We’ve all gotten gifts that we don’t like. They are well intentioned, but we just have no use for them. We end up re-gifting them, selling them online or just throwing them away.
With gift cards being popular these days, you may wonder what to do with that gift card to a store that you’ll never visit. You may be a vegetarian who received a gift card to a steak house or maybe you received a gas card, even though you don’t own a vehicle. Whatever the case may be, you’ll probably want to get rid of that card and get something back for it.
You may or may not be aware, but there are plenty of websites that offer an eBay-style service for gift cards. Such sites typically offer payment in check and electronic form. They tend to pay higher sums via check, so that is your best bet on such sites if you have the time to wait.
Let’s explore how much you will receive for your gift card with various sites and some other factors that you may want to consider.
The table below shows the highest offer that you’ll receive for a $150 gift card to several major retailers through each of the mentioned websites. Hundreds of other gift cards to different retailers are also accepted on such sites, so these are just examples.
|Website||AMC Theatres||Apple Store||Barnes & Noble||Best Buy||Costco||Dick’s Sporting Goods||Lowe’s||Walgreens||Walmart|
As we can see, Cardpool either offers the highest offer or ties for the highest offer with 8 of the 9 mentioned gift cards. Given our example, below is the average percentage of the total value that you can expect to get back for a gift card with each website. Note that your results may be different if you have gift cards that are not mentioned here:
- Cardpool.com – 83.7 %
- GiftCards.com – 77.8 %
- Ibuygiftcards.com – 65.9 %
- Cardcash.com – 82.1 %
- ABCGiftcards.com – 82.1 %
- Giftcardrescue.com – 77.8 %
- Monstergiftcard.com – 76.8 %
Getting the most cash back for your gift card is probably your highest priority. However, there are other factors to consider before choosing which site will work best for you.
Some sites have gift card limits. They will not purchase gift cards past a certain dollar amount. In other words, if you want to sell a $20,000 gift card, you may have limited options.
Another factor is user-friendliness. If you are busy or just don’t like wasting time, a user-friendly site is key to keeping your stress to a minimum. The lower the number, the better – meaning that you won’t have to spend too much time figuring out how much you’ll get for your card. The table below shows, among other things, how I rank the user-friendliness of each site based on my experiences.
If the site mentions free shipping, I’ve noted it below, as well.
|Website||Limit||User Friendliness||Free Shipping?|
* Cardpool.com has a bulk sales department that handles orders over $5,000, so you may be able to get a higher limit.
I recommend using Cardpool.com. You’ll get the most value for your card and it is the most user-friendly site of it’s kind that I’ve seen. It’s $5,000 limit should cover most gift cards and the free shipping is a nice bonus, as well. This site also allows customers to redeem their gift cards for Amazon.com gift cards. The benefit of going this route is that they offer an additional 5 percent value for such cards. So, if they offer you a $100 check for your gift card, they’ll offer you a $105 Amazon.com gift card.
If this site doesn’t work for you, I suggest going with giftcardrescue.com. It doesn’t offer as much money for your cards as you’ll get with abcgiftcards.com or cardcash.com, but those sites require you to contact them to describe your order and wait a day or two for further instructions. In other words, you won’t have to drag this out over several days to get your end of the deal done with giftcardrescue.
So, check out these websites for the best deal on your unwanted giftcards. Shop around on the other sites, too, if you have the time. While you’ll probably get the best deal with cardpool, it can’t hurt to try to compare it to the other sites to make sure!