Can gift cards be redeemed for cash in California?

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 gift cards 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.

Where can I convert my gift card to cash?

Where to Sell Your Gift Cards Near You

  • Gift Card Bin Store Locator. Gift Card Bin has more than 600 partner locations across the United States, all of which allow you to exchange your gift card for cash. …
  • Google Maps. …
  • Target. …
  • Gift Card Granny. …
  • Cardpool. …
  • Raise. …
  • CardCash. …
  • GameFlip.
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Can gift cards lose value in California?

In California, for example, it’s against the law for store gift certificates and gift cards to have an expiration date or dormancy fees (except under certain circumstances), and if the balance on the card is less than $10, you can redeem it for cash. (Cal. Civil Code § 1749.5).

CAN expired gift cards be redeemed?

Federal law prohibits gift cards and gift certificates from containing expiration dates that are less than five years after the date on which the card or certificate was issued, or the date that funds were last loaded onto the gift card (whichever is later).

Is it illegal to buy gift cards with gift cards?

Since there is no federal or state law dictating whether or not you can buy a gift card with a gift card, companies get to decide if they will allow consumers to use gift cards in their stores to buy other gift cards–that includes buying the same brand card or a third-party card.

How do I turn a gift card into cash?

Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you.

In what states can gift cards be redeemed for cash?

These are the states where you can redeem gift cards worth at most: $10—California. $5—Colorado, Maine, Massachusetts, Montana, New Jersey, Oregon, Washington.

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Can I transfer money from a gift card to my bank account?

Yes, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash. Unlike most prepaid cards, gift cards are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used indefinitely.

Can you exchange gift cards for cash at Walmart?

Walmart Offers Gift Card Trade-In Program If You Don’t Mind Getting Less Than The Card Is Worth. … Walmart is offering a promotion targeting the unwanted gift card crowd this year, allowing consumer to trade in their cards to more than 200 retailers for one to the big box store instead.

Can you exchange gift cards for cash online?

The two main sites that still buy unwanted gift cards from individuals are Raise and Cardpool — and they have very different business models. Cardpool buys cards directly from consumers. Raise lets you list the cards you want to sell on their marketplace.

Does Coinstar exchange gift cards for cash?

Coinstar does give gift cards in exchange for cash! All you have to do is go to a Coinstar kiosk, choose the gift card you want, put your coins in the slot and you’ll receive your gift card to use online or in-store.