Gift cards are a popular way to give and receive gifts, but did you know that you can also buy and sell them for a profit? The gift card market is a multi-billion dollar industry, and with the right strategies, you can find the best gift card rates and make the most of your gift card purchases.
In this article, we will explore the top 5 strategies for finding the best gift card rates, including comparing gift card exchange rates, checking gift card resale sites, using gift card comparison tools, looking for promotions and discounts, and considering alternative gift card options.
Strategy 1: Compare Gift Card Exchange Rates
The first strategy for finding the best gift card rates is to compare exchange rates among different gift card exchange websites. There are several websites that allow you to buy and sell gift cards, including Raise, Cardpool, and GiftCardGranny. Each website offers different exchange rates, so it’s important to compare them to find the best rate.
For example, let’s say you want to buy a $100 Amazon gift card. You check the exchange rates on Raise and Cardpool, and find that Raise is offering a rate of 90% of the face value, while Cardpool is offering a rate of 85%. In this case, you would want to buy the gift card on Raise to get the best rate.
Strategy 2: Check Gift Card Resale Sites
The second strategy for finding the best gift card rates is to check gift card resale sites such as eBay, Craigslist, or Facebook Marketplace. These websites allow individuals to buy and sell gift cards, often at discounted prices. You can often find gift cards at a lower price than their face value, which can be a great way to save money.
For example, let’s say you want to buy a $100 Target gift card. You check eBay and find a seller offering a $100 Target gift card for $80. In this case, you would be able to buy the gift card at a discount and save $20.
Strategy 3: Use Gift Card Comparison Tools
The third strategy for finding the best gift card rates is to use gift card comparison tools such as Gift Card Compare or CardHub. These tools allow you to compare exchange rates across multiple websites, making it easy to find the best rate.
Strategy 4: Look for Promotions and Discounts
The fourth strategy for finding the best gift card rates is to look for promotions and discounts offered by gift card exchange websites or retailers. Some websites may offer bonus cash or discounts for certain gift cards, which can be a great way to save money.
For example, let’s say you want to buy a $100 Best Buy gift card. You check the Best Buy website and find that they are offering a $10 discount on gift card purchases. In this case, you would be able to buy the gift card for $90.
Strategy 5: Consider Alternative Gift Card Options
The fifth strategy for finding the best gift card rates is to consider alternative gift card options. Some top Gift card Rates offer better or more flexibility than others. For example, you may be able to find a gift card that can be used at multiple retailers, or a gift card that offers cash back or rewards.
For example, let’s say you want to buy a $100 gift card that can be used at multiple retailers. You check the Visa website and find that they offer a gift card that can be used anywhere Visa is accepted. In this case, you would be able to use the gift card at a variety of retailers, rather than just one specific store.
By following these five strategies, you can find the best gift card rates and make the most of your gift card purchases. Remember to always read the terms and conditions and check for any fees or restrictions before making a purchase.
Additionally, here are some tips to keep in mind:
- Be cautious of scams or fraudulent websites
- Check the website’s reputation and reviews
- Read the terms and conditions carefully
- Consider the fees and restrictions
- Look for customer support and contact information
By being informed and doing your research, you can find the best gift card rates and make the most of your gift card purchases.
Conclusion
Finding the best gift card rates can be a challenge, but by following these five strategies, you can make the most of your gift card purchases. Remember to compare exchange rates, check gift card resale sites, use gift card comparison tools, look for promotions and discounts, and consider alternative gift card options. By being informed and doing your research, you can find the best gift card rates and make the most of your gift card purchases.
