We spent over 85 hours researching the best gift card exchanges by looking at the amount of money each site will pay you to sell gift cards you don’t need. We also researched the discount you can get if you buy gift cards from the site. We made sure to include websites that allow you to swap your gift cards directly for other cards.
Best for Selling Gift Cards
Cardpool Visit Site
Best for Selling Gift Cards: Cardpool
You can sell your unwanted gift cards online for the most money if you sell them through Cardpool. This company reduces the hassle of selling your physical gift cards by providing a free shipping label for mailing in your plastic gift card or, depending on your card, letting you enter your card information into the site to exchange it without the hassle of shipping. You can also choose to have a check mailed to you. As long as your gift card has a balance higher than $10, you can sell it to Cardpool and get cash for your cards that are collecting dust.
Best for Buying Discounted Gift Cards
Raise Visit Site
Best for Buying Discounted Gift Cards: Raise
Raise has a large inventory of cards to choose from and plenty of search tools to help you find gift cards that are anywhere from 1 to 20 percent off, and sometimes higher. This website is user-friendly and makes buying discounted gift cards a straightforward process. You can search for both electronic and plastic cards, though you may have to pay extra charges when mailing and receiving physical cards. Raise has a mobile app for iOS and Android devices that lets you search for discounted cards on your phone, and you can drill down and search for cards that have the highest discounts.
Best for Trading Your Cards for Other Cards
CardCash.com Visit Site
Best for Trading Your Cards for Other Cards: CardCash.com
Although we refer to these services as gift card exchanges, most of them simply pay you cash for your unwanted cards. When you trade through CardCash.com, you have the advantage of trading for a physical or electronic card from a different retailer. CardCash still won’t give you the full value of your card, but you can trade a $50 gift card for around a $40 card from another retailer. The exchange rate depends on the popularity of the cards you’re trading in and getting back.
Maximizing Returns on Gift Card Exchanges
Selling your gift cards in person gets you cash right away and you won’t have to wait for a company to receive your gift card in the mail before you get your payment. However, most people sell their gift cards online because you can get higher returns and it can be hard to find a physical store that buys gift cards. Monster Gift Card is one of the few services we researched that has physical locations that will give you cash for your cards.
One feature to be aware of is mobile gift cards, which are only offered by some websites. A mobile gift card consists of a code that displays on mobile devices, and it generally works the same way a plastic gift card would at any store. It combines the best features of standard and electronic gift cards. GiftCards.com has a simple search where you can find eGift cards directly from its site.
Each site has its own set of restrictions. Most have different maximum and minimum exchange amounts, which can be troublesome if you’re trying to sell either a low- or high-balance gift card. Generally, your card has to have a minimum balance of $10. The maximum amount varies from site to site but is somewhere between $200 and $400. Some sites have buying and selling fees that can take a substantial percentage of your payment. The best services do not have these restrictions.
After you have sold your card, most sites will give you a few different payment options, including cash, check, PayPal, Amazon gift cards or company credit. Some, like CardCash, will allow you to exchange one gift card for another.
If you do not find the gift card you’re looking for, most sites allow you to sign up to be notified when that card is available. Additionally, look for sites that offer free shipping. Whether you are buying or selling gift cards, companies will often pay for shipping or reimburse you. Many sites even offer bulk buying and selling programs where you can purchase a large quantity of cards at even more discounted prices.
The best gift card exchange sites are the ones with the highest variety of merchants. However, without an effective filtering process, finding a specific gift card can be nearly impossible. Most sites have a general search engine and a retailer search option so you can find a specific card. Some sites take it a step further and offer searches by category, price and discount. The more search options, the easier it is to find that perfect gift card.
All the websites we researched offer guarantees on your purchases. These guarantees confirm that, in the event something goes wrong like your card arrives without the advertised funds, you will get your money back. Besides looking for a money-back guarantee, we researched whether companies offer a FAQs page on their websites to address common problems and solutions. Additionally, the best sites have several different forms of communication. Whether they offer phone, email or an online contact form, you want to be able to contact the company with ease.
Your unwanted gift cards can do more than weigh down your wallet or collect dust in a drawer. By selling them to a gift card exchange service you have the chance to get something you want, which is what the person who gave you the card intended all along.
Did you get a gift card you don’t want? With these online sites, you can easily sell gift cards for cash. Compare your options to find the best price.
Did you ever receive a gift card to a store where you never shop? With the holiday’s behind us, you may be sitting on a lot of gift cards you may never use. One option is to re-gift them. But another option is to sell the gift cards online for cash.
Here are seven ways you can do that. If you’ve read our post, 9 Places to Find Discount Gift Cards, you’ll recognize most of these names. That’s because many of the same websites that sell discount gift cards also enable you to turn them into cash.
Also, only one of the services presented below is direct buyers. Rather, they are online platforms that enable you to either sell or trade your unwanted gift cards to/with other individuals. Think of them as something like an eBay for gift cards.
1. GiftCard Granny
You can buy discount gift cards through GiftCard Granny, but you also sell unwanted gift cards there too. In fact, GiftCard Granny gives you three ways to turn gift cards into cash.
The first is to sell it. You can use the platform to sell one or more gift cards through the top gift card websites on the web. You complete the screen below and then select the best offer that you receive on the card. They advertise that you can earn up to 92% cash back on the value of the card. This is also the fastest way to get paid for your cards.
The second is their “Name Your Price” option. You list your card on the site for a specific price and then await the buyer. This is a slower way to sell a gift card but usually results in the highest sale price.
Finally, the last option is to trade a gift card. Using this option, you trade the gift card that you have and don’t want, for another that you do. So you might trade the cash value of your card for Starbucks with someone else on the platform who is trading a Best Buy gift card with an equivalent cash value.
CardKangaroo offers two ways to turn gift cards into cash. The first is to sell the cards on the site. They advertise that, like GiftCard Granny, you can get up to 92% of the cash value of the card on sale. Selling a gift card uses a three-step process:
1. List your gift card for sale, and get offers
2. Mail in the gift card using their free shipping label
3. Get paid within 48 hours of receiving your gift cards
The second way is to list your card for a trade. You’ll determine which alternate gift card you want to trade for. Once you find someone who is willing to trade, you mail in your gift card, then wait 48 hours to receive the alternate gift card from the other party.
One of the advantages of working with Cardpool is that they allow you to sell electronic gift cards, not just the plastic kind. Many sites don’t allow you to sell these. You can get up to 92% cash back by selling your cards through the site, and payment is sent within one business day.
Payment can be provided by either an Amazon eGift Card delivered to your email address or by paper check mailed to you. But Cardpool has another advantage. They have physical locations around the country where you can bring your unwanted gift cards to exchange them for quick cash.
Raise.com claims that you can sell your unwanted gift cards in just 24 hours. They also enable you to sell store credits, which is a major plus if you returned an item and got a credit at a store that you don’t normally shop at.
Like other sites, you list your cards for sale, and you’re paid when the sale is completed. You can be paid by direct deposit, PayPal or a check.
Like the other sites listed here, CardCash enables you to list your unwanted gift cards for sale, to receive as much as 92% of the remaining value of the card. They also enable you to trade your gift cards, which they claim will result in 11% more to you.
6. ABC Gift Cards
ABC Gift Cards looks to be a sister site to CardCash, since they are identical in every respect, including the look of the website. The only difference between the two sites is the name of each.
ABC Gift Cards has the same terms for selling or trading gift cards as CardCash.
7. GC Spread
GC Spread is unique on this list because unlike the other sites, it’s not a gift card auction site. They actually act as a direct buyer of your unwanted gift cards. What’s more, when you offer your gift card, you set the price you expect to get.
The service will get back to you within 24 hours. If they don’t agree with your price, they will make a counteroffer. You can either accept or reject the counteroffer. If you accept it, you upload your ID and credit card details, then enter your gift card details electronically, or ship it to the GC Spread office in Chicago. Once received, it will be processed and paid.
So if you’ve gotten gift cards to merchants you don’t normally buy from, don’t throw them out or re-gift them. Instead, use one of the sites above to either get some cash on them or exchange them for gift cards from places you want to buy from.Topics:Personal Finance