Which money-saving methods do you utilize when shopping at your favorite stores? Some of the most common techniques include coupons, rebates, loyalty programs, sales and promo codes. While all five of these penny-pinching practices are helpful, discount gift cards are another tactic that can be used to secure the best deal.
What are discount gift cards?
Go ahead and take a look through your wallet, purse or junk drawer. Did you find any gift cards you haven’t yet used? Recent gift card survey data collected by Gift Card Granny shows that nearly nine percent of respondents will let an unwanted gift card go to waste. Forty three percent claim to re-gift and forty nine percent will make a purchase just to use the gift card. However, eighteen percent will sell it online in exchange for cash.
The concept of discount gift cards comes from individuals selling their unwanted, unused or partially used gift cards to resellers. The resellers then turn around and sell the previously owned cards to consumers at a discounted price. Alternatively, consider that cards aren’t only supplied by individuals; stores will discount gift cards for promotional purposes to incentivize customers.
How do I buy a discount gift card?
There are many reseller sites, such as Cardpool and Gift Card Spread that are available for consumers to buy discount gift cards. You can also search Gift Card Granny, a platform that helps users find and compare discount gift cards from a wide selection of resellers (imagine the Kayak of discount gift cards). Utilize Granny to find discount gift cards for restaurants, department stores, home and garden, movie tickets and more.
What type of savings should I expect with a discount gift card?
Savings vary from 1 percent to 50 percent. This is based on the card’s fluctuating market value and brand type. In order to maximize savings, combine discount gift cards with coupons, promo codes and other money-saving practices.
How do I sell my gift card?
You can sell a gift card online, at pawnshops, grocery stores, check cashing service centers and mall kiosks. Payouts typically range between 60 to 90 percent and are dependent on how the gift card is sold (online, kiosk, etc), as well as the card’s brand and type of transaction (cash, check, ACH, etc).
Selling a gift card through an online reseller will typically produce a larger payout, but it’s important to note that payments for first-time sellers may take up to a week. Kiosks provide instant pay for your gift card, however the amount you receive will be lower. Individuals selling popular brands such as Amazon, Walmart and Home Depot normally yield a higher payout. Merchandise credits are accepted on a brand by brand basis.
Where can I trade in my gift card?
Trading your gift card for another can be done through online exchanges, kiosks and retailers such as Target. When swapping, you will not receive the card’s full value and may be required to choose from a limited selection; typical gift card brands that are available for a trade-in include Amazon, Sears, CVS, Home Depot, etc.
What do I do with an unwanted gift card?
Sell it for cash!
What are discount gift cards?
Go ahead and take a look through your wallet, purse or junk drawer. Did you find any gift cards you haven’t yet used? Believe it or not, there are more gift cards than you may think go unused. If the idea seems absurd, you may want to think again. A study conducted by Gift Card Granny shows that nearly 9% of respondents will let an unwanted gift card go to waste.
Which money-saving methods do you utilize when shopping at your favorite stores? Some of the most commonly used techniques include coupons, rebates and promo codes. While all three of those penny-pinching practices are helpful, you may want to think again if you believe you’re getting the best deal. Want to know why? Because of discount gift cards. Just like the gift cards you’re accustomed to, a discount gift card can be used as a form of payment but provides a built-in layer of savings.
Similar to the gift cards you’re accustomed to, a discount gift card can be used as a form of payment but provides a built-in layer of savings. Wondering how all of this works?
If you’re probably wondering how buying and selling gift cards come into play, refer back to the unwanted gift card concept. Someone
The world of buying and selling gift cards works hand in hand.
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