Should You Sell a Gift Card?

January 2, 2013 | By | Comments (3)

Didn’t know what to get your kid’s teacher? Your coworker? Your Secret Santa? Chances are, you bought someone a gift card. And while you probably thought you couldn’t go wrong with such an easy, crowd-pleasing gift, according to Yahoo! data, searches for “sell gift cards” are off the charts this week. So, does it make financial sense to sell unused gift cards?giftcards-illustration_300

Sites like Cardpool.comGiftCardRescue.com, and PlasticJungle.com all offer you cash for your cards, but they will take a percentage of the card’s value. Bottom line: If you know you’re never going to use the card, it is better to get some compensation than to let it become part of the $2 billion in gift-card balances that go unused every year.

Illustration: Papercut.fr

COMMENTS

  1. Rosemary / RomanticMarriage.org

    Or you could re-gift the card to someone who would appreciate it.

    January 7, 2013 at 11:43 am
  2. findkenya

    Thats a nice gift, i will try it will my kids teacher

    January 7, 2013 at 1:03 pm
  3. Jon Smith

    I have used these sites and they are a good option. I also like http://www.morphcard.com because they let you exchange gift cards for other gift cards. Just another option.

    January 7, 2013 at 3:35 pm

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