How to convert Visa gift cards to cash?

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I was wondering if anyone knows how to turn Visa gift cards (like the ones that Norton gives you as a rebate payment) to cash. Thanks!

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Sell them on eBay or craigslist.

Best way to do it is to buy as many FAR items as you can this way you get back almost all the $$ plus items. At least thats what I would do.

jayK said: [Q]Sell them on eBay or craigslist.

I don't think I'd want to sell them because they have my name on them.

why do you want to turn them into cash, instead of using them in place of cash?

An alternative would be to take them to the grocery store and buy a grocery gift card for the exact amount of the Visa gift card. Everyone buys groceries.

jayK said: [Q]An alternative would be to take them to the grocery store and buy a grocery gift card for the exact amount of the Visa gift card. Everyone buys groceries.

I get 5% back on groceries and gas with my credit card, so I would lose that 5% if I pay with these stupid gift cards <img src="i/expressions/face-icon-small-sad.gif" border=0>

momoman said: [Q]why do you want to turn them into cash, instead of using them in place of cash?

I like the security and bonus rewards I get with my credit cards... I rarely use cash - unless I'm at a bar or club something. Hmmm...

Give them away as gifts.

MrNovember said: [Q]jayK said: [Q]An alternative would be to take them to the grocery store and buy a grocery gift card for the exact amount of the Visa gift card. Everyone buys groceries.

I get 5% back on groceries and gas with my credit card, so I would lose that 5% if I pay with these stupid gift cards <img src="i/expressions/face-icon-small-sad.gif" border=0>

I think jayK was implying that you'd get the grocery gift cards, then sell THOSE on eBay / Craigslist, to avoid your concern about having your info on the Visa Gift Card.

1) Buy something at a store of choice using the gift card
2) Withdraw the gift card's amount from your savings/checking account from your bank's ATM

You may not realize it, but doing this "converts" the gift card to cash which you spent at a store you would've probably used to pay with cash anyway. Confuzzled yet?

Either way, use the GC soon. Most of them deduct a fee after a certain period of inactivity. They all have a different TOS so use it before you lose it. I read an article in the paper that MILLIONS of dollars in GC's expire before they are used...issuing stores love that. I'm sure it is 99% profit (minus the cost to create the GC, fees to the issuing bank, etc.).

What I usually do is use it at a grocery store and transfer the amount of the GC from my checking to a high interest-earning savings account. For store-specific GC's, I keep an eye out for a hot deal, keep/resell the item, and transfer the GC amount to savings.

arkleseizure said: [Q]I think jayK was implying that you'd get the grocery gift cards, then sell THOSE on eBay / Craigslist, to avoid your concern about having your info on the Visa Gift Card.No, I was suggesting that OP just use the freakin' gift cards. How much are we talking about here? Is it really worth the hassle to sell the cards just to avoid losing 5% Cash-Back? You'll probably be selling the cards for below face value anyway.

Or just use the cards at a retailer where you only get 1% cash-back.

I don't know about you but it costs about 25-30 dinaros to fill up my car and that's where i use them. I fill and they are going going gone.<img src="i/expressions/face-icon-small-smile.gif" border=0>

MrNovember said: [Q]jayK said: [Q]An alternative would be to take them to the grocery store and buy a grocery gift card for the exact amount of the Visa gift card. Everyone buys groceries.

I get 5% back on groceries and gas with my credit card, so I would lose that 5% if I pay with these stupid gift cards <img src="i/expressions/face-icon-small-sad.gif" border=0>

Are you "really losing" 5%? If the VISA card was a gift, you got free food.

Depending on the retailer, you *may* be able to buy an item with the card, then return it later for a cash refund.

Retailers usually try to refund you in the same form of payment as you tendered, but with a disposable gift card, they may offer store credit or cash. It's probably a cointoss as to which you'll end up being offered...

I'm with JayK: Just use the darn thing for stuff you would otherwise pay for with cash or credit. If the 5% tradeoff bothers you, spend it on a category of goods / services that *doesn't* earn you 5%.

Good luck!

use it for everyday purchases:
eating out
gas
utilities (electric, gas, water, trash, cell phone, home phone)

My favorite one (not everyone can do)...I frequently have to purchase items for work and file an expense report to be reimbursed. I just buy work related items with a gift card. I've got a Home Depot store credit ready to go right now.

I like the question OP. With all the websites now that let you trade and buy giftcards for less, it makes you wonder. I mean with the "power of visa" something creative should be possible. I understand the reasoning of not bothering if we're talking 1-5% but i came across trades that would let me buy a visa gift card for 10% less.

So far i like the suggestion of buying and returning for cash. Anyone know of a list of stores that would do that?

Just wondering

Give to me, and I'll give you $5! <img src="i/expressions/face-icon-small-happy.gif" border=0>

MrNovember said: [Q]momoman said: [Q]why do you want to turn them into cash, instead of using them in place of cash?

I like the security and bonus rewards I get with my credit cards... I rarely use cash - unless I'm at a bar or club something. Hmmm...

Use them at a bar or a club. Almost all of them take credit. Plus, since gift cards are only worth so much, you won't get too carried away with your bar tab.

A Visa gift card is practically as good as cash. Most places take credit cards nowadays, so unless you need the money to buy drugs I don't see why you'd even need to convert the card to cash.



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