So you got a bunch of gift cards for a birthday or special event, but they’re all to places you never shop. Now what? If you’ve found yourself in this position, you’re not alone. Thousands of people each year find themselves saddled with gift cards they can’t or don’t want to use – and many of them simply go to waste instead of being taken advantage of.
Luckily, there’s another option.
By exchanging gift cards for cash, you can secure a chunk of fun money for whatever you want to use it on, instead of being stuck with a handful of gift cards that aren’t any use to you.
5 Smart Reasons to Exchange Gift Cards for Cash
Regardless of whether or not you’ve ever done it before, exchanging gift cards for cash is a great way to get the most out of your cards quickly and easily. Here are five smart reasons this move might be the right one for you:
1. Cash is easier to spend than gift card balances
For most people, it’s simpler to spend money than gift cards. If you don’t have a particular retailer in your area or the retailer who issued the gift card isn’t one you typically shop with, you can get more use out of your gift card by trading it for cash and using the cash however you please.
For example, if you have a $100 gift card to Macy’s, but you don’t have a Macy’s in your area – and you can’t find anything you want from their online store – you can make the most of your gift card by exchanging it for cash and using that money for a nice dinner, a movie out, or a day with friends!
2. Exchanging gift cards for cash is quick and simple
While most people assume the process would be complicated, exchanging gift cards for cash is simple and easy. Just swap out your gift card for cash on a simple website and receive your money electronically…fast. Ideal for anyone who wants cash to spend quickly, exchanging gift cards for cash is a quick and easy way to get some extra spending money and get rid of gift cards you won’t ever use.
3. Exchanging gift cards for cash is a great way to use stray gift cards
Many people have gift cards lying around that they won’t ever use. If you’re one of these people, trading those gift cards for cash is a great way to get rid of the extra gift cards and get something useful in return.
Even if you’ve received a gift card that is not to a retailer of your choice, it’s important to remember that someone spent money on that gift card and that not using it is simply a waste of the person’s money and effort.
With this in mind, exchanging a gift card for cash is a good way to ensure that the gift didn’t go to waste and that the person who purchased the gift card for you succeeded in giving you something you would use and like.
4. You can put the cash you receive into a savings account
Having trouble saving for a rainy day? Need a bit of extra help to reach a savings goal? Exchanging gift cards for cash is a great way to ensure this happens. If you’d prefer to receive cash as a gift rather than gift cards, consider exchanging your gift cards for cash. You can then put this money in a savings account or use it to fund an upcoming purchase. No matter what your goals may be, this is an excellent way to ensure you’re making the most of each and every gift card you receive and reaching your financial goals in the process.
5. Exchanging gift cards for cash can help you purchase gifts for other people
Saving money for that special necklace for Mom or that iPad for Dad? Exchange your gift cards for cash! Even if you only have a small gift card balance, trading it for cash is a great way to boost your funds and ensure that you’re contributing what you can to the people who deserve special gifts in your life.
Gift Cards for Cash: A Simple Way to Make Use of Gift Cards
If you have gift cards you won’t ever use, consider exchanging them for cash. This approach has many benefits. In addition to the fact that cash is easier for many people to spend than gift cards, exchanging gift cards for cash is a great way to use up stray gift cards and meet your financial goals!