A couple months ago I had Macy’s gift cards I received as Christmas gifts that I was trying to resell.
I wrote this post explaining how I liquidate under-utilized/captive assets as part of a larger earning-strategy for travel.
At that time the market conditions were not favorable towards the seller because there was a surplus of unwanted gcs from the holidays, driving down the price.
I reevaluated the options today and found conditions to still be unfavorable. 75 cents on the dollar isn’t a great resale rate, but it could work for some people who would rather have cash now.
I’ll check again in a month to document any price differentials.
I’m not in a hurry to sell, but I don’t want to hold onto these gcs for too long either. All currencies devalue, though I wonder if in rare cases gcs of certain stores may retain their value relative to the US Dollar… perhaps an exercise for another post.
Have you sold gcs lately?