How to use unwanted gift cards
Tip of the week...
▪ Sell it. Americans spend $130 billion on gift cards each year, $1 billion of which goes unspent. If there’s a gift card sitting in your sock drawer, consider selling it to Cardpool.com, which typically pays 75 to 90 percent of the value. Another option: List your card on Raise.com, which will sell it to another consumer and then send the payment to you, minus a commission.
▪ Exchange it. Are you a Target shopper? Most Target locations let customers trade in gift cards from other retailers for a Target card of nearly the same value. Check Target.com to see which brands are accepted.
▪ Donate it. You could always regift your gift card, but if you’re uncomfortable with that idea, consider giving the card to charity. CharityGiftCertificates.org lets you choose from more than 1,000 charities that accept gift cards as donations, even cards that hold only a partial balance. Source: WashingtonPost.com