Got a Gift Card for the Holidays and Don’t Plan to Use It? Sell It!
Gift cards can seem like a great gift idea, but, if you’re the recipient, not so much. Maybe it’s from a store you wouldn’t touch with a 10-foot pole. Or maybe you wish they would’ve just given you the cash. Either way, you’re stuck with a card you don’t want and without the cash you need—but don’t ghost the gift-giver; sell that card instead.
Know Your Options
There are a few ways to turn cards into cash. Gift card machines are great, but you need a credit card—and you may get more than cash out of the deal. This kind of transaction is classified as a cash advance, which can mean astronomical interest rates.
You can get a higher dollar amount from an online card exchange, but you have to pay two middlemen before you get your money—the online payment system, and then your bank. Believe it or not, the best way to get cash from your gift card is to sell it to a pawn shop. How does this work? If you’ve ever seen the show Pawn Stars, then you know the drill. Walk in, get someone to look at your card, and get cash.
Fast Cash for Your Card
When you sell an unwanted gift card to a pawn shop, you get instant cash. Period. The only thing you’ll need is a printout of how much cash is on the card. You’ll also want to make sure you bring it in as soon as possible after you get it. Why? Because your card might have an expiration date. If it does, the sooner you can get it in, the better odds you’ll have of getting cash.
A gift card from a popular store or one that will be having a big sale soon are both great reasons to bring it to a pawn shop. Not only can this get you more money, but the shop can also get more from a buyer.
Of course, every shop is different. That’s why it’s important to find someone near you who’s been around for a while, and whose staff know what they’re talking about. Then, you should make sure they can get you the highest price for your card.
GEM Pawnbrokers covers all these bases and more. We’ve been in business for over 70 years. We give cash for your unwanted gift cards. Got something else to sell? We also buy instruments, precious metals, electronics, and much more. Need more money? We offer instant cash loans; no credit is ever needed. Plus, you have four months to pay it back—there’s no need to pay monthly.
No matter which of our 24 locations you visit, you’ll always be paid the highest prices in the NYC area. Selling jewelry, too? Our staff has been certified by the Gemological Institute of America (GIA) and the Jewelers of America (JA) to get you the highest value. Find out why GEM is the largest pawnbroker in NYC; give us a call at (718)-596-5626.