Inside: Find out the best places to sell gift cards and get something you actually want. It is the best way to get rid of unused gift cards and cards with balances remaining.
People try. Really, they do. And yet chances are you’ve received a gift card that you’ll never use. If you do have a gift card, or several, that you won’t use, you can sell your gift cards for cash and get something you actually want.
Why would you sell a gift card?
Whether it’s a significant other that is stumped for ideas, a relative that doesn’t realize the brick-and-mortar chain on the east coast doesn’t exist on the west coast, sometimes a certain gift card may not be the best fit for you.
Or perhaps everyone at work gets a bonus of a gift card to a ham-themed restaurant, even though anywhere from 10-25% of the employees are either vegetarian/vegan or don’t eat pork. (Yes, that happened)
When it comes to unused gift cards, you aren’t alone. Close to $1 billion of gift cards go unused each year.
Best places to sell gift cards
Have old gift cards sitting in a drawer? Now that you’ve found those gift cards you’re not going to use, it is time to figure out where to sell them.
Gift Card Granny
Gift Card Granny is a large gift card aggregator website. Besides selling new gift cards themselves, they offer a one-stop shop to buy or sell pre-owned gift cards for several other sites.
What this means is you can save a lot of time by comparing offers for your card from several different sites at once.
While at first glance Gift Card Granny looks like a site to only buy gift cards, if you look under their “More” menu, you will find the link to their Sell Gift Cards page. Here you can sell your unwanted gift cards for up to 92% cash back.
Payment methods at Gift Card Granny vary by reseller but may include check, PayPal, and ACH.
At Cardpool, you can sell your unwanted gift cards for up to 92% cash back.
Cardpool provides an option of selling your gift card on their Marketplace. Here, you set the desired payout, wait for your card to sell, then receive payment. This may mean a slightly larger payout (with a Marketplace listing) vs. a quicker payout.
Payments are made with Amazon eGift cards or a mailed paper check.
Cardpool also has an interesting option of having kiosks located around the country. You may have seen these as Coinstar gift card kiosks, though they are now owned by Cardpool. At these kiosks, you can sell your gift cards and get either cash back or a Visa gift card the same day. Offers are for up to 85% of the gift card value and the card balance must be between $15-1000.
If you do go to a physical location, be prepared to provide identification including a mobile phone number, drivers license or state-issued ID, credit or debit card, and an email address.
As with other gift card sites, CardCash offers cash back for your unused gift card balances. You may also opt to trade it in for a gift card to another select retailer to get a bit more money back on the trade.
The payment options with CardCash are by check, PayPal, ACH, or a trade.
CardKangaroo is another site that people seem to like for selling gift cards in return for a check, PayPal deposit, or trade for another gift card.
Raise takes a slightly different approach for users wanting to sell their gift cards.
Here the user lists their gift card at a price you are willing to sell it for. Once the gift card sells, Raise gets a 15% commission on the sale and the seller gets the rest through direct deposit, PayPal, or a check.
Yep. You can trade-in (but not sell) your unwanted gift cards at Target. There are a few things to note.
The first is that while most Target locations take part in the trade-in program, not all do. You can find a participating location near you. Also, not all cards are accepted, so check to see if your card is part of their program.
This is the “tricky” part. Do NOT go to customer service.
Instead, you need to head over to the Tech department and seek out an employee in a black (not red) shirt. These are Target Tech employees and are the only people that can handle the trade-in. Most other employees may not be familiar with the program.
The employee will scan your gift card and make an offer. At that point, you can choose to accept or decline. The offer will likely be the same you would receive at a Cardpool kiosk since Target partners with them for this program.
If you accept the offer, you will get a Target gift card in exchange. The employee will ask you to provide a phone number, photo id, and an email address for security purposes.
Like other kiosks, the trade-in value is likely to be lower than what you would get online, but you do get the Target gift card in exchange right away.
If you have unwanted gift cards, selling them is a great way to get a bit of cash so you can get something you actually want and can use. Or, use the cash to pay down some of your debts as a step toward better finances.
Where do you like to sell gift cards?