Got an unwanted gift card? Sell it! - WTNZ FOX 43 Knoxville, TN

Got an unwanted gift card? Sell it!

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(Source: The Chef Alliance) (Source: The Chef Alliance)

(RNN) - Did you get a gift card to Bass Pro Shop from a well-meaning aunt and you're a member of PETA? Instead of re-gifting it, why not sell it?

Sites like Cardpool and Plastic Jungle pay consumers cash for their unwanted gift cards. Users receive a percentage of the card's value, usually anywhere from 70 to 96 percent, depending on the retailer.

For instance, Plastic Jungle will pay up to 87.15 percent for an Old Navy gift card and up to 96.6 percent for a Walmart or Target gift card.

A $25 Target gift card will fetch you $23 cash on Cardpool if you're willing to mail in the card, but what if you don't have it in-hand?

Both sites accept electronic codes, meaning you can choose to forego mailing in the physical card and instead provide them with the gift card code. Be warned, though. Electronic codes don't pay as much as actual cards.

Cardpool and Plastic Jungle also pay out in Amazon gift cards if you'd rather have merchandise instead of cash.

If you're in the market to buy a gift card, the sites offer discounts, anywhere from 3 to 30 percent, depending on the retailer.

Ann Taylor gift cards are currently going for 22 percent off on Cardpool, meaning a $100 gift card would only cost you $78.

Bath and Body Works cards are going for 9 percent off on Cardpool and cards to DSW Shoes are 10 percent off on Plastic Jungle.

So, regardless of what was under your Christmas tree, there's no excuse for not getting what you really wanted this holiday.

Copyright 2011 Raycom News Network. All rights reserved.

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