Target Is Now Buying Your Unwanted Gift Cards

The retailer has announced a new program that lets shoppers trade in gift cards from other stores for a Target gift card.
SMS

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. (Video via Target)

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. 

This video includes images from Getty Images.

Featured Stories
Milo Yiannopoulos speaks during a press conference

Milo Yiannopoulos Leaves Breitbart News But Isn't Going Down Quietly

President Donald Trump.

Trump's Sanctuary City Fight Could Hurt His Infrastructure Plans

The Swedish flag.

Stockholm Rioters Destroy Cars After Trump Cites Sweden's 'Problems'

Now Watching
Target Is Now Buying Your Unwanted Gift Cards
Want to see more stories like this?
Like Newsy on Facebook for More Business Coverage