Well, there’s no deal here exactly. It’s an option to turn those unwanted gift cards sitting in your desk drawer into Starbucks beverages, food and mugs. We all have them somewhere — those gift cards you received from someone who doesn’t know your tastes very well. A gift card destined to go into the abyss, never to be used. (It’s the thought that counts, right?) It’s estimated that billions of dollars worth of gift cards go unused annually.
If you could magically change those cards into Starbucks gift cards, you probably would — knowing you would then definitely use them for your favorite morning latte or tea.
If you didn’t know, there’s a secondary market for unwanted gift cards. Basically, companies buy unwanted gift cards at below face value and, in turn, resell them for a little profit.
As a result, you will not receive the full amount of your unwanted gift card, but it’s better than a gift card being total wasted. And, given the popularity of Starbucks, the transaction could be a win-win for all involved, thanks to this offer from Card Cash.
It’s all about supply and demand, so the amount will be better for those gift cards in high demand. (Currently, the system accepts more than 200 brands.) There’s no commitment, so you don’t have to worry that you’ll be cheated or required to continue in the process.
Once they collect some basic information about the unwanted gift card, get an instant offer. You can accept the offer (and continue in the process) or pass on it completely.
As an example, a $100 Target gift card garnered an offer of a Starbucks gift card worth $82.95. (Remember, because it’s based on supply and demand, the amount may vary by day.)
After testing several different brands, the offers ranged from 75% to 80% of face value. To us, an unwanted gift card is like cash sitting in a desk drawer.
If you accept the offer, there’s a verification process to ensure everything is legit and you will receive your Starbucks gift card electronically within one business day.
If you’re wondering, Starbucks partnered with Card Cash to offer this option to its coffee-loving customers.
To get started, click here.
Any questions you might have about the program should be answered here.
MHOTC Tip: If you’re looking for 100% payback on an unwanted gift card, your best bet is to find a friend or family member who would use it. They might be willing to buy it from you at face value. Otherwise, you might consider using it to buy gifts for a birthday or holiday or even just re-gifting the card itself.