Did you ever get a gift card that you knew you wouldn’t be using for a while? You know, those cards that have been in your junk drawer just waiting for the perfect time to be used (for the past 3 years). It’s probably happened to you. You’re grateful for the card, but maybe it was a Pollyanna gift and the person didn’t know you well. Or maybe you already have like 4 of the same gift card and you aren’t going to use a 5th. This is the time of year (a month or two after Christmas) I look in my wallet and leave the cards there that I’ll use in the next few months, and take the cards out that I probably won’t use for a while.
A good problem to have
But this is a good problem to have. Today is all about how to make those old unused gift cards, work in your favor.
This year I ended up with about $100 dollars worth of restaurant gift cards in my wallet. Now don’t get me wrong, I love restaurant gift cards. I also love the chance to eat out without worrying about how much it’s going to be. But, $50 of the cards were for Red Lobster. While I love Red Lobster, Bryan is allergic to shellfish, so going there to eat would not be great for him. That leaves me with $50 of gift cards that are just going to hang out around my house for a long time until I find a good time to use it. Why not put it to use?
Is it safe?
I looked at a few sites for exchanging gift cards and wasn’t sure if any of them were legit enough for me to be giving out my information. The sites I considered were, cardcash.com, giftcards.com, and cardpool.com. I notice that one site looked like it was secure and easy to use. It was recognized by the Today Show, TIME, CNN, and also had several secure site notices. The other sites didn’t have much backing them up.
I went with…
Cardpool.com because of all of the reasons listed above. I typed in the gift cards I was looking to exchange. They gave me a price right away that they would pay me for my card. You could choose to receive the payment in the form of an Amazon Gift Card or a check. You could also choose to wait and sell your gift card yourself and see what someone would pay for it. I decided to take the Amazon Gift Card option and save myself the hassle of waiting for someone to buy my card. About 5 dollars was lost on each $25 gift card, taking my Amazon Gift card payout to just under $40.
I typed in the gift card numbers, my credit card number, and submitted the order. Submitting my credit card number made me a little nervous at first. But, it is a backup in case you give them a fake number or something and the gift card doesn’t work. The company said it would take up to 3 days to process the order.
Amazon Gift Card
On the 2nd day of waiting, I got an email saying my order had been approved. The link to my gift card was in the email! I clicked the link, it took me to my Amazon account, and there was the gift card waiting for me to use it!
The appliance I’ve had my eye on
I’d been eyeing up an Instapot for a few months on Amazon, but really didn’t want to put down the money to buy one. I cook sweet potatoes a lot, hard boiled eggs, pork roasts, and a lot of other things that make the Instapot useful. But that still didn’t mean I wanted to pay over $100 for it. I had some money left over from another Amazon gift card. Then the money from the restaurant gift cards took me a little over $50. That made the Instapot purchase feel more worth it, so I took the dive and bought one.
If you have leftover gift cards…
If you are like me and have a few gift cards either from this year, last year, or years ago that you know you aren’t going to use, just check out the site! You don’t have to commit to anything when you check out the prices you will get for your cards. You can also buy gift cards for cheaper on the site and will get $5 towards your purchase if you use one of my Cardpool links above. I actually checked out the prices for my cards over a month ago and then came back recently to exchange them.
*When you click the Cardpool links on this site and exchange a gift card, you will get a $5 reward towards a gift card purchase, and I will receive a small referral fee. YOU can also use the referral fee if you refer a friend. This did not affect my decision to use Cardpool. All opinions are my own.