Content of the material
Earn 2% APY on savings4
Plus, deposit money into your Vault savings account in the app & be entered for chances to win a $1,000 Grand Prize & 999 other cash prizes each month.
NO PURCHASE OR MONEY TRANSFER NECESSARY. Ends 4/30/22. 12 separate monthly entry periods. Open to legal 50 US/DC/PR res., 18/age of majority + only. For Rules, visit , including how to enter w/out MoneyCard Vault transfer & entry period deadlines. Void where prohibited. Sponsor: Green Dot Corporation.
Does Using This Site Make Sense?
I’m always skeptical about new sites such as these, often they aren’t really useful at all and are just a quick cash grab on unsuspecting consumers. I thought I’d compare the rates that this site offers (column 2), to the best rate you could sell a gift card for in cash (column 3).
I also thought it’d be interesting to see if it’d make sense to convert gift cards to Walmart gift cards first and then sell Walmart gift cards for cash, rather than selling the other gift cards for cash directly (column 4). At the moment when you sell Walmart gift cards you can get 90.5% of their face value in cash, so we used this as our rate.
The final thing I wanted to look at is whether you’d be better off selling your gift cards for cash and then purchasing Walmart gift cards from a reseller (column 5), rather than using this new website. At the moment you can get a 4% discount when purchasing Walmart giftcards for cash using a reseller.
|Store name||CardCash/Walmart Rate||Best Cash Rate||Walmart GC To Cash||Cash To Walmart GC|
|Bath & Body Works||75.60%||74.50%||68.42%||77.48%|
|Toys ‘R’ Us||84%||81%||76.02%||84.24%|
Results of our testing
- It only made sense to convert a gift card to a Walmart gift card and then sell that giftcard for cash once and that was when selling an Amazon gift card. For some reason Amazon gift cards have a low buy rate on all reselling sites, but a high rate (94.5%) when exchange for a Walmart gift card. In general you were always better off selling your gift card for cash directly.
- Sometimes you were better off using this site if you wanted Walmart gift cards
- Sometimes you were better off selling an unwanted gift card for cash and then purchasing a Walmart gift card at a discount from a reseller
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Must be 18 or older to purchase a Walmart MoneyCard. Activation requires online access and identity verification (including SSN) to open an account. Mobile or email verification and mobile app are required to access all features. Use everywhere Visa Debit and Debit Mastercard are accepted.