Maximizing Your Gift Card Value: The Ultimate Guide to Transferring Amazon Gift Card Balances
Do you have an Amazon gift card balance that you don't know how to fully utilize? Are you struggling to find the perfect item to spend your gift card on? Well, fear not, because this ultimate guide to transferring Amazon gift card balances will show you how to maximize the value of your gift card!
Transferring your Amazon gift card balance can come in handy when you want to use it on a site or service that does not accept Amazon gift cards. For example, you can transfer your gift card balance to PayPal, which opens up a world of possibilities for your spending options.
But that's not all. This guide will also reveal how to use your gift card balance to purchase discounted gift cards from other brands, allowing you to stretch your gift card value even further!
If you want to ensure that you are getting the most out of your Amazon gift card, then this guide is a must-read. Follow our step-by-step instructions and start maximizing the value of your gift card today!
Introduction
If you're reading this article, chances are you have received an Amazon gift card as a present or scored one through a rewards program but doesn't want to use it to buy another item from Amazon. Fortunately, transferring Amazon gift card balances is possible in various ways, and that's what we'll discuss in this ultimate guide.
Option 1: Sell Your Amazon Gift Card
Several sites allow you to sell your Amazon gift card balances for cash or other gift cards, some with varying fees and payment methods. For instance, you can use CardCash, Raise, or Gift Card Granny to exchange your unwanted Amazon gift card for a different valuable card type.
Comparison Table: Selling Amazon Gift Cards
| Site | Fees Charged | Payment Methods | Type of Card Offered in Exchange |
|---|---|---|---|
| CardCash | Depends on the card's value (now ranges from 2%-20%) | Paper check, PayPal, direct deposit. | Cash or gift cards from 100s of retailers. |
| Raise | 15% fee reduced for every sale. For instance, $100 card sells for $85. | Different payment option such as direct deposit, PayPal or check. | Gift cards only. |
| Gift Card Granny | Varies based on market conditions | Direct deposit, PayPal, or paper check | Cash or gift cards for retailers such as Home Depot, Walmart etc. |
Opinion:
CardCash is the most convenient and offers the best value for your Amazon gift card, but Gift Card Granny has a broader range of alternative outlets for trading.
Option 2: Redeem Your Amazon Gift Card for Cash Via a CoinStar Kiosk
If you prefer getting your cash immediately, you can walk into any of the nearest Coinstar kiosks, which has over 20,000 outlets worldwide.
Comparison Table: Coinstar Kiosk
| Redemption Method | Fees Charged | Type of Coin-Operating Kiosk Available | Locations and Availability | Limits |
|---|---|---|---|---|
| Amazon Gift Card to Cash | 11.9% (but reduced to 0% with eGifts) | Only one kiosk for that but available all season. | Over 20000 kiosks located at Walmart, Safeway, Albertson, several retail shops. | 300$, but temporary based on the location |
Opinion:
Using a CoinStar kiosk is a simple and convenient way of converting your Amazon gift card into cash without waiting for the period it takes to make a sale via a gift card exchange site. However, the charged fee is high -11.9%, hence lowering your profits.
Option 3: Use Your Amazon Gift Card to Purchase other Gift Cards
If you're flexible in how you plan to use your gift card, you can purchase other gift cards on Amazon using the Amazon gift card balance.
Comparison Table: Using Amazon Gift Card to Purchase other Gift Cards
| Seller/ Site | Fees Charged | Type of Gift Cards Available |
|---|---|---|
| Amazon Gift Cards | FREE | Gift cards available include food, fashion, sports equipment, and more. |
| Gyft | Different fee based on particular store value. | Gift cards for designer clothes, online games, rideshares, restaurants taxi, etc. |
| Coinstar Exchange | Varies based on market conditions. | Other gift cards re-sellable in marketplaces. |
Opinion:
Using your Amazon gift card to swap a gift card that you can use elsewhere is advantageous. You get to select what's most valuable to you and avoid unproductive holiday gifts with Amazon gift cards. However, some gift card exchange sites may charge transaction fees or service costs, cutting into your overall profit.
Option 4: Spend Your Amazon Gift Card in Different Ways
Redeeming or swapping your Amazon gift card balances isn't the only way you can maximize their value. You can use them in creative ways, such as the following:
Comparison Table: Spend Amazon Gift Card in Different Way
| Sites/ Merchants | Type of Products and Credit Limit | Additional Perks |
|---|---|---|
| Amazon Appstore Credit | $10 – $500 credit per account | App and games at Amazon store available for purchase. |
| Amazon Gift Cards Balance Reload | Minimum $0.50 and maximum $2000 per transaction. | 5% reward points when using an Amazon gift card balance to reload. |
| Amazon Prime Membership | $39 per year for students or $119 annually for others | Free two-day shipping, streaming services, exclusive discounts and deals, and more. |
Opinion:
While it's possible to transfer your Amazon gift card balance, you have other options, including unorthodox ones like getting Kindle ebooks or buying a Prime membership. If you regularly use Amazon, using your gift card for an Amazon Prime membership can lead to long-term savings.
Conclusion
If you have an Amazon gift card you don't want, there are several ways to get value from it beyond gifting it to someone else. Some ways are better than others, depending on how quickly you need the cash or what your priorities are. With the alternatives listed in this ultimate guide, you can make your gift card work for you instead of letting it sit idle.
Thank you for taking the time to read through our Ultimate Guide to Transferring Amazon Gift Card Balances. We hope this guide has been helpful in providing you with valuable insights on how to maximize the value of your gift cards.
If you have any questions or comments, please feel free to leave them below. We would love to hear your thoughts and suggestions on how we can improve our guide further.
Remember, transferring your gift card balance can be a great way to get the most out of your gift card. With the right information and tools at your disposal, you can avoid unwanted fees, find the best rates and even earn cashback on your transactions. So go ahead and start exploring your options today!
People also ask about Maximizing Your Gift Card Value: The Ultimate Guide to Transferring Amazon Gift Card Balances:
- Can you transfer Amazon gift card balance to another account?
- Yes, you can transfer your Amazon gift card balance to another account by logging in to your Amazon account and clicking on Gift Cards then Manage Gift Cards. From there, select Transfer Balance and enter the recipient's email address.
- How do you get cash from an Amazon gift card?
- You can get cash from an Amazon gift card by selling it on a gift card exchange website such as Cardpool or Raise. These websites will purchase your gift card for a percentage of its value in cash.
- Can you use an Amazon gift card to buy another gift card?
- No, Amazon gift cards cannot be used to purchase other gift cards on Amazon.
- What is the best way to use an Amazon gift card?
- The best way to use an Amazon gift card is to wait for a sale or promotion on products you want to purchase. You can also use it to purchase items that are not sold in physical stores or to buy digital content such as music, movies, and books.
- Can you use an Amazon gift card after it expires?
- No, Amazon gift cards cannot be used after they expire. It is important to use your gift card before the expiration date to avoid losing the funds.