A quick and easy way to to monetize all the gift cards that are sitting in your desk drawer.
As you might know by now, I love to try new products BUT I hate to shop. I rarely go to stores anymore and truthfully I don’t miss them one bit. Therefore, continue to go long Amazon and go short regional malls (for my investors out there). However, this week’s Find shows you there are other Internet retailers beside Amazon! First things first, you need to monetize all the gift cards that are sitting in your desk drawer. Sure, you have been meaning to take a special trip to Toys R’ Us to spend the $25 gift card from a birthday party … but that was 5 years ago! I recently collected all these cards and contemplated going to each store and spending them. However, the time involved in going to the store, finding something of equivalent value, the likelihood for getting something I don’t need/want, and the likelihood for spending more the than the gift card is sufficient disincentive for me. Therefore, I downloaded Cardpool and exchanged the gift cards for Amazon credit (or you can choose cash). Some cards allow this transaction to happen automatically, others require that you send in the gift card with a pre-printed label, depends upon the retailer. Cardpool is the largest marketplace for such gift cards (you can buy them at a discount as well), and therefore the reimbursements rates can be as high as 92%. Go you!