Can I Cash Out The Small Balance Of A Visa Gift Card
State gift card laws that require merchants to cash out gift cards once the balance falls below a threshold do not apply to bank-issued gift cards such as Visa, Mastercard or American Express. In my opinion, however, it is pretty easy to use the miniscule balance on a Visa or Mastercard gift card in most places. Heres what I do:
Step 1: Keep Gift Cards Handy I carry my gift cards next to the debit and credit cards I use most often. Doing so prompts me to consider whether or not I can use a gift card whenever I reach into my wallet.
Step 2: Know the Balance Although not necessary, I check the balance of my gift cards so I know how much I have to spend. Many point of sale systems can deduct the balance of a gift card without knowing how much is on the card, but I have found that some older models will simply decline a card if the balance is less than the full amount of my purchase. Having the balance handy helps ensure the card is run correctly.
Step 3: Tell the Cashier Before handing over the gift card, I tell the cashier that I would like to use more than one form of payment for my purchase. I might say something like, I have a Visa gift card with a couple of dollars left on it that I would like to use first. Then Ill pay the balance with another card. Is that ok? This gives the cashier a heads-up in case the system has issues with split-tender transactions.
Use Your Visa Gift Card To Buy Other Merchants Gift Cards
If theres a particular store you shop at that doesnt accept your Visa gift card for purchases, you can use this card to buy a gift card from the store where you want to buy something.
And if you look online, you can sometimes find these for sale for up to 20% off meaning youre getting 20% of the Visa gift card balance for free.
This could include stores like Amazon, Walmart or even Starbucks if you were planning to convert your Visa gift cards to cash simply to get a caffeine hit.
Alternatively, you could earn gift cards to all these stores and dozens more just by using an app like Swagbucks. Its basically like earning free coffees from procrastinating on your phone!
Can I Get Cash Back After I Used Most Of The Gift Card
In some states, if the balance of a store-issued gift card falls below a certain threshold, the merchant is required to redeem the gift card for cash upon request. In California, for example, a gift card under $10 can be refunded. In Maine and New Jersey, the limit is only $5. In both cases, the gift card balance must previously have been above the balance threshold.
Please note, the rules do not apply to gift cards that were received via donation or as part of a reward, loyalty or promotional program. These rules do not apply to Visa or Mastercard gift cards either.
How to get the gift card balance back in cash: Use the list belowstate laws that require merchants to cash out gift cardsto find out if your state requires stores and restaurants to give cash back when gift card balances drop. If so, then pay attention to the transaction when you redeem your gift card. If the balance falls below the cut-off line, ask the cashier to pay you the balance of the gift card in cash. Some will do it automatically and others will have to call the store manager to find out how to do it.
Also Check: How Much Is On My Home Depot Gift Card
Getting Gift Card Refunds On Your Own
To get a complete gift card refund, you have to go through at least two steps:
Most businesses have generous return policies for both steps, but using gift cards can complicate things.
You must have receipts for both transactions to be able to get a refund for the product and gift card involved.
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Read Also: How To Use My Visa Gift Card Online
Can I Check The Status Of My Vanilla Gift Card Refund Request
Whether you can check the status of your refund credited to a Vanilla gift card will depend on the merchant you requested the refund from.
If youve been waiting for more than two weeks to receive a refund, give the Vanilla gift card customer care agents a call and see whats blocking the transfer. If they discover that the refund wasnt issued, you will probably need to call the merchant.
How To Transfer A Visa Gift Card To A Bank Account
You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:
Recommended Reading: How To Add Spotify Gift Card
You Can Give It As A Gift
You can also give Visa Gift Cards as a gift to your friends and family members. This gift is best when youre not sure what to buy as a birthday or Christmas present.
Weve answered the question: Can you buy something with a Visa Gift Card and return it for cash? Now, lets look at the Visa Prepaid Card and its differences from the Visa Gift Card.
Contact The Respective Company After Seven Business Days
If you dont receive a refund within seven business days, call the customer service department of the company where you were supposed to receive the refund. This section can usually check whether the refund has been settled or not. If so, but you have not received the funds, please contact the company that issued the card:
- Keep a record of each of these interactions, including the names of the people you spoke to.
Refund And Return Policy
Refund and Return Policy and Limitations
Purchasers are not entitled to a return or refund from Gift Card Granny on the purchase of any gift card. Any return or refund that we provide is at our sole discretion. In addition, we do not provide price protection or returns or refunds in the event of a fee reduction or promotional offering. Your continued use of the Service after any fee change becomes effective constitutes your agreement to pay the originally charged amount.
Fraud and Abuse policy as stated in our Terms and Conditions
Please contact us at email@example.com to report any violation of these Terms or to pose any questions regarding them.
Can You Take Money Off A Gift Card
Sadly, probably not. You cant simply take a gift card to an ATM machine and get cash immediately.
Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.
You can likely get money off of a reloadable prepaid card. But thats not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.
Can I Return A Visa Gift Card That I Dont Want
Similar to store gift cards, the answer is generally no. However, a few stores may allow it. As noted above, Target will allow you to return a Target Visa, