Gift cards are a pretty much-expected gift that a person can receive, but what to do when you have no interest in using it? Many of the gift cards are of some brands that you do not use, or like in that case, the gift card is useless for you, and once expired, you will not be able to pass it on to anyone else. What makes the problem is that gift cards generally have a less to-use period, which means they have a shorter expiry date. But what to do now? Someone gifted you a gift card with a lot of love and affection. Will you waste the money they spent on purchasing that for you?
You can use the gift card, but it is like up to what extent will you use it if it has a significant amount in it? Better is check prepaid gift balance in your card and sell it to someone who will need it. Before selling them to someone else, be sure about the category of your gift card.
Two types of gift cards:-
Cash Cards
Cash cards are generally issued by Visa, Master Card, and American Express, which are flexible in nature and can be used at multiple stores. This category of gift cards is so good that they can be used in paying off your bills online as well as offline; these features make them easier to sell.
Store Cards
This category of a gift card is really very personal in nature as the gift card carries a personal message with it. They are gifted more on particular occasions; such types of gift cards can have a shorter expiry date and work in some specific stores only.
What Is the Point of Selling These Cards?
Gift cards possess great profit to its manufacturer because it charges some amount as the margin over the amount in a gift card. No manufacturer will sell a gift card on the same rate, which is loaded in the gift card. If you have purchased a gift card and don’t know the amount that is loaded in it, you can check prepaidgiftbalance of your card on the official sites.
However, what makes it more profitable is that people generally forget about their gift cards or are not able to make full use of it. When people do not use the money in the gift card before the expiry date, all the money loaded in the card is claimed by the company. So the company gets double profit, which means the margin that they charged on selling it and the claim that they took when it was not used.
Banks and credit cards are also making some profit in using gift cards; banks charge money for filling money in the card and claiming it back.
What to Do with A Useless Gift Card?
A gift card can be useless for you but is of great significance for others who love shopping by these cards, so better is of you resell them. Reselling these cards can be beneficial for you and also to the person who is ready to buy your card.
Reselling of a gift card is beneficial for you as a seller as you get some money for the piece of plastic that you were not willing to use in your entire life.
Reselling of a gift card can be beneficial for the buyer as they can get the shopping cards for their favorite retail shop at some lower rate then the value preloaded in it. But here, the buyer needs to be double sure and must check prepaid gift balance in the card before buying it.
Here are some suggestions to get rid of your useless gift card:-
- You can re-sell the gift card that is of no use to you by auctioning it at any online of the offline auction company, where you will find some buyers that will bit for your gift card, and you can earn the maximum possible amount form it. You will have to pay a little amount as the auction fees to the auction company.
- Have you heard of the earlier system of trading, which involves no money in it? Yes, the barter system is also a way out to get rid of your gift card and get some good and useful stuff in exchange. There are multiple sites that offer you trading of gift cards with other things; if you are willing to use it, keep an eye over the price of the article you purchase and the prepaidgiftbalance you have in your gift card.
- When you don’t want any hustle of selling or trading it, you are still left with an option to Re-gift it to someone else who would love to have it. You can check the balance and expiry of your card on multiple websites that offer you the same. It is not that hard; all you have to do is click here prepaid gift balance, and you will be guided further as per the website requirements.
- Still, if you don’t want to Re-gift it to anyone, you can give the card to some charity. For gifting it to some charity, you can ask them first if they accept it or not and then provide them with the same.
So here you got many options to deal with your useless gift card, select what suits you best and get rid of that plastic money of yours.
The selling price of your gift card can depend on multiple factors, such as what is the amount that is preloaded in your card, what is the expiry date of your card, what is the category of your card, and how flexibly is your gift card accepted. Before making a demand of your gift card check prepaid gift balance, you are all set to decide the suitable price for it.
Finally, it is clear that one can still make proper use of the money stored in the gift card even if they do not want to use it!