posted: Sep. 14, 2011 @ 12:41p
I think we've discussed how to liquidate AMEX/Visa gift cards and the like. But, I haven't seen any discussion on strategies for turning store gift cards into cash. I have a few methods, but I'd like a place to share various ways that we can accomplish this.
My methods (when I say "gift card", I always can also mean "gift cards"):
Also, California has a law that an establishment has to exchange cash for store gift cards under $10, if you have small enough GC values.
So, I realize that these potentially can take valuable time, and I don't plan to submit this strategy to the saving time thread. But, after I received tons in gift cards for my wedding (thus causing my wife and I to only write checks now as wedding gifts), I determined that it was worth my time to liquidate these, since I don't think we'll ever make a purchase in most of the stores at which we registered.
For results of my experiments, I will list which stores work with which methods. Please note, always YMMV, since stores' return policies and systems change from time to time. Also, I shouldn't have to say this, but please never call the store (or corporate, especially) to verify if a method will work.
Edit: Added links to some statements