How to Turn an Unused Gift Card Into Cash

When you receive a gift card you don’t want, it might be worth your while to turn it into cash. There are several ways to do that, including using a website like CardSell or CardCash.

Another option is to trade the card for one from a store you do like. This is available online or at kiosks in some stores. 문화상품권현금화

Sell Your Gift Card

If you receive a gift card you’ll never use, there are several options to turn it into cash. Some websites allow you to sell your gift cards for cash or credit. These include Cardpool, Raise, and Giftcard Zen. Another option is to regift your gift card. If you have friends who might enjoy your unused gift card, put out the word on social media and someone is bound to step forward.

You can also bring your gift cards to a Coinstar exchange kiosk and get cash. This option feels safer and is much quicker than selling online.

Another option is to donate your unwanted gift cards to a charity. Services like CharityChoice let you choose from more than 2,500 charities, and some even accept gift cards. Plus, you’ll get a tax deduction if you itemize your deductions. This is an especially good option if you’re not interested in profiting from your unwanted gift card. But if you do, be sure to check with your local charity to ensure they accept gift cards.

Trade Your Gift Card

If you want to trade your gift card for cash, try using a website like CardCash or go to a kiosk in a retailer’s store. You’ll get a better value for the card by doing this than simply selling it, money-saving expert Andrea Woroch tells USA TODAY.

Online resellers like Raise and CardSell allow you to list your card on their marketplace and accept a variety of payment methods including PayPal, ACH and check. But note that they take a cut of your earnings, and it can be difficult to find someone willing to pay the full amount for your card.

You can also use sites like Gameflip, which is focused on gaming and prides itself on being one of the safest places to sell a gift card online. But keep in mind that the exchange rate will be lower for this option, and you may have to wait a few days for your payment to arrive.

Donate Your Gift Card

If you’re not a fan of the restaurant, store or brand that your gift card represents, there are still options to avoid having it go unused. You can sell it for cash, trade it for a different product or give it to someone else to use.

Many states require retailers to give you cash for gift cards with balances under $10. This is especially helpful in cases where a retailer files for bankruptcy, as you’ll be able to get at least some of your money back.

Several sites, like Raise and CardCash, also let you donate your unwanted gift cards to charity. However, these donations may not yield the full value of your gift card, and there’s a chance you might be giving them to someone else who doesn’t even want them. In addition, both sites have been accused of performing a hard credit pull, which is not ideal for some consumers.

Use Your Gift Card

Gift cards are a great way to give someone else the gift of cash. However, if you end up with an unwanted gift card, you have several options to turn it into cash. You can sell it to a third-party website that specializes in buying and selling gift cards or you can exchange it for another card at a store you like.

You can also quickly transfer the funds to your bank account by linking a prepaid card to a service such as PayPal or Venmo. This allows you to use the card for your regular purchases while keeping the balance in one place.

Another savvy option is to invest the money. Many brokerage accounts accept gift cards, so you can grow your gift card balance by investing in stocks or mutual funds. This method is a bit risky, but could earn you an even bigger return than just cashing it out.