Have you ever received an Amazon gift card as a present and wished you could just cash it out instead of using it to shop online? Well, you’re not alone. Many people wonder if it’s possible to get cash in exchange for their Amazon gift cards. In this article, we’ll explore the options available for cashing out Amazon gift cards and help you decide which one is right for you.
While Amazon gift cards are a convenient and popular gift, they can be limiting if you don’t shop online often. Luckily, there are a few ways to turn your Amazon gift card into cash. From selling it to a third-party buyer to using a gift card exchange service, we’ll cover everything you need to know about cashing out those Amazon gift cards. So, let’s dive in!
Can You Cash Out Amazon Gift Cards?
Amazon gift cards are a popular present for any occasion. They are easy to use, and you can buy almost anything you want on Amazon. But what if you don’t want to use the gift card on Amazon? Can you cash it out? In this article, we will explore the options you have when it comes to cashing out Amazon gift cards.
Option 1: Sell Your Amazon Gift Card
If you don’t want to use your Amazon gift card, you can sell it to someone else. There are many websites that allow you to sell your gift cards to other people for cash. Some popular sites include Cardpool, Raise, and GiftCardGranny.
When you sell your gift card, you will usually receive a percentage of the value of the card. The percentage will vary depending on the website, and the demand for the gift card. Some gift cards will sell for more than others, so it’s important to do your research before you sell.
Option 2: Use Your Amazon Gift Card to Buy Other Gift Cards
Another option is to use your Amazon gift card to buy other gift cards. Many retailers sell gift cards online, including Amazon. You can use your Amazon gift card to buy a gift card for another retailer, and then use that gift card to make a purchase.
This option is not as straightforward as selling your gift card for cash, but it can still be a good option if you want to use your gift card for something other than Amazon purchases.
Option 3: Use Your Amazon Gift Card to Make a Charitable Donation
If you don’t want to use your Amazon gift card for yourself, you can donate it to a charitable organization. Many charities accept gift cards as donations, and they can use the funds to support their programs.
Some charities will accept Amazon gift cards directly, while others may require you to sell the gift card and donate the cash. Either way, donating your gift card is a great way to support a cause you care about.
Option 4: Use Your Amazon Gift Card to Pay Bills
Did you know you can use your Amazon gift card to pay bills? Some bill payment services, such as Tio, allow you to use gift cards to pay bills online. This can be a convenient way to use your gift card if you have bills due.
However, not all bill payment services accept gift cards, so you will need to check with the service before you attempt to use your gift card.
Option 5: Use Your Amazon Gift Card to Buy Bitcoin
If you are interested in buying Bitcoin, you can use your Amazon gift card to make the purchase. Some Bitcoin exchanges, such as Paxful, allow you to buy Bitcoin with Amazon gift cards.
This option is not for everyone, but if you are interested in cryptocurrency, it can be a good way to use your gift card.
Option 6: Use Your Amazon Gift Card to Buy Stocks
Did you know you can use your Amazon gift card to buy stocks? Some online brokerages, such as Stockpile, allow you to buy fractional shares of stocks with gift cards.
This option is not for everyone, but if you are interested in investing, it can be a good way to use your gift card.
Option 7: Use Your Amazon Gift Card to Buy Physical Goods
Of course, you can always use your Amazon gift card to buy physical goods on Amazon. Amazon sells almost everything you can imagine, so you are sure to find something you want.
If you don’t want to use your gift card for yourself, you can also use it to buy gifts for others.
Option 8: Benefits of Using Amazon Gift Cards
There are many benefits to using Amazon gift cards. First, they are easy to use. You can simply enter the code on the gift card at checkout, and the funds will be applied to your purchase.
Second, Amazon gift cards never expire. You can use them whenever you want, and you don’t have to worry about them expiring.
Finally, Amazon gift cards can be a great way to budget your spending. If you have a set amount of money on your gift card, you can only spend that amount on Amazon, which can help you avoid overspending.
Option 9: Amazon Gift Cards vs. Other Gift Cards
Amazon gift cards are not the only gift cards available. There are many other retailers that sell gift cards, including Walmart, Target, and Best Buy.
One advantage of Amazon gift cards is that they can be used on almost anything on Amazon. Other gift cards may only be used at specific retailers.
Another advantage of Amazon gift cards is that they never expire. Some other gift cards may have expiration dates or fees.
Option 10: Conclusion
In conclusion, there are many options when it comes to cashing out your Amazon gift card. You can sell it for cash, use it to buy other gift cards, donate it to charity, use it to pay bills, buy Bitcoin or stocks, or simply use it to buy physical goods on Amazon.
Amazon gift cards are easy to use, never expire, and can be a great way to budget your spending. While there are other gift cards available, Amazon gift cards are a great option for anyone who wants flexibility and convenience when it comes to their gift card purchases.
Frequently Asked Questions
Can You Cash Out Amazon Gift Cards?
Yes, you can cash out Amazon gift cards, but the process may differ depending on the type of gift card you have. If you have a physical gift card, you can sell it to a third-party website or exchange it for cash at a Coinstar kiosk. However, keep in mind that these options will likely give you less than the face value of the gift card.
If you have an electronic gift card, you can use it to make purchases on Amazon or exchange it for cash through a gift card exchange website. Some exchange websites may require you to have a minimum balance on your gift card or charge a fee for the exchange.
How Do You Sell Amazon Gift Cards?
To sell an Amazon gift card, you can use a reputable third-party website such as Cardpool or Raise. These websites allow you to sell your gift card for cash or exchange it for a different gift card. To sell your gift card, you will need to provide the card details and wait for offers from buyers.
Once you accept an offer, you will need to send your gift card to the buyer and receive payment. Keep in mind that these websites may charge a fee for the transaction and may give you less than the face value of the gift card.
Can You Transfer Amazon Gift Card Balance to Bank Account?
No, you cannot transfer the balance of an Amazon gift card to a bank account. Amazon gift cards can only be used to make purchases on Amazon or exchanged for cash through a third-party website.
If you want to use your Amazon gift card balance for something other than Amazon purchases, you can try exchanging it for a different gift card or selling it for cash.
How Do You Check the Balance of an Amazon Gift Card?
To check the balance of an Amazon gift card, you can log in to your Amazon account and go to the gift card balance page. Alternatively, you can call the Amazon customer service number and provide the gift card details to get the balance information.
Keep in mind that the balance on your gift card may take up to 24 hours to update after making a purchase or adding funds to the card.
Do Amazon Gift Cards Expire?
No, Amazon gift cards do not expire. You can use the balance on an Amazon gift card at any time to make purchases on Amazon or exchange it for cash. However, keep in mind that some states may have laws that require gift cards to have an expiration date or impose fees after a certain period of time.
In conclusion, cashing out Amazon gift cards is possible, but it requires a bit of extra effort. There are several ways to do it, including selling your gift card to a reputable reseller or using it to purchase a prepaid debit card. However, it’s important to be cautious and do your research before choosing a method to avoid scams or losing the value of your gift card.
Overall, Amazon gift cards offer a convenient and versatile way to shop online, but if you need cash instead, there are options available. By exploring your options and being careful, you can turn your gift card into cash that you can use for whatever you need. So, don’t let your Amazon gift card go to waste – cash it out and put the value to good use!