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It’s not long until Christmas and for some of us it is inevitable that we are going to receive a gift card. It is a £5bn industry in itself after all.
I’m personally not a fan of them and in an older post queried whether it was time we stopped giving gift cards I’m under no illusion that I’m going to change peoples mind about buying them but if they think twice then that’s a result.
I don’t like how restrictive they are and the fact that some have expiry dates bewilders me.
I can see why companies love issuing them so much, they are a win win.
Not everyone that receives a gift card will spend them some, sticking them in their wallets and forgetting about them. What has the issuing company lost in you doing you not spending the voucher?
Depending on the value of the card, there is a likelihood that the recipient might have to top up their purchases with their own money, probably not a problem if the store has something that they were going to buy anyway but not so good if there is nothing that they need or want.
What are your rights as a recipient of a gift card?
Your rights are also complicated too when it comes to gift cards too. Have you ever taken a gift card back to the retailer and asked for the monetary value of the card? No, me neither and even if i had I doubt that I’d be walking out satisfied.
Which magazine have a great little article about your rights, I’d recommend that you give it a visit.
Why do people still give gift cards
I can see why people give them, I guess it’s a way of saying to the recipient that I’ve thought about what you like and here is a gift hard for that, but what is wrong with good old fashioned money? I can spend it where I like and it doesn’t have an expiry date.
With shops closing all the time, who knows whether the shop is going to be around while the gift card is still valid?
So if you do receive a gift card and you don’t know what to do with it or have nothing to spend it on rather than have it sitting in your wallet ever nearing that expiry date, here are a few ideas to get rid of them.
So what are your options for unwanted gift cards
Sell them on.
If you know that you aren’t going to get any value out of the gift card, why not sell it, but bear in mind that you aren’t going to get face value.
Before you go off and try and sell it on a classified or on Facebook marketplace, stop and ask yourself would you hand over your cash to a stranger for a piece of plastic that might have no value attached to it.
Instead consider companies like Zeek and Cardyard who specifically operate with the sole purpose of .
Card Yard offer you a set price for your card and if you are happy with what they have offered you send them your card and once it is validated you will receive your money.
Zeek charge you a minimum of transaction fee of £3 to sell your card or £1 if you elect for zeek credit. If you have a physical card they will try and convert it to an ecard, if this is not possible then you will have to send them your card.
It might seem odd that I’m suggesting that you regift them if I’m not a fan, but rather someone benefit from it than it going to waste. What’s great about regifting is that if you were going to spend the value of the gift card anyway, you’ve saved yourself a bit of money and I’m all for that.