MEMPHIS, Tenn. (localmemphis.com) – Every year about one billion dollars worth of gift cards goes to waste. So what can you do with gift cards you don’t want or need? Trade them in.
Cardpool is one of the popular gift card exchanges online. It’ll buy your unused gift cards for cash.
A $50 Target gift card could get around $44 if you want cash. But you’ll have to wait until someone else buys it. You’ll get $46 if you trade it for an Amazon gift card.
Some store gift cards are worth more than others. A $50 Best Buy card is worth nearly $48 in cash. The same amount at Bath and Body Works is worth around $40. An instant Amazon gift card value of $36.75.
You can sell your card yourself at Raise. It’s a clearinghouse. Sellers list their cards and Raise takes a cut of what you get for it.
A $50 Best Buy gift card is for sale at full price. So you might get more money, but it may not be worth the hassle.
At Gift Card Granny, you can sell the $50 Target gift card for $40 or trade it in for another gift card at Amazon for $42.
Card Cash is the other re-seller. It’ll buy the card for $40, or trade you for a $42 Amazon gift card.
Another idea is to pay it forward and donate the card to charity. Your church may be able to put them to good use or a food mission.
You can also donate them to a charity of your choice at this website called Charitygiftcertificates.org. This organization will trade in used gift cards, and the money goes to your favorite charity.
The amount on the gift card is tax deductible.