Unlock the value of your unused gift cards and turn them into cash with our easy-to-follow guide. We understand the frustration of receiving a gift card that you may never use, which is why we have compiled a step-by-step process to help you cash in on these forgotten treasures. Whether you have gift cards from your favorite store or restaurant, our guide will provide you with the tools you need to turn them into real money. Say goodbye to wasted gift cards and hello to extra cash in your pocket!
What is an unused gift card?
An unused gift card is a prepaid card that has a certain monetary value and can be used to purchase goods or services at a specific store or retailer.
Why do people have unused gift cards?
People have unused gift cards for various reasons such as forgetting about them, receiving them as gifts for stores they do not frequent, or not finding anything they like at the store.
How can you cash in your unused gift cards?
You can cash in your unused gift cards by selling them online, using them to purchase items you need or want, or donating them to a charity.
What are the benefits of cashing in unused gift cards?
Cashing in unused gift cards can help you declutter your wallet, free up space in your home, and provide you with extra cash or the ability to purchase items you need or want.
What are some tips for getting the most value out of your unused gift cards?
Some tips for getting the most value out of your unused gift cards include using them before they expire, checking the balance before making a purchase, and researching the best ways to sell or trade your gift cards.
2. You can use the cash you get from your unused gift cards to pay off bills, save for a rainy day, or even fund a fun vacation or shopping spree.
When it comes to gifts, purchasing and giving a gift card makes shopping for any occasion quick, easy, and best of all convenient. On the other hand, if you are the recipient of a gift card and have no plans to use it, you may not realize its value. You may even feel it will only go to waste or it will just collect dust in some corner in your miscellaneous drawer. We will check the balance with our online system and pay you cash for the value of the gift card. Kamaaina Loan Address 96 N. Market St. Phone Thank you for contacting us. We will contact you shortly. First Name Last Name. Phone Number. Zip Code. Example Yes, I would like to receive emails from Kamaaina Loan. You can unsubscribe anytime. FAQ What if I made a minimal purchase but there is still an unused balance? Can I still turn it in? Kamaaina Loan will verify the balance on the card first, then give you cash for that card. What if my unused gift card is for a business that is not located on Maui. Yes, Kamaaina Loan will accept a wide variety of gift cards, even for retail or restaurant chains that do not have a local presence on Maui. Yes, VISA gift cards are also welcomed to be turned in for cash. What if I cannot remember how much my gift card is worth? Kamaaina Loan will verify the balance with their online system. Yes, if the card is expired. Monday Friday 9 am 6 pm Saturday Sunday 10 am 4 pm. July 11, – pm. Parking Park in the angled spots on Market Street, or turn right on Vineyard and make an immediate right into Kamaaina Loans free customer parking. Contact us Aloha! Constant Contact Use. Please leave this field blank. Emails are serviced by Constant Contact.
A new Bankrate. More from Personal Finance These summertime activities may impact your taxes The dos and donts of investing during inflation 10 work-from-home jobs that pay six figures. Still, people should make a plan to put these funds to work, said Ted Rossman, senior industry analyst at Bankrate. Millennials, in particular, were most likely to have unused credits sitting around with no plans to put the money to use, the survey found. The good news is that most gift cards do not expire until after five years, if they do at all, Rossman said. But cardholders are still susceptible to losing those funds because they may misplace the cards, forget about them or forfeit the ability to trade them in if a store goes out of business. The best way to remedy that is to assess your outstanding store credits and make a plan to use the money. Alternatively, you could also try to resell the card at websites like CardCash. Bottom line Dont just let it sit around, Rossman said. Skip Navigation. Key Points. Because those unused funds could be lost, the best strategy is to come up with a way to spend it. If youre like many Americans, you could be sitting on a small financial windfall. VIDEO
The plastic cash substitute has been the most popular holiday item on shoppers lists for 13 years in a row. In alone, U. But a lot of that money is winding up at the bottom of dresser drawers and forgotten in wallets. Gift cards are usually spent within the first year from the date of purchase. But if youre one of those who has sat on a gift card for longer than 12 months, youre not alone. A federal consumer protection law stipulated that most gift cards cannot expire within five years from the date they were activated and placed limits on inactivity fees. And for consumers who prefer having cash on hand instead of shopping, online sites like Cardpool and Raise sell unwanted gift cards. Companies use a complex set of guidelines set by the Federal Accounting Standards Board to determine what amount of breakage a company can claim as revenue. However, before a company can claim that money, retailers in some states have a legal obligation to return it to the buyer. Once that threshold is met, unspent gift card money doesnt always go back to the retailer. Some of that cash actually can be diverted to state governments. Sue Brown, director of the prepaid advisory service at the Mercator Advisory Group. Watch this video to find out more about what happens to gift card money that hasnt been spent. Why US hospitals are closing What airlines are doing to clean their planes. Skip Navigation. Americans love gift cards. And the U. Leftover money in the gift card industry is called breakage. Looking for a new job? Heres why you should hold off on updating your resume. Robert Exley Jr. Didnt get the last stimulus check? Theres still time to claim it. Carmen Reinicke. Read More.