This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Turn Gift Cards Into Cash

NEW YORK (TheStreet) -- Chances are you received a gift card this holiday season; eight out of ten shoppers purchased at least one card this year. According to the CEB, an advisory company that tracks gift cards sales, over $118 billion in cards were sold in 2013. There are bound to be many consumers left with a card they may not want. After all, $1.7 billion in gift cards still went unused last year.

Let's look at a few potential ways consumers can sell their unwanted cards and avoid balance expiration. The first, and perhaps the easiest, is to sell your unwanted balances to one of the many online gift card exchanges. Companies like allow consumers to sell back cards for very reasonable prices.

Payouts vary depending on the merchant, but most of the cards will get at least 70 cents on the dollar. Some cards have higher than average payouts if demand for the merchant is high.

Maybe you were one of many consumers who got a Starbucks (SBUX - Get Report) Card this year and you're really not a big coffee drinker. CardPool will pay out 75 cents on the dollar if you choose to enter the card details online for instant payment via PayPal. You can even do a little better with the card if you mail it, or if you choose an Amazon gift card as payment. Starbucks cards return 80 cents on the dollar using the mail-in method, with an extra 5% bonus added if you choose the Amazon (AMZN - Get Report) payout.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AMZN $375.56 -2.71%
SBUX $47.62 -1.30%
AAPL $124.75 -1.13%
FB $80.78 -1.86%
GOOG $524.05 -1.83%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs