How to Turn Unwanted Gift Cards from Last Holiday Season into Extra Cash

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Consumers can use CouponTrade.com to sell their gift cards and put savings towards their dreams

CouponTrade.com

“Some gift cards that are given throughout the holiday season aren’t wanted and are usually forgotten about,” CouponTrade COO Brad Wasz said. “Getting cash for unwanted gift cards can help consumers save money and fulfill their dreams."

Finding extra cash can be a challenge in the summer with a variety of concerts, travel destinations, sporting events and restaurants to check out. Extra cash in the form of gift cards can be found in wallets, desk drawers or in email inboxes to use towards these activities, some of which are considered a luxury purchase to consumers. A recent ConsumerReports.org poll found that 55 percent of adults still have multiple gift cards left over from the holiday season that could be put towards something they want. CouponTrade.com, the first secondary gift card marketplace, aims to educate consumers so they can sell their gift cards and put their extra cash towards purchases that they consider to be a luxury buy.

“Some gift cards that are given throughout the holiday season aren’t wanted and are usually forgotten about,” CouponTrade COO Brad Wasz said. “Getting cash for unwanted gift cards or putting them to use can help consumers save money so they can fulfill their dreams of taking a family vacation overseas or getting the car they always wanted.”

Gift cards hold a certain value when they are sold, but often lose the amount they are issued from inactivity fees if the card isn’t used within 12 months. Each gift card is good for five years before they expire, so it is best to get something for the gift cards instead of losing the value or the card itself. A gift card that is resold or redeemed is better than a retailer closing or having shoppers letting their dollars go to waste, since $20 billion worth of gift cards go unused each year.

When a user resells a gift card to another consumer, they can transform their funds into cash or into an Amazon.com e-gift card. The user could use the funds from the e-gift card and use it towards items that are available online at a reduced price. Consumers could also take the cash they received and pair it with Travelocity promo codes to take their dream vacation to a popular destination like Cancun.

Gift cards are not considered coupons, but instead are prepaid values, so cards that are new or have remaining balances can be stacked with coupon codes to increase savings at retailers. Treating gift cards like cash, consumers can sell their gift cards and buy discount gift cards to put extra dollars in their wallets for something that they want in the long term.

About CouponTrade Inc.
Chicago-based CouponTrade is the first consumer-driven marketplace where consumers can sell their unwanted gift cards and daily deals. The site’s users can access an extensive coupon database to help get things they want at the price they can afford. Since the site’s inception in June 2011, users have saved over $700,000. It is CouponTrade’s mission to help consumers give themselves a raise and take advantage of free money that should never go to waste.

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Ross Meister
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