Need extra money? Sell the gift cards that are cluttering up your drawers. While gift cards make great presents for birthdays, graduations and holidays, they often go unused. Selling the cards for between 80 – 90% of their face value on sites like Plastic Jungle and Cardpool is a smart way to put some extra cash in your pocket.
How to Turn Your Gift Cards into Cash
There are several ways to unload your unwanted gift cards. You will lose a little of the face value when you sell them, but it’s likely you would have spent more than the value of the card if you actually used it.
Keep in mind, it’s very difficult to take a $25 gift card to a restaurant or retail store and spend exactly $25 — most people end up spending extra money out-of-pocket because the card didn’t cover the entire purchase. That makes selling a $25 card for $20 a decent deal — especially if you’re strapped for cash and don’t really need to shop or go out to eat.
Plastic Jungle: You can sell gift cards from over 400 different retailers and there are a variety of payment options. Enter information about your card and you will be given an offer and a pre-paid shipping label to mail it out in if you accept the offer. There is also an instant payment option (via Paypal) if you a card from a list of 35 popular retailers like Land’s End, Macy’s, Pottery Barn, Old Navy, DSW, Nordstrom and more.
Once the balance is verified, you will get a cashiers check by mail or an instant payout into your PayPal account. You can also opt for a higher payout and get an Amazon gift card. Read more about Plastic Jungle here.
Cardpool: Sell your gift cards and get up to 92% of the face value of your card. Sell your gift cards electronically – no mailing required, or mail your gift cards using a free shipping label. Get a check within 24 hours. Read more about Cardpool here.