Visa gift cards have become increasingly popular in recent years as a convenient and flexible alternative to traditional gift-giving. From birthdays to weddings and other special occasions, these cards allow recipients to purchase what they want, when they want it, at thousands of retailers worldwide. However, some people may prefer cash over a Visa gift card, either because they need the money for basic needs or simply because they would rather have the flexibility to spend it as they please. Unfortunately, Visa gift cards cannot be redeemed for cash at the store where they were purchased. However, there are several methods by which Visa gift cards can be turned into cash. In this article, we will explore some of these methods, highlighting the pros and cons of each one and providing readers with practical tips to get the most value out of their Visa gift cards.
Can You Turn Your Visa Gift Card into Cash?
Unfortunately, Visa gift cards cannot be simply redeemed for cash, as most stores do not provide cash refunds for gift card purchases. However, there are several methods for converting Visa gift cards into cash. Some of these methods include:
- Selling your Visa gift card
- Trading your Visa gift card
- Using a third-party service to get cash for your Visa gift card
Selling Your Visa Gift Card
Selling your Visa gift card is one way to convert it into cash. Here are some of the best places to do so:
| Website | Commission Fees | Gift Card Exchanges Accepted |
|---|---|---|
| Gift Card Granny | Up to 35% | Walmart, Target, Amazon, Best Buy, and more |
| Raise | Up to 80% | Whole Foods, GameStop, Sephora, and more |
| CardCash | Up to 92% | Apple Store, Home Depot, Lowe’s, and more |
Trading Your Visa Gift Card
Trading your Visa gift card for another gift card at a different store is another way to get cash or a product you may need. You can try:
- Card Kangaroo
- Gift Card Zen
Using a Third-party Service
Using a third-party service to exchange your Visa gift card for cash is another option. Some services to consider include:
However, these services usually charge a fee for their service, so be sure to check the fees and compare rates before choosing a service.
Can you take cash out of a Visa gift card?
No, you cannot withdraw cash from a Visa gift card. Visa gift cards function like prepaid debit cards, which means you can use them to pay for purchases at any merchant that accepts Visa cards. However, if you want to get cash, you will need to use the card to buy a money order or transfer the balance to your bank account. It’s worth noting that there may be fees associated with these options. For more information, check out the FAQs section of the Visa website.
Sell Your Visa Gift Card
Selling your Visa gift card is one of the most straightforward ways to get cash for your gift card. Here are some websites where you can sell your gift card:
| Website | Commission Fees | Gift Card Exchanges Accepted |
|---|---|---|
| Gift Card Granny | Up to 35% | Walmart, Target, Amazon, Best Buy, and more |
| Raise | Up to 80% | Whole Foods, GameStop, Sephora, and more |
| CardCash | Up to 92% | Apple Store, Home Depot, Lowe’s, and more |
It is important to note that the commission fees vary depending on the website you choose. Some websites may charge a flat fee, while others may take a percentage of the sale. Be sure to compare fees and rates to get the most out of your gift card.
Where can I sell my gift card online?
There are several reputable websites where you can sell your gift card online, including:
- Cardpool
- Gift Card Granny
- Raise
- CardCash
- GiftCardBin
Each website may have different rates and fees, so it’s always a good idea to compare prices before choosing a website to sell your gift card on.
Trade Your Visa Gift Card
Another option to turn your Visa gift card into cash is to trade it for another gift card. Here are some websites where you can trade your gift card:
- Cardpool: Trades gift cards for up to 92% of the card value
- Coinstar: Exchanges gift cards for cash or another gift card
- Gift Card Granny: Allows exchanging gift cards for other gift cards with no additional fees
Before trading your gift card, make sure to read the terms and conditions of the website to understand how the trade process works. Also, keep in mind that the exchange rates may vary depending on the website, type of gift card you are looking to trade, or the season.
How do I transfer money from my Visa gift card to another card?
Unfortunately, it is not possible to transfer funds directly from a Visa gift card to another card. However, there are a few options you can consider:
- Use the Visa gift card to purchase a money order or cashier’s check, and then deposit it into your bank account. From there, you can transfer the funds to another card.
- Sell the Visa gift card through a gift card exchange website, such as Cardpool or Raise. You may receive a slightly lower amount than the card’s face value, but it will provide you with cash that you can use to transfer to another card.
