Coinstar no longer allows redeeming gift cards for cash now that Coinstar Exchange has been discontinued.
Prepaid2Cash accepts maximum prepaid cards from MasterCard, Visa, American Express, and Discover, as well as physical and e-gift cards from many popular stores such as Starbucks, Walmart, and Best Buy. The Prepaid2Cash online page states that the gift card balance will need to be between $25 and $1,000 and the card cannot be limited in any way.
According to its website, Prepaid2Cash does not accept registered cards, non-transferable cards, promotional cards, paper cards, cards with inactivity fees, or product credits with an expiration date.
Cash App buys gift cards for cash.
Good etiquette is keeping a smile on your face when receiving gifts, even if it’s something you don’t need or can’t use. That said, billions of dollars in giveaways are returned every year.
Gift cards are a common offender: a less private (and less convenient) gift than cash. Wouldn’t it be wonderful if you could return the gift cards?Of course, according to a study by Bankrate, 47% of Americans have at least one unused gift card, and the average unused amount is $187 compared to the are.
Fortunately, you can, sort of. If you’re willing to give up a little value, there are simple tactics to turn gift cards you no longer need into cash.
There are many third-party internet sites that allow you to redeem gift cards for cash. Each works slightly differently, so the one you choose will depend on convenience and the gift card merchant.
Sites like Raise function as a marketplace with the burden of promoting the gift card falling on you. You’ll be able to decide the reduction point you need to apply to your card and see the reductions presented through others with similar gift cards. You may not receive cash until someone buys your gift card.
Increase fees by a 15% payment for the privilege of using your site to sell your card. In other words, the most productive return imaginable is 85 cents on the dollar.
This is a higher payout than many other sites, Reaise’s solid reputation is possibly worth it for some. After all, promoting gift cards for the first time can be a bit stressful. Raise offers two payment methods: ACH Direct Deposit and PayPal.
Other sites, such as CardCash, will save you from having to sell the card yourself. As soon as they receive your gift cards, they will pay you and take care of the resale themselves.
CardCash will give you up to 92% of the cash price of your cards. This is particularly higher than Raise, the yield particularly fluctuates from store to store. For example, at the time of writing, a $100 gift card at Walmart will earn you $86. 50, the Apple Store will earn you $72, and Microsoft will earn $63.
One of the most productive features of CardCash (and a credit to Raise) is that it doesn’t offer any possible options on which gift cards it will buy from you. It follows popular practices, such as refusing to sell gift cards with an expiration date. or promotional cards that can only be spent in certain areas. But the list of accepted investors turns out to be much longer than Raise’s. So even if your hard-to-understand gift cards don’t make a huge amount of money, at least get some.
CardCash also gives you the opportunity to redeem your gift cards for other chosen gift cards and get up to 11% more price than you just withdrew. Popular exchange features are Amazon, Target, and Wayfair. Swapping your existing gift card for an Amazon gift card (which has pretty much everything) can be as effective as money and a simple way to keep the price down.
Just as you can use sites like Raise and CardCash to sell your gift cards you no longer want, you can use them to buy other people’s gift cards at a discount. If you’re making plans to buy discounted gift cards from those sites, make sure you have a credit card that gives you the most productive return on your spending. Gift card marketplaces don’t fall into any bonus categories, so the most productive strategy is to spend on a card that gives you a respectable flat rate. On everyday purchases, such as:
Earn 2% on each of the acquisitions with unlimited 1% cashback when you buy, plus an additional 1% when you pay for the purchases. To get the money back, pay at least the minimum owed on time. Plus, for a limited time, get 5% full cashback on hotels, car rentals, and attractions booked through the Citi Travel℠ portal through 12/31/24.
Earn $200 cashback after spending $1,500 on purchases during the first 6 months of account opening. This bonus on offer will be supplemented by 20,000 ThankYou® points, which can be redeemed for $200 cashback.
$0
0% for the first 18 months on transfers; N/A for Purchases
19. 24% – 29. 24% variable
For balance movements made within four months of account opening, an introductory balance movement payment of 3% of the movement (minimum of $5) applies; After that, a move-in payment of the 5% move-in balance ($5 minimum) applies.
3%
Fair/Good/Excellent
See rates and fees. Terms and Apply.
Read our information about the Citi Double Cash® Card.
Get 4. 5% cashback on purchases at pharmacies and eating out places, adding eligible delivery and takeout services, 6. 5% cashback on purchases through Chase Travel, our premier rewards program that allows you to redeem rewards for cash back, Array gift cards, and more. and 3% cash back on all other purchases (up to $20,000 spent in the first year). After the first year or $20,000 spent, enjoy 5% cash back on purchases through Chase Travel, 3% cash back on purchases at pharmacies and restaurants at dining venues. , adding eligible takeout and delivery services, and 1. 5% unlimited cash back on all other purchases.
OFFER INTRODUCTION: Get an additional 1. 5% cashback on everything you buy (over a maximum of $20,000 spent during the first year) – up to $300 cash back!
$0
0% for the first 15 months from account opening on purchases and transfers
20. 49% – 29. 24% variables
Down payment of $5 or 3% of the transfer amount, whichever is greater, on transfers made within 60 days of account opening. After that, $5 or 5% of the transfer amount, whichever is greater.
3%
Excellent/Good
Member FDIC. Terms and Apply.
Read our Chase Freedom Unlimited® review.
Unlimited 2% cash rewards on purchases
Earn a $200 cash bonus after spending $500 on purchases in the first 3 months
$0
0% introductory APR for 15 months from account opening on eligible purchases and balance transfers; Balance transfers made within 120 days are eligible for the introductory fee
20. 24%, 25. 24% or 29. 99% variable APR on purchases and transfers
Introduction of 3% for the days from account opening, then BT payment up to 5%, minimum: $5
3%
Excellent/Good
See rates and rates, apply.
Coinstar no longer allows redeeming gift cards for cash now that Coinstar Exchange has been discontinued.
Prepaid2Cash accepts maximum prepaid cards from MasterCard, Visa, American Express, and Discover, as well as physical and e-gift cards from many popular stores such as Starbucks, Walmart, and Best Buy. The Prepaid2Cash online page states that the gift card balance will need to be between $25 and $1,000 and the card cannot be limited in any way.
According to its website, Prepaid2Cash does not accept registered cards, non-transferable cards, promotional cards, paper cards, cards with inactivity fees, or product credits with an expiration date.
Cash App buys gift cards for cash.
You can easily convert gift cards into cash (or more sought-after gift cards) through reputable sites like Raise and CardCash. The site you choose will depend on how simple it is to sell and the type of gift card you have. You may not get full price, but it’s still more expensive than leaving a gift card unused.
The next time you unwrap a completely boring gift card, you’ll be able to genuinely smile as you consider turning it into anything you really need with just a few clicks.
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