Selling Amazon Gift Cards
Selling Amazon Gift Cards - RayID: 7bf06a4c48cba023 IP: 36.82.97.81 Good etiquette is to always smile when accepting gifts - even if it's something you may not want or be able to use. However, hundreds of billions of dollars in prizes are returned each year. A common culprit is gift cards - a gift that is less personal (and useless) than cash.
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Selling Amazon Gift Cards
Wouldn't it be great if you could give back gift cards? After all, 47% of Americans have at least one unused gift card, according to CreditCards.com research, and the average unused amount is $175 per person. Fortunately, you can - sort of. If you want to part with a little cash, there are easy ways to turn unwanted gift cards into cash.
Money is important - so use it wisely. Get expert tips, tricks, news and everything you need to make more money straight to your inbox. Register here. There are a number of third-party websites that allow you to exchange gift cards for cash. Both work slightly differently, so which one you choose will depend on convenience - and sometimes the gift card merchant.
Sites like Raise act as a marketplace with the onus of selling the gift card placed on you. You can choose how much you want your card to discount, and you can check out discounts offered by others who have similar gift cards. You won't get paid until someone buys your gift card.
Can You Make Quick Cash Selling Amazon Gift Cards Online?
Lift charges a 15% fee for the privilege of using their site to sell your card. In other words, the best possible return is 85 cents on the dollar. This is a higher fee than many other sites, although Raise's solid reputation may make it worth the price for some.
Selling gift cards for the first time can be a little stressful, after all. Raise offers two payment methods: ACH direct deposit and PayPal. Other sites, like CardCash, will take the hassle out of selling the card yourself. Once they confirm the gift cards, they will pay you and resell themselves.
CardCash will give you up to 92% of the value of your cards. This is more like Raise -- though the yield fluctuates from one broker to the next. For example, at the time of writing, a $100 Walmart gift card will net you $86, an Apple store $80 and a Microsoft $65 negative.
One of the best features of CardCash (and the advantage it has over Raise) is that it is somewhat random about the gift cards it will buy from you. It follows standard practices, such as refusing to sell gift cards with expiration dates or promotional cards that can only be redeemed in certain areas.
8 Places To Sell Amazon Gift Cards Online Instantly
But it seems that the list of accepted traders is bigger than that of Raise. So even if the mystery gift cards don't bring you much profit, at least you'll get something. CardCash also gives you the option to redeem Gift Cards to select other Gift Cards and get 11% more value than you just checked out.
Popular trade-in options are Amazon, Target, and Wayfair. Exchanging your current gift card for an Amazon gift card (which has almost everything) can be as good as cash—and an easy way to save value. Just as you can use sites like Raise and CardCash to sell unwanted gift cards, you can use them to buy other people's gift cards at a discount.
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If you plan to buy discount gift cards through these sites, be sure to use a credit card that will give you the maximum return on your spending. Gift card markets won't fall into any reward category, so the best strategy is to spend on a card that gives you valuable cash back on everyday purchases, such as: 2% cash back: 1% on
all qualifying purchases and an additional 1. % after you pay your credit card bill 0% for the first 18 months on balance transfers; Not available for purchase For balance transfers completed within 4 months of account opening, a subsequent balance transfer fee of 3% of each transfer ($5) applies;
8 Places To Sell Amazon Gift Cards Online Instantly
After that, a balance transfer fee of 5% applies from each transfer ($5) and more; 3% cash back on drugstore and grocery purchases, including eligible pickup and delivery, 1.5% cash back on all other purchases Earn an additional 1.5% on all purchases (up to $20,000 spent at
beginning of the year) - Up to $300 cashback. That's 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on restaurants and pharmacies, and 3% on all other purchases. 0% for the first 15 months of account opening on purchases and balance transfers Upfront fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of opening
the account. After that, either $5 or 5% of the amount of each transfer, whichever is greater. Earn a $200 cash back bonus after you spend $500 on purchases in your first 3 months 0% introductory APR for 15 months from account opening on eligible purchases and balance transfers;
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Balance transfers made within 120 days are eligible for an intro rate of 19.74%, 24.74%, or 29.74% APR maximum APR on purchases and balance transfers 3% introductory fee for 120 days from account opening, then up to 5% ($5 A minimum) you can easily convert gift cards to cash (or better gift cards) through well-known sites like Raise and CardCash.
1. Raise
The location you choose will depend on the ease of sale and the type of gift card you have. You won't get full value for it, but it's better than giving up a useless gift card. The next time you open a gift card that isn't fun, you can show off a genuine smile as you prepare to turn it into something you love with just a few clicks.
Follow CNBC Select's in-depth coverage of credit cards, banking, and finance, and follow us on TikTok, Facebook, Instagram, and Twitter to stay updated. © 2023 Select | All rights reserved. Use of this site indicates acceptance of the Privacy Policy and Terms of Service. Gameflip is the easiest way to sell your unwanted Amazon Gift Cards for cash.
You can sell any unused, prepaid, non-reloadable cards on Gameflip. The most popular gift cards on Gameflip are Steam, PSN, Xbox Live, Amazon, iTunes and Google Play gift cards. Your Amazon Gift Card will be listed in front of thousands of potential buyers. To sell Amazon Gift Cards quickly, set the price between 2% and 15% of the original amount.
Depending on the popularity of your Amazon Gift cards, you may need to adjust your bids to attract buyers. Simply list your Amazon Gift Card using our website or free mobile app. We recommend choosing automatic delivery for a quick and smooth transaction. After the buyer receives your git card token, redeems and completes the transaction via credit, the proceeds of the sale are immediately deposited into your Gameflip wallet.
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