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- Target gift cards cannot be exchanged for cash directly, except where required by law.
- Selling your Target gift card to a third-party store like Check Into Cash is one way to turn it into cash.
- Online platforms such as CardCash, Gift Card Granny, and Raise allow you to sell Target gift cards for cash.
- You can transfer the balance of your Target gift card to PayPal or Venmo and link them to your bank account.
- Gift card kiosks offer another quick option to sell your Target gift card for cash or store credit.
- Buying items with your Target gift card and reselling them can help you make a profit and effectively turn it into cash.
- You can claim any remaining balance on your Target gift card by using it in combination with other payment methods.
- Trading your Target gift card for one from another retailer can offer better value depending on your needs.
How to Turn Target Gift Card into Cash
If you find yourself with a Target gift card that you no longer need or wish to turn it into cash, you’re in the right place. Target gift cards are incredibly versatile for shopping at Target stores and online, but if you’re looking to convert the balance into money, there are several methods available.
This post will guide you through the different options for how to turn Target gift card into cash, including selling your gift card, transferring the balance to a payment service, and other creative ways to cash out.
Understanding the Limitations of Target Gift Cards
Target’s policy is clear: gift cards cannot be exchanged for cash or credit, except where required by law. So, before we dive into how to turn Target gift card into cash, it’s important to understand this limitation.
However, don’t be discouraged! While you can’t walk into a Target store and directly cash out your gift card, you still have several options for turning that card into usable money.
1. Sell Your Target Gift Card to a Third-Party Store
One of the most common ways to turn a Target gift card into cash is to sell it to a third-party store. These stores buy gift cards at a discount and offer cash in exchange. Here’s how it works:
Check Into Cash
Check Into Cash is a store that allows you to sell your gift cards for cash. To do so, simply visit a Check Into Cash location with your Target gift card and a government-issued photo ID.
They will evaluate the balance on your gift card and offer you a cash payout based on the value. While you won’t get the full value of the card, it’s a fast and easy way to exchange it for cash.
2. Sell Online for Cash
If you’re looking for a broader market, selling your Target gift card online can also help you turn it into cash. Online platforms allow you to sell or exchange your gift card for cash or another gift card. This method can be more lucrative than selling to a third-party store since you can set your own price.
Gift Card Exchange Websites
There are many websites where you can sell gift cards, including Target gift cards. Some popular platforms include:
- CardCash: This site lets you sell your gift card for cash, or you can opt to exchange it for a gift card to another store. The amount you’ll receive depends on the card’s balance and current demand for Target gift cards.
- Gift Card Granny: Gift Card Granny works similarly to CardCash. You can sell your gift card for cash or choose another gift card. They also allow you to list your Target gift card for sale to potential buyers.
- Raise: Raise is another online marketplace where you can sell gift cards. After listing your Target gift card, buyers can purchase it, and you’ll receive cash in return.
How to Sell Your Target Gift Card Online
Selling your gift card online involves listing the card’s value and waiting for a buyer. The process typically looks like this:
- Register on the website.
- List your gift card with details such as the remaining balance.
- Set your price (some websites offer a suggested rate).
- Wait for the sale to go through.
- Receive payment once the transaction is complete.
Selling online is a good option if you want to maximize your return, though it may take some time for the card to sell.
3. Transfer Your Gift Card Balance to PayPal or Venmo
Another great way to turn Target gift cards into cash is by transferring the balance to PayPal or Venmo. These digital wallets allow you to store money and transfer it to your bank account, turning your gift card balance into spendable cash. Here’s how to transfer your Target gift card balance:
PayPal
- Link your PayPal account to a payment method (bank account or debit/credit card).
- Add your Target gift card to your PayPal account using the “Add Funds” feature. PayPal will allow you to add the gift card balance to your account.
- Transfer the funds to your linked bank account.
Venmo
Venmo works similarly to PayPal. You can add funds from your Target gift card to your Venmo balance and then transfer the funds to your bank account. This method allows for easy access to your cash.
Both PayPal and Venmo are useful for converting your Target gift card into cash without the need to sell it to a third-party store.
4. Use Gift Card Kiosks
Gift card kiosks are machines you can find in some retail locations that allow you to sell your gift card for cash or store credit. These kiosks are often found in larger grocery stores or shopping malls. The process is simple:
- Visit a gift card kiosk location.
