Does Walmart Buy Gift Cards in 2022? (A Must-Know Hack for Getting Cash Back)
If you have unused gift cards taking up space in your wallet or dresser drawer, you‘re not alone. In fact, it‘s estimated that over $21 billion in gift cards go unused each year. But don‘t let your gift cards go to waste – big retailers like Walmart offer gift card exchange programs that let you trade-in unwanted cards for Walmart credit.
In this detailed guide, we’ll cover everything you need to know about getting cash back for unwanted gift cards through Walmart‘s program with CardCash in 2022. With the right approach, you can get up to 95% of your card’s value back.
How Walmart‘s Gift Card Exchange Program Works
Walmart partners with CardCash, a trusted third-party gift card exchange website, to buy back unused gift cards from over 200 top brands and convert them into Walmart e-gift cards.
It provides a convenient way for customers to exchange unwanted physical or e-gift cards and put the money towards Walmart purchases instead. The process is entirely online – you‘ll trade-in your old gift card and receive a Walmart e-gift card by email shortly after.
Key Stats:
- Over 200+ brands available for exchange including Target, Amazon, Starbucks
- Recover 70-95% of original gift card value
- Higher payouts when opting for a Walmart e-gift card vs. cash
- 5-10 minute process completed fully online
Now let‘s dive into the details on how much cash back you can expect, the gift card exchange process, and tips to maximize value.
How Much Can You Get Back for Gift Cards?
When you exchange gift cards through CardCash, you won‘t receive 100% of the original value. Instead, the payout rate typically ranges from 70% to 95% depending on the card.
Here is a breakdown of the typical cash back rates:
- Non-Walmart gift cards exchanged for cash = 70-80% of original value
- Non-Walmart gift cards exchanged for a Walmart e-gift card = 80-97%
- Walmart gift cards exchanged for a new Walmart e-gift card = 90-97%
For example: If you have a $100 Target gift card, exchanging it for cash would get you $70 to $80 back. Getting a $100 Walmart e-gift card instead would net $80 to $97 in value.
The best return comes from trading gift cards from other retailers for Walmart e-gift cards. You‘ll get back a bigger percentage of the original amount rather than just cash.
What Gift Cards Are Eligible for Exchange?
CardCash offers an extensive catalogue of brands available for gift card exchange, including all the most popular restaurants, retailers, and entertainment options.
Here is a sampling of some of the eligible gift cards:
- Retail: Target, Amazon, eBay, Best Buy
- Restaurant: Starbucks, Olive Garden, Chipotle, Panera Bread
- Entertainment: Netflix, Hulu, PlayStation, Xbox, AMC Theaters
- Grocery: Kroger, Safeway, Whole Foods, Albertsons
- Travel: American Airlines, Southwest, Airbnb, Hotels.com, Carnival, Royal Caribbean
- Apparel: Nike, Adidas, TJ Maxx, Nordstrom, Old Navy
The full list is constantly updated based on consumer demand and seasonality. Around the holidays, more restaurant and retailers typically become available. If you don‘t see a particular brand, you can contact CardCash support for guidance.
Step-by-Step: How to Exchange Gift Cards on CardCash
Exchanging your unwanted gift cards through the CardCash platform is quick and straightforward. Here is the step-by-step process:
Visit CardCash.com and click "Sell Your Gift Cards"
Enter your gift card details – This includes the merchant, card number, expiration date, and balance. For e-gift cards, you will need to provide the claim code.
Verify your information – Double check all the details entered are correct.
Review the exchange offer – CardCash will make an instant offer based on the current exchange rate for that merchant. Make sure the estimated value looks reasonable.
Select your payout – Choose whether you want to be paid out in cash to your bank/Paypal or receive a Walmart e-gift card instead.
Complete the exchange – Provide your email and preferred payment details to finish the transaction.
That‘s it! The whole process takes about 5-10 minutes and can be done entirely online. Once complete, you‘ll receive your new Walmart e-gift card via email in just a few hours typically.
Pro Tip: CardCash sometimes offers bonuses like an extra 5-10% value during promotions. So make sure to look out for any limited time deals.
Can You Use the Walmart E-Gift Card In-Store?
Yes, one of the great things about the digital Walmart gift card from CardCash is that it can be used conveniently both online and in-store.
When shopping in-person at Walmart, you have two options:
Print out the email containing the gift card details and barcode to scan at the register.
Save the email on your phone and show it to the cashier for them to enter manually or scan.
This makes the e-gift card just as handy as a plastic gift card. You don‘t have to wait for a physical card to arrive in the mail.
Tips to Maximize Your Return When Exchanging Gift Cards
As an experienced reseller, here are my top tips for getting the highest payout when trading in gift cards through CardCash:
Opt for a Walmart e-gift card over cash back – You‘ll typically get 80-97% of the value instead of 70-80%.
Exchange soon after receiving – Trade gift cards in within 6 months for the optimal exchange value.
Take advantage of bonuses and promotions – CardCash sometimes offers bonuses like 5-10% extra value during special sales.
Exchange restaurant cards early in the week – Monday and Tuesday tend to have better rates for restaurant brands.
Monitor daily rate fluctuations – Exchange values vary day to day, so check back if you don‘t love the initial offer.
Buy discounted gift cards to exchange – You can find 10-30% off gift cards on sites like Raise and then trade those in to maximize profit.
Focus on exchanging larger balances – The profit margins are bigger on high-value cards despite the same exchange rate.
Stick to mainstream brands – Popular retailers like Target, Starbucks, and Amazon tend to have the best and most stable rates.
Using these tips can help boost your profits when exchanging unwanted gift cards through Walmart and CardCash.
The Bottom Line: An Easy Hack for Getting More Value from Gift Cards
Trading unused or unwanted gift cards for Walmart e-gift cards is a brilliant hack for clearing out old cards and getting up to 95% of the original value back.
The CardCash exchange process takes just minutes and you‘ll have a digital Walmart card to use right away. With over 200 top brands eligible for exchange, you‘re bound to have some forgotten cards you can turn into Walmart credit.
Just be sure to check the latest exchange rates and take advantage of promotions to maximize your return. With the right approach, you can efficiently convert all those unused gift cards into Walmart purchases.
