How To Convert an Amazon Gift Card to Cash
Gift cards can be a thoughtful gift for that person on your list who has everything. Although Amazon has a fantastic supply of gift cards, not all people are into shopping online. If you receive an Amazon gift card you’re not going to use, you would probably wonder how to convert an Amazon gift card to cash. Unfortunately, Amazon doesn’t support exchanging the gift card for money.
We want to help you avoid an unnecessary Amazon shopping spree. Here are a few workarounds that will show you how to convert your Amazon gift card to cash.
Sell It on Reddit
Reddit is an excellent platform for various types of online sales. As for Amazon gift cards, Reddit has a subreddit dedicated mainly to gift card exchanges. On the forums under the /r/giftcardexchange tab, you can post ads and exchange and trade unwanted gift cards.
Reddit users mostly use PayPal for money transactions when participating in gift card trade. Before posting your advert, think of payment terms for a secure exchange. Create a post that includes details about your card, such as its worth and your bargain for it. To make your posting more attractive, you might want to add engaging information about the circumstances around why you are selling it. The Reddit community responds quickly, and you will most likely not wait long before you receive an offer from a user.
Before creating a thread on a subreddit that trades gift cards, ensure that you have reviewed the moderator rules and terms of trade.
Here are steps and hints to get a good deal when you convert your Amazon gift card to cash.
- Go to subreddits r/giftcardexchange, r/GCTrading, and /r/barter. Create a post selling your Amazon gift card.
- Decide on a selling price. Remember that Amazon gift cards often sell for 90% of their gift card balance value.
- Negotiate with interested buyers and determine payment terms that suit both of you.
Turn to retail arbitrage if you are more into a business approach. Use an Amazon gift card to purchase items on Amazon with a discount, then sell them at a higher rate for a profit. Not only will you essentially convert your Amazon gift card into cash, but you may earn some extra in the process.
Here is how to do this in just a few steps.
- Check Amazon sections that feature discounted items and sale offers, such as today’s deals. You can also use coupons to save money when purchasing.
- Use your Amazon gift card for payment.
- Look for eCommerce websites that offer the best terms for sale. Etsy, eBay, Craigslist, or eBid might be good places to sell your Amazon items.
- Sell the items online for a higher price than you paid.
Card Reseller Sites
A specialized online marketplace for trading and reselling gift cards, such as Craigslist or EJ Gift Cards, can help you sell your card quickly. Websites like these can aid you in reselling your unused gift card for close to its face value. Aside from the classic item-for-money trade, marketplaces dedicated to selling gift cards also allow you to exchange them for other retailer gift cards you might use.
Craigslist is a well-known online marketplace for selling all kinds of items locally. This website is a good choice if you want to convert your Amazon gift card to cash. You carry out trade deals in a local setting, as it provides a way to secure a quick meetup with a potential buyer. Its other helpful feature is that it gives insight into the value of the card on the market, helping you make the most out of the sale.
Setting up a listing on this gift card marketplace is easy and quick, and all you need for that is a Craigslist account. Here are the steps to convert your Amazon gift card to cash on Craigslist.
- Type “Amazon gift card” in the homepage’s search box to compare card values for similar gift cards and determine the price of your Amazon gift card by market value.
- Go to “Post” in the upper-right corner of the page.
- Choose the “for sale by owner” option.
- List your card in the “general for sale – by owner” category.
- Create your listing.
- Emphasize that all sales are in cash only.
- Include a phone number for quicker sales.
- Post the offer on Craigslist.
- Check your email regularly for proposals, as you may lose sales if you don’t respond quickly.
Gift card scams are common when trading on Craigslist, so suggest a meetup in a public place and verify your Amazon card balance in front of them. Always be safe when transacting online.
Make Amazon Purchases for Others
An Amazon gift card may not be what you need now, but your friends might be able to use it. You can use your Amazon gift card balance to purchase things for others, then let them pay you cash for the item.
Convert unused Amazon gift cards into cash by using them to buy others gifts to celebrate their special occasion. Instead of purchasing things on Amazon for yourself, use the gift card to pick a thoughtful present for a friend. It’s a smart idea, and the cash you would otherwise spend on a gift will stay in your pocket.
Sell It to Your Close Circle
Probably the quickest way to convert your Amazon gift card into cash is to announce that you need to sell your gift card to friends, family, colleagues, etc. Make a reasonable offer, and you might even get a better final deal than if you have posted the request online.
Regift Your Gift Card
While this option doesn’t provide physical cash in hand, regifting an Amazon gift card is a way to convert it. Many people shop online, and Amazon is probably the most popular marketplace today. An unused Amazon gift card is a thoughtful gift to someone you know who spends hours browsing Amazon items. Ensure you haven’t redeemed the gift code when regifting an Amazon gift card.
Money Takes Different Forms
Reassess if you really cannot make use of your Amazon gift card before looking for a way to convert it to cash. There is a reason why the Amazon card is one of the most gifted cards in the world. Whatever you need, Amazon most likely sells it online.
Amazon has an extensive customer community, so finding a buyer for your gift card should not be an issue. One of the previously mentioned methods will likely help you turn digital money into physical cash.
How do you make the most out of your Amazon gift cards? Tell us in the comments section below.