Why You Should Buy Old Gift Cards and How to Do It
Gift cards are a popular and convenient way to give someone a present, but they are not always used. According to a 2019 survey by Bankrate, about 25% of Americans have unused gift cards or store credits worth an average of $167. That means there are millions of dollars worth of gift cards sitting around, waiting to be redeemed.
But what if you could buy those unused gift cards at a discount and use them for yourself or give them to someone else? That’s where buying old gift cards comes in. Buying old gift cards is a smart way to save money and get more value out of your purchases. Here are some reasons why you should buy old gift cards and how to do it.
Benefits of Buying Old Gift Cards
Buying old gift cards has many advantages, such as:
- Saving money. You can buy old gift cards for less than their face value, sometimes up to 50% off. For example, you can buy a $100 gift card for $80 or less, saving you $20 or more. That’s like getting a free $20 bill.
- Getting more choices. You can buy old gift cards from hundreds of different brands and retailers, including popular ones like Amazon, Walmart, Starbucks, Target, and more. You can also buy old gift cards for specific categories, such as restaurants, movies, travel, and more. You can find something for everyone and every occasion.
- Using them online or in-store. You can use old gift cards online or in-store, depending on the brand and the type of gift card. Some gift cards are digital and can be used online only, while others are physical and can be used in-store only. Some gift cards are both digital and physical and can be used online or in-store. You can check the details of each gift card before you buy it.
- Getting cash back or rewards. You can earn cash back or rewards when you buy old gift cards from certain platforms or with certain payment methods. For example, some platforms offer cash back or points for every purchase, while some credit cards offer cash back or rewards for buying gift cards. You can double-dip on savings and rewards by buying old gift cards.
How to Buy Old Gift Cards
Buying old gift cards is easy and safe if you follow these steps:
- Find a reputable platform. There are many platforms that sell old gift cards online, but not all of them are trustworthy. You should look for a platform that has a good reputation, a secure website, a guarantee policy, and a customer service team. Some of the most popular and reliable platforms are Raise, CardCash, Gift Card Granny, and Cardpool.
- Browse the available gift cards. Once you find a platform that suits your needs, you can browse the available gift cards by brand, category, price, discount, or rating. You can also search for specific gift cards by typing in the name of the brand or retailer. You can compare the prices and discounts of different gift cards and choose the ones that offer the best value.
- Buy the gift cards. After you select the gift cards that you want to buy, you can add them to your cart and proceed to checkout. You will need to create an account with the platform and provide your payment information. You can pay with credit card, debit card, PayPal, or other methods depending on the platform. You will also need to provide your email address if you are buying digital gift cards or your shipping address if you are buying physical gift cards.
- Receive and use the gift cards. Once you complete your purchase, you will receive an email confirmation with the details of your order. If you bought digital gift cards, you will receive them via email within minutes or hours. If you bought physical gift cards, you will receive them via mail within days or weeks. You can then use the gift cards online or in-store as normal.
Buying old gift cards is a great way to save money and get more value out of your purchases. You can buy old gift cards from hundreds of different brands and retailers at discounted prices and