3 Ways to Convert Unwanted Gift Cards Into Cash or Equivalents

Photo by Andrey_Popov / Shutterstock.com

Gift cards have been the most popular type of present for more than a decade now, as we reported last year. So there’s a good chance you received one for the holidays — perhaps one you didn’t even want.

If you’re looking to learn how to turn gift cards into cash, don’t fret. There are multiple great ways you can get cash for gift cards that will otherwise go unused. Here are three:

1. Sell it

Online marketplaces like Cardpool.com or Raise.com enable folks with unwanted gift cards to sell them to other consumers.

This is one of few ways to get cash out of a gift card. The tradeoff is that you’re selling your gift cards for a little less than their face value — that’s why other folks are willing to buy them.

Just note that each gift-card exchange has different procedures, such as for selling and paying out. So read the rules first.

2. Trade it in

If you would prefer a Target gift card to the one you received, take your card to a Target store that participates in Target’s gift card exchange program.

Even if you’ve already used part of the gift card balance, you can exchange the remaining balance for a Target gift card.

3. Regift it

You can regift an unwanted gift card if you don’t wait too long.

Generally, a gift card is valid for at least five years from when it was purchased, according to the National Conference of State Legislatures. But inactivity fees can kick in after one year.

Alternatively, you could use an unwanted gift card to purchase a gift for someone else.

What is your favorite method for how to turn gift cards into cash? Let us know below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
11 Secret Uses for Everyday Items That Save Money

These are simple solutions for life’s irritations.

7 Hobbies That Help You Live Longer

Research shows some hobbies can add years — or even decades — to your life.

10 Common Expenses That Have Skyrocketed for Seniors

Retirees must stretch their dollars further and further these days — no thanks to these costs.

7 Kitchen Gadgets That Make Healthy Cooking a Breeze

These small appliances and cooking aids make healthy eating easy — and they’re all available on Amazon.

26 Work-From-Home Jobs That Pay $100,000

These lucrative gigs let you work in your slippers.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
If You Find This Thrift Shopping, Buy It

Whether you resell it for a big profit or add it to your own wardrobe, this type of clothing is a hidden steal.

10 Things Frugal People Never Buy

If you’re a true tightwad, the mere thought of spending money on these items gives you the willies.

7 Social Security Benefits You May Be Overlooking

There’s more to Social Security than retirement benefits.

This Simple Mistake Might Weaken Your COVID-19 Vaccination

Avoid doing this before you get vaccinated.

10 Cars You Are Most Likely to Keep for 15 Years

The cars that owners hold onto the longest have one thing in common, a new study shows.

3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

The 6 Best Investing Apps for Beginners

If you’re looking to ease into investing in the coronavirus economy with just a little money, check out these easy-to-use tools.

7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

Taking a Multivitamin? Here’s Why You Should Reconsider

A new study has bad news for the millions of Americans who spend money on multivitamins.

13 Amazon Purchases We Are Loving Right Now

These practical products make everyday life a little easier.

11 Products Now in Short Supply Due to the Pandemic

Many goods we take for granted have become tough to find in 2021.

9 Things You Should Never Leave in a Car

Thinking of leaving these possessions in a car? Prepare for unexpected consequences.

9 Mistakes People Make When Cleaning With Vinegar

Cleaning with vinegar can save you a lot of money, but using it like this can cost you.

8 Things You Should Replace to Improve Your Life Today

Being frugal isn’t smart if you put off replacing these items.

10 Deep Discounts Available on Amazon This Friday

These items are all steeply discounted — but the deals won’t last long.

10 Things Successful Retirees Do Differently

These habits and characteristics can help put you on the track to success.

7 Income Tax Breaks That Retirees Often Overlook

Did you realize all these tax credits and deductions exist — or that they apply to retirees?

Prepare to Pay More for These 31 Drugs in 2021

More than 700 prescription medications have seen price hikes so far this year. Here’s a look at the worst.

7 Costly Health Problems That Strike After Age 50

As we age, our bodies wear down. Here is how to cut costs associated with some common ailments.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.