Target is now buying your unwanted gift cards - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Target is now buying your unwanted gift cards

Pretty much everyone has received a gift card to a store they just never shop at. But Target might have a way to make that card actually worth something to you. 

The retailer is exchanging unwanted gift cards for in-store credit at a reduced rate. 


Unfortunately, the loss isn't small. For instance, Fortune found a $100 Wal-Mart gift card traded in for an $85 Target card. Still, it's probably better than letting a useless gift card take up space in your wallet forever. 

Target's program is far from a new concept. Sites like GiftCardGranny.com and Cardpool.com both offer the same service and, depending on the card, may actually offer a more even exchange than Target. 

But on the other hand, Target offers the convenience of being able to go to a store and immediately get credit to spend.

The National Retail Federation estimates $25.9 billion in gift card spending in 2015. 

Copyright 2015 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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