Maybe you have bought a few things with a Best Buy gift card that you received from a friend, and now you’re not sure how to spend the money that remains on the gift card. If that’s the case then you have probably thought about selling the gift card. To successfully execute that plan you’ll need to know if Best buy does buy gift cards. Best Buy gives customers three types of gift cards to choose from, these range from physical cards, to electronic cards, and the last one is the corporate gift card. The gift cards come loaded with funds from as little as $5 to $500. The gift cards do not expire, so you can use them at any time, all gift cards can be used for shopping in-store and online purchases.
Best Buy does not have a buy-back policy for gift cards. They do not allow you to exchange your gift card for cash, trade it in, resell it or redeem any remaining funds on the gift card for cash. There is no official way to switch your gift card and get cash.
Ways to get cash for Bet Buy gift card
Since Best Buy doesn’t offer buybacks on their gift cards, you need a way to convert your gift cards to cash. There are some ways to get around Best Buy’s non-existent buy-back policy. These include:
- Use the funds on the gift card to purchase items from best but and return the ones you don’t want for a full cash refund.
- Buy things from Best Buy and proceed to sell them.
- Make your gift card available on an electronic marketplace.
- Reddit, you can engage in online exchanges on Reddit.
- Sell it to a family member or friend.
- Exchange it at a Coinstar Kiosk
Buy from best buy and return for a cash refund- Best Buy does offer customers a full cash refund on items that customers purchased and no longer want. This is because the store understands that people change their minds quite often. However, when choosing to go this route, you must remember to practice this method in moderation. If you do it regularly, you will definitely raise some suspicion.
Buy from Best buy and resell- One of the other options at your disposal is to use the best buy gift card to start an eCommerce business. One reason to use this method to convert your gift card into cash is that it has the potential to earn you more money than what was spent. With eCommerce, you can place a markup on the product you bought from best buy so that you not only get back what you spent to buy them but also something extra.
eMarketplace listing- If you would rather just get rid of the card without additional work, then the easiest solution is to list it on an eMarketplace. These are places like eBay and Craigslist. By listing your unwanted gift card on electronic marketplaces, you stand to make more money than is available on the card because you name your price.
Reddit exchange- Reddit is a very popular platform for many reasons. One such reason is that it has a subreddit that is specifically designed to facilitate gift card exchanges. On the subreddit, you can either swap your best buy gift card for another gift card or for cash. Reddit allows you to also see the thoughts of others who have made use of the gift card exchange.
Friend or family to buy from you- One of the easiest ways that you can get rid of your gift card and get cash in return is to sell it to a friend or family member. You see when you no longer have anything you want to purchase from Best Buy you may know someone who has a couple of things they want to purchase from Best Buy. Let them use the card and refund you in cash.
Visit a Coinstar kiosk- Of all the ways you can exchange your Best Buy gift card for cash, the most convenient is the Coinstar gift card exchange Kiosk. This option is only viable I the gift card you have is a physical one. There are multiple Coinstar Kiosks spread across the United State.
Conclusion
Best Buy doesn’t buy back gift cards, they have no buy-back policy that allows you to redeem your unused gift card balance for cash. However, there are ways that you can offload your Best Buy gift card and get cash in return.
Frequently asked questions.
- Can I get cash for my best buy gift card? Yes, you can get cash for your Best Buy gift card just not from a Best Buy store because they don’t buy back gift cards.
- Is a gift card transferable?
Yes, it is, you can let someone else use your best buy gift card for their purchase and refund you in cash.
