Sell Your Unwanted Gift Cards for Cash Using the Raise App

Publish date: 2024-05-21

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There's a drawer in my house that's unofficially known as the Gift Card Graveyard: It's where all the gift cards we've received over the years go to die. On the off chance we remember we have a gift card for that coffee chain we haven't visited in years, it attracts some attention, but for the most part it remains untouched and hundreds of dollars go to waste. 

Gift cards aren't useless. They're easy, last-minute gifts for anyone in your life and a convenient way to pay at your favorite stores. The problem, however, is when you receive a gift card for a store, restaurant, or website that you don't intend on visiting and is of no use to you. 

A website called Raise is the best way to get rid of your Gift Card Graveyard and make some extra money, with little effort. Raise is an online marketplace where you can sell your unwanted gift cards for cash at whatever price you choose and buy discounted gift cards to the places where you actually shop. 

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Here's how Raise works

To sell a card: Visit the Sell page and enter the name of the store. You'll be taken to a page that looks like the below, where you'll enter all your gift card information and set your selling price.

It's free to list a card, but once it sells, Raise will take a 15% commission from the selling price. Raise tells you what your total earnings will be after the commission cut, so you know exactly what to expect. 

After you submit your listing, it takes up to 24 hours for the gift card to be verified and approved. Once it's sold, you can get paid out through three different methods: ACH Direct Deposit, PayPal, or check ($30 fee).

Raise

To buy a card: Visit the Buy page and search for your desired store, or filter by price, category, and sale specials. Raise offers thousands of brands that you shop regularly, including Target, Macy's, Nordstrom, Wayfair, Sephora, Airbnb, Starbucks, and Chipotle. 

If you don't see a price you like, you can set up Brand Alerts that will notify you when a card in your desired price and discount range is available. 

Physical gift cards are shipped to you for free in three to 14 business days, while most electronic gift cards are delivered instantly (processing can take up to 24 hours). 

You can buy and sell with confidence because of Raise's one-year money-back guarantee. 

Every order is backed for one year after the purchase. Raise will cover: 

Other than the desktop site, Raise also has iOS and Android apps, which let you instantly use your gift cards online or in-store through the Raise Wallet. 

Since 2013, Raise has attracted more than 2 million buyers and sellers, and saved its users a total of $150 million. Though the savings on each gift card might seem minimal, the platform is still a smart way to find cash in unexpected places and save money where it matters. 

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Buy and sell gift cards at Raise here

Connie Chen

Connie Chen is a former senior reporter on the Insider Reviews team, where she led coverage of home textiles, home entertaining, and food and drink. While at Insider, she specialized in all the things that enhance life at home, from the most comfortable bed sheets and fluffy pillows to cool online wine clubs and bartender-approved cocktail shakers. She combined rigorous testing methods, conversations with professionals, and active knowledge of the home and kitchen space to help readers get the most out of their money. When she's not changing duvet covers or washing towels twice a day for articles, she loves talking about and trying the newest snacks, drinks, and food gifts. You can see more of her testing process and other behind-the-scenes of being a product journalist on her Instagram @connayreviews Connie joined Insider Reviews as an early member in 2017 and has also reported on products and services in the style, tech, fitness, travel, and e-learning spaces, with a particular interest and expertise in emerging startups. She has represented the team at CES and moderated panels on media business and the future of retail. Connie graduated from UC Berkeley with degrees in media studies and business administration, which help inform her perspective on and coverage of industry trends, as well as the competitive e-commerce landscape at large. Read some of her work: The 4 best cocktail shakers in 2021 The 7 best women's bathrobes in 2021 The 5 best wine openers and corkscrews we tested in 2021 The 5 best bed sheets we tested in 2021  The 5 best cordless vacuums we tested in 2021 12 direct-to-consumer kitchen startups that are changing the way we shop for cookware and knives 8 tableware startups changing the way we shop for dishes Even chefs experience cooking burnout — here's how they get re-inspired in the kitchen How businesses create successful virtual experiences 50 cookbooks from famous restaurants across the US that will help you recreate their best dishes at home Learn more about how our team of experts tests and reviews products at Insider here. Learn more about how we test kitchen products. Read more Read less

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