Gift Card Exchange Day: A chance to fix Christmas.Posted by Donna Freedman on Dec 23, 2013 | 4 comments
Maybe it’s a steakhouse card from the grandparent who doesn’t understand what “vegan” means, or a gift card to a store where you’d never willingly shop.
Or perhaps a well-meaning pal sent a movie theater gift card, but your new apartment is an hour-long bus ride away from that particular chain.
The easy answer: Sell the gift card on the secondary market.
The best day to do it: Dec. 26, aka Gift Card Exchange Day.
Rates are supposed to be at their highest on this day. Certainly the resellers stand to rake in a lot of inventory: According to the National Retail Federation, just over 80% of shoppers will be gifting with gift cards this year. Those who don’t want the cards, or who need the money more than the scrip, will surely be looking to sell.
Incidentally, I know that some people think that gift cards are by definition “inappropriate.” So if you receive a card on Dec. 25, by all means sell it and use the money to buy something you really want.
Your thank-you note has only to say, “Thanks for thinking of me during the holiday. Your generous gift will be put to good use.” And it will.