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How to Exchange Gift Cards for Cash

November 2, 2017

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How to Exchange Gift Cards for Cash

November 2, 2017


The age of gift cards is upon us, and if it’s your birthday, graduation, Christmas, or any other gift-giving holiday or event, you might just be inundated with gift cards. While it’s nice to get a useful gift card—such as for Wal-Mart or Amazon—other gift cards can be downright useless…or so it may appear. If you don’t plan on using a gift card, consider the little-known alternative—selling your gift cards for cash. There are several online card-exchange websites, but you can look into places where you can sell gift cards for cash in locations near Somerville, NJ. Here’s how to exchange your gift cards for cash.


Know Your Gift Card’s Value


The value of your gift card does ride on how popular the merchant is; so, if you’re trying to unload a mass of obscure merchants’ gift cards, chances are you’ll be getting less than the face value of the gift card. It’s good to shop around to find out the approximate value of each of your gift cards before selling them. Checking various online card-exchange websites is a good place to start. Once you know how much the market is willing to pay, you’ll be able to identify where you’ll get the most cash for your gift card.


Know How You’re Getting Paid


If you’re selling your gift cards online, you’ll want to check—and double-check—how the purchaser will be paying you. Be sure to read reviews and check the legitimacy of the website you’re doing business with before sending off your gift cards. The last thing you want is to send a gift card you weren’t going to use in exchange for another gift card or store credit you’re not interested in either. If you’re in the Somerville, NJ, area, it may just be best to sell your gift cards for cash at a reputable establishment like Corner Cash Exchange.


Avoid Getting Personal


If you have been given a gift card that has your name on it, you might have a hard time selling it. When a gift card is personalized, it might make it difficult for the end user to put it to use. While this might not always be an issue, online card-exchange websites are unlikely to take that risk. Most of the time, they will outright reject a personalized gift card to avoid any issues that may arise for their consumers. With personalized gift cards, you might just have to do the unthinkable—actually use it.


Next time you get a bunch of gift cards, jump online or head down to your local card-exchange establishment and swap those gift cards for real cash. Instead of having to spend $100 at Applebee’s, you’ll be able to put that money to you wherever you may need it.


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