What gift cards can be redeemed for cash?
If you want to get money from a store gift card, then Yes! You can get cash off a gift card if it’s a closed-loop gift card (one that is only usable at a particular store) by selling it to a gift card reseller. For example, you can get cash from a Target gift card, a Sephora gift card, a Home Depot gift card and more.
Can you get cash for gift cards in California?
Gift certificates and gift cards are covered by statutes setting these basic rules: Effective January 1, 2008, any gift certificate with a cash value of less than $10 is redeemable in cash, which includes currency or check, for its cash value. California laws governing gift cards and gift certificates cannot be waived.
Can you convert gift cards to cash?
If you want to turn a gift card into cash, exchange it for cash online, trade it in at a kiosk at your local grocery store, or simply sell it to a friend. Visit a website like Cardpool or Raise, which will purchase the card from you.
Are stores required to cash out gift cards?
What is the maximum statutory amount they must return? According to the National Conference of State Legislatures (NCSL), 10 states require retailers to provide a cash refund, up to a certain amount, for a gift card’s remaining value (see Table 1).
Can you get money off a gift card at an ATM?
A: Yes. You may withdraw cash against the balance on most Mastercard prepaid and gift cards at any ATM. However, not all prepaid and gift card issuers allow ATM or foreign transactions. Be sure to check with your card issuer to ensure that these types of transactions are permitted.
Can you convert a gift card to cash?
Sell your gift cards for cash Companies like Raise and CardCash let you sell gift cards for as much as 92 percent cash back. While you won’t walk away with 100 percent of the value of the card, you can use these sites to turn old gift cards into cash—which you can then use to buy whatever you’d like.
Do stores buy back gift cards?
Like unwanted gifts, consumers can sometimes return unwanted gift cards to the stores where they were purchased and get the money back. But as you would expect, the answer is often no.
How much will Coinstar pay for gift cards?
The Coinstar gift card exchange rate is one-to-one when it comes to gift cards. That is, whatever the value of the coins you put into the kiosk is how much the gift card it gives you will be worth. There is, however, an 11.9% service fee for exchanging coins for notes.
Which states require cash back on gift cards?
At least ten other states currently have a provision in their respective gift-card laws that requires an issuer to redeem a card for cash upon request in certain circumstances. Those states include Colorado, Maine, Massachusetts, Montana, New Jersey, Oregon, Rhode Island, Texas, Vermont, and Washington.
What is the California law for gift cards?
Mall/multiple-store gift cards: California law allows merchants to impose service fees and expiration dates for cards that can be used at multiple, unaffiliated businesses. If the balance is $10 or more, a business doesn’t have to redeem a gift card or the balance left after a purchase for cash.