Every year, millions of people are on the receiving end of a gift card for Christmas. While there are those of us such as myself that absolutely love them, there are others that would rather have a gift or nothing at all. If you are on the receiving end of a gift card this year for a store or service you know you will not use – Wal-Mart will buy it from you and provide you with a Wal-Mart e-gift card!
This is a test program service Wal-Mart is offering for the first time this year, but if successful, it could become a permanent service.
You will not receive the full value of your gift card to use at Wal-Mart. For example, Amazon gift cards can be redeemed up to 95% of the face value, Gap up to 85%. For others, you may only receive 70% of the original card. Considering that over $1 billion worth of gift cards go unused each year (either due to losing them or not knowing what to buy), 70% is better than nothing at all, right?
Wal-Mart gift cards are the most sought-after on CardCash, the country’s largest gift card exchange website, said CardCash CEO Elliot Bohm. CardCash is Wal-Mart’s partner in the program. The financial terms of the deal weren’t disclosed. (source)
To exchange a card, go to https://cardcash.com and input your information and follow the prompts.
Consider the Alternatives
Instead of buying gift cards to give during the holidays or for birthdays and anniversaries, why not send your loved one a card with a life-changing contribution made in their honor to one of the Oxfam projects? Charity birthday gift cards are a great way to say I love you, happy birthday, and to help a person in need by utilizing one of their favorite charities.