If you received gift cards on Christmas to restaurants or retail stores that you aren’t all that excited about, don’t shove them in a drawer. Sell the gift cards for cash or trade them in for the ones you really want. Selling the cards for between 80 – 90% of their face value on sites like Plastic Jungle or Cardpool is an easy way make extra money after the holidays.
Turn Your Gift Cards into Cash
Safe, secure, online companies like Cardpool and Plastic Jungle buy your gift cards and offer you instant payment through Paypal, an Amazon gift card or a check in the mail. Or you can choose to trade your card for a discounted gift card at hundreds of retailers nationwide. (read more about all three companies below)
Is it Worth it to Sell a Gift Card?
If you are never going to use it, sure it’s a great idea to sell the gift card and pocket the cash. You will lose a small percentage of the face value of your card when you sell it but there’s no value in a card that sits in a drawer and will never be used.
Additionally, you may have to spend money out of pocket when you use the card. It is 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.
Gift Card Resellers
Plastic Jungle: Sell gift cards from over 400 different retailers including Lands’ End, Macy’s, Pottery Barn, Old Navy, DSW and more. Enter the card information electronically and 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.