Rossen Reports: How to cash in on unused gift cards

Jeff Rossen shares platforms where you can get money in exchange for your unused gift cards.

Jeff Rossen shares platforms where you can get money in exchange for your unused gift cards.

Hi. Yeah, I'm sure this has happened to you at some point, especially during the holidays, someone gets you *** gift card, but it's to *** place you've never shopped. So, what are you gonna do with that? It's just like sitting there. That's why our viewer pat emailed me asking. Hey, I have *** gift card to *** restaurant for $100. We don't wanna go there. Is there *** place we can get cash for it? Short answer? Yes, there are websites and apps that'll let you sell your unwanted gift cards. Now, keep in mind you're not gonna get the full value for the card, but who cares? You can buy it anyway. It's found the money here are two platforms that I really like. And I've actually tested myself first. The gift card exchange or GCX you put in the value of your gift card. It suggests *** selling price. Once the card sells, you get the money sent right to you by direct deposit or paypal. The next one I like is card cash. Now, the main difference here is that you don't have to go out and put it on the platform to sell it and wait for *** seller to buy it. You're selling it directly to the company card cash. You can get paid by check direct deposit or paypal or you'll get *** little bit more money back. If you trade that gift card in for *** different gift card to *** store, you actually use like, you know, Walmart Amazon Lowe's, for example, by the way, you can also buy discounted gift cards from those sites as well. So it's not just selling them. If you want *** gift card, you can buy them cheaper, but for the best purchase protection, make sure you use them within the money back guarantee window. GCX has *** 90 day guarantee for card cash. It's 45 days. I'm gonna share links to both of those programs along with some other ideas I have for unused gift cards. This is what I do all day. I sit around and I'm like, uh what are the ideas? I got *** whole bunch of them. It's in my Ross and reports newsletter. Scan the QR code on your screen right now to sign up. It is free and it comes straight to your inbox back to you.

Rossen Reports: How to cash in on unused gift cards

Jeff Rossen shares platforms where you can get money in exchange for your unused gift cards.

We’ve all been there. Someone gets you a gift card, but it’s to a place you never shop at. So now what do you do with it?A viewer reached out to Rossen Reports asking if any places exchange gift cards for cash.Good news – unused gift cards don’t have to sit idle in your wallet. Some platforms let you sell your unwanted gift cards for cash, though you won’t receive the full value of the gift card.Here are two platforms we’ve tested on Rossen Reports.The Gift Card ExchangeThe Gift Card Exchange, or GCX, previously known as Raise Marketplace, allows you to sell your gift card directly to buyers. You put in the value for the gift card, and GCX suggests a selling price. Once the card sells, you get the money sent to you via Direct Deposit or PayPal.CardCashWith CardCash, you don’t have to wait around for a seller to buy your card – you’re selling directly to CardCash. You can get paid via a check, direct deposit, or PayPal. Alternatively, you can trade in your gift card in exchange for a gift card at another retailer you’re more likely to shop at. Buying Discounted Gift CardsBoth platforms also allow you to buy discounted gift cards. However, it’s important to remember that the gift card industry is a target for scammers and that buying from a secondary marketplace comes with inherent risks. To ensure the best purchase protection, we recommend using any gift cards within the money-back guarantee window. GCX offers a 90-day guarantee, while CardCash offers a 45-day guarantee.Other IdeasDon’t want to deal with selling your gift cards online? Try selling them to friends, family, and coworkers instead. Take a few dollars off to sweeten the deal – like $5 off a $25 gift card – and ask for payment in cash or by digital wallet like Venmo or Zelle.Have a question for Jeff Rossen? He’s answering your consumer questions every Friday in the new segment "Rossen Responds." Email your questions to him at RossenResponds@hearst.com. Want bonus content and exclusive deals? Make sure to sign up for our free newsletter at RossenReports.com.

We’ve all been there. Someone gets you a gift card, but it’s to a place you never shop at. So now what do you do with it?

A viewer reached out to Rossen Reports asking if any places exchange gift cards for cash.

Good news – unused gift cards don’t have to sit idle in your wallet. Some platforms let you sell your unwanted gift cards for cash, though you won’t receive the full value of the gift card.

Here are two platforms .

The Gift Card Exchange

The Gift Card Exchange, or , previously known as Raise Marketplace, allows you to sell your gift card directly to buyers. You put in the value for the gift card, and GCX suggests a selling price. Once the card sells, you get the money sent to you via Direct Deposit or PayPal.

CardCash

With , you don’t have to wait around for a seller to buy your card – you’re selling directly to CardCash. You can get paid via a check, direct deposit, or PayPal. Alternatively, you can trade in your gift card in exchange for a gift card at another retailer you’re more likely to shop at.

Buying Discounted Gift Cards

Both platforms also allow you to buy discounted gift cards. However, it’s important to remember that the gift card industry is a target for scammers and that buying from a secondary marketplace comes with inherent risks. To ensure the best purchase protection, we recommend using any gift cards within the money-back guarantee window. GCX offers a 90-day guarantee, while CardCash offers a 45-day guarantee.

Other Ideas

Don’t want to deal with selling your gift cards online? Try selling them to friends, family, and coworkers instead. Take a few dollars off to sweeten the deal – like $5 off a $25 gift card – and ask for payment in cash or by digital wallet like Venmo or Zelle.

Have a question for Jeff Rossen? He’s answering your consumer questions every Friday in the new segment "Rossen Responds." Email your questions to him at RossenResponds@hearst.com.

Want bonus content and exclusive deals? Make sure to sign up for our free newsletter at .

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