Target Gives Store Credit for Gift Cards From Other Retailers

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

Tax Hacks 2017: Don’t Miss These 16 Often-Overlooked Tax BreaksTaxes

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Simple Money Moves to Make Before the New YearFamily

Target wants your unwanted gift cards. But are there other ways to get a better deal on those cards?

Target wants your unwanted gift cards.

The Minneapolis-based retailer has launched a gift card trade-in program. Shoppers can now turn over their unused gift cards from other retailers to Target stores and receive Target store credit on the spot — although they won’t get 100 percent of the card’s value.

The Minneapolis StarTribune reports that Target quietly began the program in most of its stores last month.

Target spokesperson Kristy Welker told the newspaper:

“We know guests sometimes have unwanted or unused gift cards and [we] want to give them a convenient option to put those unused dollars toward shopping at Target.”

The program is only available in participating stores. You can look up such stores on Target’s Web page for the trade-in program.

Target accepts gift cards from more than 600 brands. They include its competitors, like Kmart and Wal-Mart, and a variety of other types of companies.

Target describes trading in gift cards as a three-step process:

  1. Visit the Mobility Kiosk at any participating store and get a free instant quote.
  2. Securely validate the card value and confirm transfer amount.
  3. Get paid immediately with a Target Gift Card.

Target’s program isn’t necessarily the best way to get rid of an unwanted gift card, however. Shoppers should first check with online marketplaces that buy and resell unused gift cards.

For example, the StarTribune reports that Target said a $100 Wal-Mart gift card can be exchanged for an $85 Target gift card. But as of Tuesday, the gift card exchange website Cardpool.com, with which Target is partnering, was offering a check for up to $90.50 for the same Wal-Mart card.

What do you do with unwanted gift cards? Would you consider taking advantage of Target’s new program? Share your thoughts below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 12 Tips for Gracefully Returning Holiday Gifts

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,819 more deals!