a percentage of their value. Unlike gift card exchange websites and kiosks, gift card liquidators typically buy gift cards in bulk. This means that they can offer higher exchange rates than other methods.
- Pros:
Gift card liquidators can offer higher exchange rates than other methods. They can also buy gift cards in bulk, which can be convenient if you have a lot of gift cards to sell.
- Cons:
Gift card liquidators may not be available in all areas. They may also have stricter requirements for the types of gift cards they will buy.
- Tips:
When using a gift card liquidator, be sure to compare the exchange rates offered by different providers. You should also read the terms and conditions of the sale carefully before you sell your gift cards.
- Alternatives:
If you don't like the exchange rate offered by a gift card liquidator, you can try other methods, such as selling the gift cards to a friend or family member or using a gift card exchange website.
Gift card liquidators can be a good way to get cash from a gift card, but it's important to compare the exchange rates and fees before you sell your cards.
Sell on an online marketplace
Online marketplaces, such as eBay and Amazon, allow you to sell gift cards to other consumers. This can be a good option if you want to get a higher price for your gift card than you would from a gift card exchange website or kiosk.
- Pros:
Selling gift cards on an online marketplace can be a good way to get a higher price for your gift card. It can also be a good option if you have a rare or unusual gift card.
- Cons:
Selling gift cards on an online marketplace can be time-consuming and inconvenient. You also need to be careful to avoid scams.
- Tips:
When selling a gift card on an online marketplace, be sure to take clear photos of the gift card and to describe the gift card accurately. You should also set a competitive price for your gift card.
- Alternatives:
If you don't want to sell your gift card on an online marketplace, you can try other methods, such as selling the gift card to a friend or family member or using a gift card exchange website.
Selling gift cards on an online marketplace can be a good way to get cash from a gift card, but it's important to be aware of the pros and cons before you use this method.
FAQ
Here are some frequently asked questions about getting cash from a gift card:
Question 1: What is the best way to get cash from a gift card?
Answer 1: The best way to get cash from a gift card depends on the type of gift card you have, the amount of money on the card, and your personal preferences. Some popular methods include selling the gift card to a gift card exchange website or kiosk, using a gift card exchange app, trading the gift card with a friend or family member, redeeming the gift card for cash at the store, buying something with the gift card and then returning it for cash, using a gift card liquidator, or selling the gift card on an online marketplace.
Question 2: Can I get cash from a gift card without paying a fee?
Answer 2: Yes, it is possible to get cash from a gift card without paying a fee. Some gift card exchange websites and kiosks offer fee-free services, and some stores allow you to redeem gift cards for cash without a fee. However, it is important to note that most methods of getting cash from a gift card will involve some sort of fee or charge.
Question 3: What is the maximum amount of cash I can get from a gift card?
Answer 3: The maximum amount of cash you can get from a gift card will depend on the type of gift card you have and the method you use to get cash. Some gift card exchange websites and kiosks have limits on the amount of cash they will give you for a gift card, and some stores may have limits on the amount of cash you can redeem from a gift card. If you are unsure about the maximum amount of cash you can get from a gift card, you should contact the gift card issuer or the store where you want to redeem the gift card.
Question 4: Can I get cash from a gift card that has already been used?
Answer 4: It is possible to get cash from a gift card that has already been used, but the amount of cash you will get will be reduced by the amount that has already been spent on the card. To get cash from a used gift card, you can try selling it to a gift card exchange website or kiosk, or you can try trading it with a friend or family member.
Question 5: What should I do if I lose a gift card?
Answer 5: If you lose a gift card, you should contact the gift card issuer immediately. The gift card issuer may be able to cancel the lost gift card and issue you a new one. You should also keep a record of the gift card number and the amount of money that was on the card, in case you need to file a claim with the gift card issuer.
Question 6: Can I use a gift card to buy another gift card?
Answer 6: Yes, it is possible to use a gift card to buy another gift card. However, this is not always allowed, and it may vary depending on the store and the type of gift cards involved. If you are unsure whether you can use a gift card to buy another gift card, you should contact the store or the gift card issuer.
These are just a few of the frequently asked questions about getting cash from a gift card. If you have any other questions, you can contact the gift card issuer or the store where you want to redeem the gift card.
In addition to the FAQ, here are some additional tips for getting cash from a gift card:
Tips
Here are some tips for getting cash from a gift card:
Tip 1: Compare your options. There are several different ways to get cash from a gift card, so it's important to compare your options and choose the method that is best for you. Consider the amount of cash you want to get, the type of gift card you have, and the fees and charges associated with each method.
Tip 2: Be aware of scams. There are a number of scams that target people who are trying to get cash from gift cards. Be wary of any offers that seem too good to be true, and never give your gift card information to someone you don't know.
Tip 3: Protect your gift card. Gift cards are like cash, so it's important to protect them from theft and loss. Keep your gift cards in a safe place, and make a copy of the gift card number and the amount of money on the card in case you lose it.
Tip 4: Use your gift card as soon as possible. Gift cards can expire or lose value over time, so it's important to use your gift card as soon as possible. If you don't plan on using the gift card right away, you can store it in a safe place and wait until you are ready to use it.
These are just a few tips for getting cash from a gift card. By following these tips, you can avoid scams, protect your gift card, and get the most value for your money.
Getting cash from a gift card can be a convenient way to turn an unwanted gift into cash. By following the tips in this article, you can get the most value for your gift card and avoid any potential problems.
Conclusion
Getting cash from a gift card is a relatively easy process, nhưng it's important to be aware of the different options and to compare your options before you choose a method. by following the tips and advice in this article, you can get the most value for your gift card and avoid any potential problems.
Here is a summary of the main points to remember:
- There are several different ways to get cash from a gift card, including selling the card to a gift card exchange website or kiosk, using a gift card exchange app, trading the card with a friend or family member, redeeming the card for cash at the store, buying something with the card and then returning it for cash, using a gift card liquidator, or selling the card on an online marketplace.
- The best method for you will depend on the type of gift card you have, the amount of money on the card, and your personal preferences.
- It's important to compare your options and to be aware of the fees and charges associated with each method before you choose a method.
- Be aware of scams and never give your gift card information to someone you don't know.
- Protect your gift card from theft and loss by keeping it in a safe place and making a copy of the gift card number and the amount of money on the card.
- Use your gift card as soon as possible to avoid the risk of the card expiring or losing value.
By following these tips, you can get cash from a gift card quickly and easily.