- Insert your Target gift card into the kiosk.
- Wait for the kiosk to assess the card’s balance.
- Receive a cash offer for the gift card.
- Accept the offer and collect your cash.
Kiosks can be convenient, but the payout may be lower compared to other methods like selling online.
5. Buy Items and Resell Them
Another way to turn your Target gift card into cash is by using it to purchase items you can then resell for a profit. This method requires a bit of effort but can be highly rewarding if done right. Here’s how:
- Buy products at Target that have a high resale value. Popular items include electronics, clothing, or even limited-edition products.
- Resell the items on platforms like eBay, Amazon, or Facebook Marketplace.
- Make a profit, which is effectively turning your Target gift card into cash.
This method can be lucrative if you’re able to find items with a strong resale value, but it does require some knowledge of the market and extra effort to manage the sales.
6. Claim the Remaining Balance on Your Target Gift Card
If you’re left with only a small amount on your Target gift card and don’t want to sell or exchange it, you can always use it in combination with another payment method.
Target allows you to use gift cards along with other forms of payment, such as debit or credit cards, when making a purchase. This ensures that you can still make use of the remaining balance, even if it’s a small amount.
If you’re unable to use the remaining balance on your card at the moment, you can always hang on to it for future purchases. Target gift cards don’t expire, so you can hold on to them until you’re ready to use the remaining balance.
Other Ways to Turn Target Gift Card into Cash
There are a few other creative methods to turn your Target gift card into cash:
Trade Your Gift Card for a Different One
You can trade your Target gift card for a gift card from a different store that may offer better value. For instance, some online services allow you to exchange your Target gift card for gift cards from retailers like Amazon, Walmart, or Home Depot.
This doesn’t technically give you cash, but it can make your gift card more useful, depending on what you need.
Use Your Gift Card for Low-Cost Items and Resell
If you purchase inexpensive items at Target using your gift card, you can often resell them for a profit. Items like video games, toys, or even household goods might be in demand on resale platforms. This allows you to convert your gift card into something that can eventually be sold for cash.
Frequently Asked Questions
Here are some of the related questions people also ask:
Can I exchange my Target gift card for cash at Target?
No, Target does not allow you to exchange gift cards for cash directly, except where required by law.
Where can I sell my Target gift card for cash?
You can sell your Target gift card at third-party stores like Check Into Cash, or online platforms such as CardCash, Gift Card Granny, and Raise.
How do I transfer money from my Target gift card to PayPal?
To transfer your Target gift card balance to PayPal, link the card to your PayPal account, and then transfer the funds to your linked bank account.
Are there kiosks that buy Target gift cards for cash?
Yes, gift card kiosks are available in some retail locations where you can sell your Target gift card for cash or store credit.
Can I resell items I buy with my Target gift card for a profit?
Yes, you can buy items at Target using your gift card and resell them on platforms like eBay or Amazon to make a profit.
What happens if I have a small balance left on my Target gift card?
You can use the remaining balance in combination with other payment methods at Target, or save it for future use, as Target gift cards do not expire.
Can I exchange my Target gift card for a gift card from another store?
Yes, some online platforms allow you to trade your Target gift card for a gift card from other retailers, such as Amazon or Walmart.
How long does it take to sell my Target gift card online?
The time it takes to sell your Target gift card online depends on demand and the platform, but it can take anywhere from a few days to a couple of weeks.
Is there a fee for using PayPal or Venmo to transfer my Target gift card balance?
There may be a small fee for transferring funds to your PayPal or Venmo account, depending on the method of transfer or the platform’s policies.
The Bottom Line
When it comes to figuring out how to turn Target gift card into cash, you have plenty of options. Whether you choose to sell your gift card online, use PayPal or Venmo, or take advantage of gift card kiosks, each method offers a way to convert your balance into money.
While Target itself does not allow direct cash redemption for gift cards, selling them to third-party stores or exchanging them online can help you unlock the value of your gift card in a way that suits your needs.
By using one of the methods outlined here, you can easily turn your unwanted Target gift cards into usable cash, giving you the freedom to spend the money wherever you want. Whether it’s through selling your card, using digital wallets, or getting creative with reselling, there’s no shortage of ways to cash out.
So, the next time you have a Target gift card burning a hole in your wallet, consider these options for turning it into cash.