Wal-Mart To Test Gift-Card Exchange
The retailer is testing an exchange where shoppers can trade gift cards from other merchants for Wal-Mart cards up to 95 percent of the card’s value.By Nathan Giannini | December 24, 2014
If you receive a stack of gift cards this Christmas to places you don’t really like shopping, fear not! There is an alternative.
Wal-Mart is offering to exchange gift cards from more than 200 retailers, airlines and restaurants for a Wal-Mart gift card.
If you do trade in your gift card, you won’t get quite 100 percent of its value. Amazon customers for example can redeem up to 95 percent of their gift card’s value. For Gap, it’s just 85 percent. Some brands will be worth as little as 70 percent.