Redeem Unused Gift Cards: Making the Most Out of It
Most people dont know that it is possible to redeem unused gift cards into cash and other options. As you know, the popularity of gift cards as the perfect gift has increased. Most people find gift cards more convenient rather than purchasing tangible materials and wrapping them afterwards. However, in a recent conducted statistics, experts concluded that 10 to 15% of gift cards are not redeemed making it a disadvantage. But, with ample knowledge on how to redeem your unused gift cards, you can fully utilize it. Thus, this article will show you ways on how you can gain the most out of your unredeemed gift cards.
Trading gift cards
Exchanging gift cards is one way to redeem unused gift cards. This has become a popular trend nowadays. By visiting the website CardAvenue, you will be able to trade it with another type of gift card. All you need to do is to register and create a wish list of unredeemed gift cards.
One example is a Wal-Mart gift card that contains $50 value but you want another type of gift card such as Target card. You can add these cards to your wish lists. Other traders will then browse the website and notice your list. If they want your card and they have the card you want, you two can exchange cards. This makes a win-win situation for both of you.
Redeeming gift cards for travel miles
Another option you can do is to exchange unused gift cards into travel miles. This is best for individuals who are a frequent flier. How does this work? Some airlines such as United Continental provide gift card exchange to their frequent-flier program members. Depending on the gift cards retailer, miles can be added to Mileage Plus account. Dont worry; there are over 85 retailers that you can select.
Online selling of gift cards
Todays most popular way to redeem unused gift cards is through online selling. You would be surprised how many people would like to purchase unused gift cards. Bidding can be done in websites such as eBay and PlasticJungle. Most people opt for PlasticJungle because of higher bids. However, this store only accepts gift cards having value of not less than $25 and not more than $9,500. Most payments are received after 2 days via PayPal. You can either send the pin and gift car number online or mail the card.
Amazon.com also accepts MasterCard or Visa gift cards as payment. All you need to do is to input your gift card information and the funds are transferred in your account.
As you can see, there are many options you can opt for to exchange unused gift cards. Either way, you get the most out of it. You can also donate it to charities or re-gift it. In the process of re-gifting, gift cards with large amount of balance can be split into numerous cards. Thus, it is possible to re-gift it if youre in a tight budget.
With that being said, hopefully next years statistics would present better results in regards to unused gift cards. Knowing possible ways to redeem unused gifts cards makes it more valuable and convenient as a gift.