7 Money-Saving Gift Card Tricks You Should Know

Gift cards
smile23 / Shutterstock.com

Gift cards are a way of life in America. And if you know the right secrets, you can buy gift cards for less than you may realize is possible — not to mention getting them for free.

You can also make gift cards pay off to a greater degree than you likely realize.

Following are gift card hacks that every savvy shopper should know.

1. Buy gift cards at wholesale clubs

wholesale club
Cassiohabib / Shutterstock.com

Wholesale clubs sell certain gift cards at a discount. For example:

2. Buy and sell gift cards at discount gift card sites

Gift card
Andrey_Popov / Shutterstock.com

Buying a gift card at a discount gift card website — such as Raise.com — is another great way to boost your savings, as you can buy gift cards for less than their face value.

You can also sell your unwanted gift cards at such sites, which are essentially platforms that enable folks with unwanted gift cards to sell them to savvy shoppers.

3. Buy restaurant gift cards in spring or fall

seniors dining
Monkey Business Images / Shutterstock.com

Each holiday season, scores of restaurants offer to give you free bonus gift cards when you buy a gift card at the regular price. That makes the holiday season of November and December the perfect time to stock up on these cards.

The lead-up weeks to Mother’s Day (coming up on May 10), Father’s Day and spring graduation season are also a good time to get a good deal. For recent examples, check out “13 Major Restaurants Offering Gift Card Freebies Right Now.”

4. Get free gift cards for doing tasks

Woman working in a home office
Uber Images / Shutterstock.com

The rewards program Swagbucks and others like it offer free gift cards for simply searching the web, answering surveys or completing other online tasks that you likely already do anyway.

To learn more, check out “5 Ways to Score Free Gift Cards and Cash in 1 Place.”

5. Cash out rebates in gift cards at Ibotta

online
pickingpok / Shutterstock.com

The Ibotta app allows you to get cash rebates for purchases.

When you’re ready to cash out, you can receive your earnings via PayPal or Venmo. But if you prefer, you can get paid in gift cards — to Walmart, Target, iTunes and Sephora, among others — instead of cash.

6. Use the Target trade-in program

Northfoto / Shutterstock.com

Did Aunt Edna give you a gift card to a retailer you don’t really like? Take it to a Target store that participates in the retailer’s trade-in program. There, you can trade that card for a Target gift card that you can use in stores or online.

To find out which Target stores participate in the trade-in program or which retailers’ gift cards Target accepts for trade, visit the program’s webpage.

Click here to learn more about Target and gift cards.

7. Exchange gift cards for cash in some states

cash
Lukas Blazek / Shutterstock.com

Several states have laws that require merchants to give you cash for the remaining balance on merchant-issued gift cards upon request, according to GiftCards.com.

Just note that the remaining gift card balance threshold — and other circumstances for cashing out gift cards — varies from state to state.

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

Read Next
10 Bad Money Habits That Are Robbing You Blind
10 Bad Money Habits That Are Robbing You Blind

Here’s how to change those bad behaviors.

Prepare to Pay More for These 31 Drugs in 2021
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.

10 Common Ways Seniors Get Scammed
10 Common Ways Seniors Get Scammed

Here’s what to watch for to make sure you don’t fall prey to some of the biggest rip-offs targeting seniors.

This Pastime Can Keep Your Brain Sharp as You Age
This Pastime Can Keep Your Brain Sharp as You Age

It’s never too late to benefit from taking up this type of activity.

5 Countries Where You Can Retire on $2,000 a Month or Less
5 Countries Where You Can Retire on $2,000 a Month or Less

These tips on retiring overseas come from someone who’s been helping American expats for decades.

View this page without ads

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

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco
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.

How to Buy Gas At Costco Without a Membership
How to Buy Gas At Costco Without a Membership

The warehouse club often has some of the cheapest gas in town. Here’s how you can get it as a nonmember.

10 Things to Stop Buying If You Want a Clutter-Free Home
10 Things to Stop Buying If You Want a Clutter-Free Home

If you like to keep things simple, avoid these purchases.

Prices Are Soaring on These 7 Items
Prices Are Soaring on These 7 Items

Some surprise price jumps are making life more difficult for consumers.

A Simple Way to Silence Robocalls Today
A Simple Way to Silence Robocalls Today

A few steps can keep your phone from ringing when a spammer calls.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

This iconic dinnerware is prized for everyday use as well as reselling for profit.

This Company Makes the Best Tires in America
This Company Makes the Best Tires in America

Driver satisfaction with tires is at an all-time high, but one brand stands out.

This Health Issue Can Hint at Dementia Years in Advance
This Health Issue Can Hint at Dementia Years in Advance

One type of pain is especially associated with cognitive decline.

Can I Switch to Spousal Social Security Benefits When My Ex Dies?
Can I Switch to Spousal Social Security Benefits When My Ex Dies?

Knowing when to claim can help you maximize benefits.

Medicare Will Not Cover These 6 Medical Costs
Medicare Will Not Cover These 6 Medical Costs

Don’t let these health care expenses catch you off guard in retirement.

7 Home Improvements That Cost a Lot More in 2021
7 Home Improvements That Cost a Lot More in 2021

These projects will take a bigger bite out of your budget than in the recent past.

8 Things You Should Always Buy on Amazon
8 Things You Should Always Buy on Amazon

The giant retailer shines when it comes to these things, from basics to hard-to-find specialty goods.

Beware This Hidden Ingredient in Rotisserie Chicken
Beware This Hidden Ingredient in Rotisserie Chicken

Something foul may lurk in those delicious, ready-to-eat birds.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

5 Ways to Fill Your Pantry With Free Food
5 Ways to Fill Your Pantry With Free Food

Anyone can take advantage of these resources.

5 States With the Worst Health Care for Retirees
5 States With the Worst Health Care for Retirees

All of these states are located in the same region of the nation.

7 Big Purchases You Should Never Make
7 Big Purchases You Should Never Make

Sometimes a big-ticket purchase is nothing more than a big waste of money.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

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

6 Reasons You Should Stop Hiding Cash at Home
6 Reasons You Should Stop Hiding Cash at Home

Stashing money around the house is anything but harmless.

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.