URGENT UPDATE: A new survey reveals that two in five Americans are sitting on a treasure trove of unused Christmas gift cards, potentially worth hundreds of dollars. According to Bankrate, the average balance of these unused cards has surged to $244 in 2024, surpassing previous years where the amount was under $200.
Why does this matter RIGHT NOW? With the holiday season just behind us, many consumers are likely unaware of the value they can reclaim from these forgotten cards. Ted Rossman, a senior analyst at Bankrate, emphasized the common oversight, stating, “Sometimes we’re our own worst enemy when it comes to gift cards. We relegate them to the back of our wallet or stuff them in a junk drawer, never to be seen again.”
Here’s how you can cash in on those unwanted gift cards immediately. First, consider selling them online through platforms like Giftcash and Cardcash. For instance, a $50 Target gift card might be valued at around $42, while a $50 Walmart card could be worth between $40 and $45 in cash. Alternatively, users can exchange it for a $40 Amazon gift card.
However, it’s important to note that consumers will likely receive less than the full value of their gift cards. The sale sites take a cut, and specific conditions may lead to certain cards being rejected. Before proceeding, always check the fine print to avoid any surprises.
With the total average balance of unused gift cards increasing, now is the time for consumers to take action. Don’t let those cards languish in your wallet or drawer. Cashing in could provide you with valuable funds just when you need them most.
What’s next? Keep an eye on your mail and email for any notifications from retailers regarding promotions for gift cards. As the year progresses, some retailers may offer incentives to redeem gift cards, making it even more beneficial to act quickly.
Take advantage of this opportunity to reclaim your cash! Share this news and let others know how they can benefit from their unused gift cards today.
