Don't Let Those Gift Cards Go to Waste!
Receiving a gift card can be a treat, but what happens when that gift card is for a store you never shop at, or it's for a ridiculously small amount that doesn't cover much? We’ve all been there. Those seemingly "useless" gift cards can quickly become clutter. But don't despair! There are several smart and practical ways to get some value out of those unwanted plastic rectangles.
Why Do Gift Cards Become "Useless"?
Several factors can contribute to a gift card feeling less than useful:
- Store Specificity: The card is for a retailer you don't frequent or that isn't conveniently located.
- Low Balance: The remaining balance is too small to purchase anything significant, leading to it being forgotten.
- Expiration Dates: While less common now due to legislation, some older cards might have expiration dates or inactivity fees that diminish their value over time.
- Change in Preferences: The gift was well-intentioned, but your tastes or needs have changed.
Here's Your Action Plan: Turning "Useless" into Useful
1. Sell Them Online for Cash
This is often the most popular and straightforward method. Several reputable online platforms specialize in buying unwanted gift cards. You typically won't get the full face value, but you can recoup a significant portion of it in cash. The percentage you receive depends on the retailer and the demand for that particular card.
- How it works: You enter the details of your gift card (retailer, balance) onto the platform. They'll give you an offer. If you accept, you'll ship the card or enter the number and PIN online. Once verified, you'll receive payment via PayPal, check, or direct deposit.
- Popular platforms:
- Raise.com
- CardCash.com
- Gift Card Granny (which compares offers from various buyers)
- ABC Gift Cards
- Tips for selling: Research different platforms to compare offers. Be prepared to get between 70% and 90% of the card's value, depending on the retailer.
2. Trade Them In for a Different Card
Some services allow you to trade your unwanted gift card for a gift card to a retailer you *do* want. This can be a good option if you'd rather have a different store credit than cash.
- How it works: Similar to selling, you'll enter your gift card details. The platform will then offer you an exchange for a card of equal or similar value from a different retailer.
- Where to look: Gift Card Granny often aggregates these types of trades as well.
3. Use Them on Consignment or Resale Sites
While less common for small amounts, if you have a higher-value gift card for a niche retailer, you might be able to list it for sale on platforms like eBay or Facebook Marketplace. Be cautious and ensure you're following the platform's guidelines for selling gift cards.
4. Swap with Friends or Family
This is a simple, no-cost option that relies on your social network. If you have a gift card to "The Coffee Bean" but prefer "Starbucks," and your friend has the opposite situation, a direct swap is a win-win.
- How it works: Just ask around! You might be surprised who has a card they'd rather trade.
5. Donate Them to Charity
Many charities are happy to accept gift cards, especially for grocery stores, gas stations, or general merchandise retailers. This is a fantastic way to help others and feel good about it, and you may be able to claim a tax deduction for the donation.
- How to find charities: Check the websites of local shelters, food banks, or organizations that support specific causes. Many will have a section on their donation page listing accepted items or gift card needs.
6. Combine Small Balances
If you have multiple small gift cards for the same retailer, you can often combine them to reach a usable balance. Some retailers allow you to do this over the phone or in-store.
- What to do: Visit the retailer's website or call their customer service to inquire about their policy on combining gift card balances.
7. "Make It Work" for You
Sometimes, the easiest solution is to force yourself to use the card, even if it's not your first choice. Think of it as an opportunity to try something new or buy an item you might not otherwise purchase.
- Example: If you have a $10 gift card to a clothing store, consider it for a pair of socks, a new lipstick, or a small accessory. Every little bit counts!
8. Check for Retailer Buyback Programs
Occasionally, retailers themselves might offer a buyback program for their own gift cards, though this is less common and usually involves store credit rather than cash.
FAQ: Frequently Asked Questions About Useless Gift Cards
How can I find out the exact balance on my gift card?
Most gift cards have a website or phone number printed on the back. You can visit the website and enter the gift card number and PIN, or call the customer service line to check your remaining balance. This is a crucial first step before deciding what to do with it.
Why are some gift cards worth more on resale sites than others?
The value of a gift card on the secondary market is determined by supply and demand. Gift cards for popular retailers that people frequently shop at (like Amazon, Walmart, or Target) are in high demand and will fetch a higher percentage of their face value. Conversely, cards for less popular or niche stores might sell for a lower percentage.
Are there any fees associated with selling or trading gift cards?
Yes, most platforms will charge a fee for their service. This fee is usually deducted from the amount you receive. The specific fee structure varies by platform, so it's important to compare offers and understand the total payout you'll receive after all deductions.
Can I sell expired gift cards?
Generally, no. Once a gift card has expired, it's no longer valid and holds no monetary value. However, consumer protection laws in many states have made it illegal for gift cards to expire within five years of purchase, and many also prohibit inactivity fees. Always check the terms and conditions on your specific card and be aware of your state's laws.
