Easiest Way to Get Cash for Gift Cards?

I've seen there's some websites that purchase gift cards, but i'm unsure how reliable they are, also haven't seen much recent discussion over them so any advice is appreciated.

I won $1000 in gift cards ($500 coles plus, then another $500 (in $50 increments) in coles group & myer), but I do not want gift cards. I know people use the classifieds here but I'm a little hesitant with there being no safety net. What do?

Comments

  • +2

    @deon hong

    • +2

      Deon: I’ll be back on the streets within 48 hours
      Justice system: we’ll try and make it 24 :)

  • If for some reason you don't want to use them, offer to trusted family or friends?

    • -1

      I don't want to use them but I do want the money :) - I've contacted some people initially however they haven't been too keen, especially for the $500 one since it's limited to just Coles

      • +1

        How much of a discount did you offer on them?

        • +1

          cost, might not be said evident to OP but you need to offer your friends and family a discount - probably 10%

  • -2

    Bikies

  • You don't buy groceries?

    • Sure I do, I would just prefer the money right now than use gift cards over the next month

      • +1

        You'll be giving up actual $ terms to exchange them for cash.
        Likely at least 10% to a random stranger.

        That's a pretty terrible roi in the space of a month or 2 if you'd legitimately be able to use the cards for regular grocery visits.

  • The safest way is either friends or family you trust.

    If not, you may need to entice them with a discount.

    Personally I wouldn't buy a GC at full price, where's my benefit out of the trade?

    If all else fails, you need to save it and just use it over time.

  • +1

    You need to offer at least 10% discount. Ie $450.
    It’s no risk to buy GC from Coles with a 5% discount through your Autoclub or health fund for example.

  • Do you not buy groceries?

    Just give them to people for Christmas presents?

  • Do you need the money for groceries and petrol?

    • Drugs?
      .

  • I'll give you $800 for them

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