The World of Unused Gift Card Trading

Posted in: I'm Moving, Organization

When I moved into my first home, I was overwhelmed with the amount of love and generosity from my family and friends. These special people in my life volunteered their time to help me unpack, brought over meals to get me through the first week and came bearing lots of generous gifts. Every meal, minute, and gift meant the world to me because it made my transition far less stressful, and a lot more special.

Probably the most common gift that I received during this time was an assortment of gift cards. Amazon, Target, Best Buy, Lowe’s, HomeGoods, Chipotle – my collection of gift cards was exploding from my wallet as my heart was exploding with gratitude. But there was just one problem…

The problem: Unused gift cardsdiy_giftcard_holder_moving_box-001 2 copy

Looking back now three years later, those gift cards were the perfect way to help me purchase some homeowner necessities that I didn’t necessarily have the budget for at the time. But if I’m being completely honest, there are a few gift cards that I still haven’t used (terrible, I know!)

person-woman-apple-hotel copy

So I did a little research to figure out how I can swap some of my old gift cards for other gift cards that I’ll actually use. I also researched how I could sell these unused gift cards for cash! I was surprised to find out that there are actually several apps and websites that will help you do just this, which we’re presenting below:

1. RaiseScreen Shot 2016-07-28 at 9.41.41 AM

Raise is a website that allows you to both buy and sell gift cards. It’s designed much like Craigslist or eBay, where you post your current gift with an asking price. For example, your gift card may be worth $50 but you can choose to sell it for $48 in cash. When you sell your gift card, you can either take that money to purchase a different gift card on the site (to make up for that $2 you lost), OR you can collect the cash via Paypal.

2. Cardpool

Screen Shot 2016-07-28 at 9.31.05 AMCardpool also allows you to buy or sell gift cards just the same. However, this website will give you a direct quote for your specific card rather than the option to try to sell it on the site. You specify where the gift card is from and how much it is worth, and Cardpool will give you an instant quote for cash back. You can then choose to send it in electronically, or mail it in, which comes with free shipping and guaranteed protection.

3. Gift Card Granny

Screen Shot 2016-07-28 at 9.44.36 AMGift Card Granny is unique in that this site allows you to choose whether you want to list the gift card for others to purchase on their site, OR sell it directly to Gift Card Granny based on the quote they give you. The site notes that you can get up to 92% cash back on your unused cards and can purchase discounted gift cards for up to 67% off.

4. Gift Card Wiki

Screen Shot 2016-07-28 at 9.38.38 AMIf you’re into data and tracking the trends of the market, Gift Card Wiki is for you! Much like the others, this website allows you to buy and sell, but Gift Card Wiki is unique because it offers the past three months of historical data and trends in this market. You can compare the gift card markets over the past few months while also comparing rates for your gift card’s specific merchandiser. This site also allows you to set alerts based on specific criteria that you set-up in advance (i.e. market changes, merchandiser alerts, gift card criteria, etc.)

Instead of letting some of those gift cards waste away, one of these sites will finally get them out from your drawer. Trust us, once you convert that credit into money towards one of your favorite stores, you’ll never feign excitement over a gift card ever again!

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