How to Cash in on All the Gift Cards You Didn't Really Want

Getting stuck with a gift that you don’t want can put a damper on the holiday cheer, but there are a few ways to get rid to those pesky gift cards taking up room in your wallet.

While gift cards may be the most popular gift of the holiday season, not every one is a hit for the receiver. Whether it’s a card to a store you’ve never heard of, one to a store you’d never even fathom stepping into, or there was something else on your wish list that you were hoping Santa would bring you, there are a few options for what you can do.

If you’re looking to get rid of a gift card, you can either trade it in online or sell it. While you won’t receive the full value of the gift card, you can expect to receive anywhere from 54 percent to 92 percent of the card’s value, Money reports.

When selling or trading in, you may be tempted to do it as soon as the holiday is over, but if you’re looking to get the most out of your unwanted present, consider holding onto it until summer, when websites are being flooded with other people trying to sell gift cards. You should also shop around a little before deciding which site to sell or exchange your gift card to. Popular sites include GiftCardGranny.com, Cardpool.com, ABCGiftCards.com, and CardCash.com. If you’re looking to sell your gift card in person, look for Cardpool.com kiosks or a Target trade-in.

If you’re simply hoping to spread the holiday cheer, you can also donate your unwanted gift card to a charitable nonprofit.