Update on selling unwanted gift cards

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.

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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?

 

 

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2 thoughts on “Update on selling unwanted gift cards

  1. I also have a $50 Macy’s gift card I received last year and don’t know what to do with it and didn’t bother to sell it since it was such a small amount. I do sell a lot of Target, eBay, Gap/Old Navy/Banana Republic, Disney and other types of gift cards on Raise and my site. Topcashback gives you $1.50 per listing so that helps to offset the commission.

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