Keep in mind that some gift cards may have fees associated with them, so be sure to read the terms and conditions before attempting to transfer funds.
Use a Third-Party Service to Get Cash for Your Visa Gift Card
If you don’t want to sell your gift card or trade it for another one, you can use a third-party service that will exchange the card for cash. However, this service comes with some fees and requirements, such as:
- Transaction fees: Some services charge a transaction fee that ranges from 5% to 10% of the card’s value
- Card balance: Not all services accept gift cards with low balances
- Verification process: Some services require you to verify your identity to avoid fraudulent activities
Here are some recommended third-party services that you can use to get cash for your Visa gift card:
- Gift Card Granny: Offers cash payout for your gift card with a 100-day guarantee
- Coinstar Exchange: Accepts most types of gift cards and offers instant cash payout at kiosks across the US
- CardCash: Buys unused gift cards and offers free shipping for the physical cards
Make sure to compare the offers, fees, and requirements of each service before you choose the one that best meets your needs.
How do I withdraw money from my Visa card?
To withdraw money from your Visa card, follow the steps below:
- Locate an ATM that accepts Visa debit or credit cards.
- Insert your card and enter your PIN number when prompted.
- Select “Withdraw” or “Cash advance” and enter the amount you wish to withdraw.
- Confirm the transaction and wait for the machine to dispense the cash.
- Retrieve your card and receipt.
Alternatively, you can visit your bank and request a cash advance from your Visa card. Keep in mind that cash advances often come with high fees and interest rates.
For more information and assistance, contact your bank or visit the Visa website.
Additional Tips to Maximize Your Visa Gift Card Value
If you have a Visa gift card and want to maximize its value, here are some additional tips to consider:
- Keep track of the expiration date: Visa gift cards have an expiration date, so make sure to use them before they expire
- Use the gift card for essentials: Use the gift card to buy groceries, gas, or other essentials to avoid spending money out of pocket
- Check the balance: Keep track of the remaining balance on your gift card to avoid going over the limit and paying for the difference
- Combine gift cards: If you have multiple Visa gift cards, you can combine them to make a larger purchase
- Use a mobile wallet: Some mobile wallets, such as Apple Wallet, allow you to store and use gift cards on your smartphone, making it more convenient to use your Visa gift card
By following these tips, you can make the most out of your Visa gift card and avoid letting it go to waste.
Can I combine multiple Visa gift cards?
Yes, it is possible to combine multiple Visa gift cards to make a single purchase, but there are some restrictions and limitations. Here are some things to keep in mind:
- Most merchants won’t allow you to combine more than one or two gift cards per transaction.
- You might be able to transfer the balances of your gift cards to a single card, but you may need to pay a fee to do this.
- Some websites, such as GiftCardGranny, allow you to exchange your unwanted or partially used gift cards for a single card with a combined balance.
Before attempting to combine your gift cards, be sure to read the terms and conditions of each card and check with the merchant to ensure they accept multiple forms of payment.
Recommended Websites for Selling or Exchanging Gift Cards
If you are looking to sell or exchange your Visa gift card, it is important to use trustworthy websites or services to ensure that you are getting a fair price and avoiding scams. Here are some recommended websites to consider:
Cardpool
Cardpool is a website that buys gift cards from consumers and resells them to other customers at a discount. They offer competitive rates and promise to pay you within 1 business day of receiving your gift card.
Gift Card Granny
Gift Card Granny is a gift card exchange platform that allows you to trade or sell unwanted gift cards for cash or other gift cards. They compare offers from several different gift card exchanges to help you get the best deal.
Raise
Raise is a gift card marketplace that allows you to sell or exchange your gift cards for cash or other gift cards. They offer competitive rates and have a user-friendly platform that makes it easy to buy, sell, or exchange gift cards.
Conclusion
In conclusion, if you have a Visa gift card and would prefer cash instead, there are several options available. You can sell your gift card online, trade it for another gift card at a different store, or use a third-party service to exchange it for cash. Whatever method you choose, always make sure to use trustworthy websites or services to ensure that you are getting a fair price and avoiding scams. By following these tips and recommendations, you can make the most out of your Visa gift card and convert it into the cash that you need.
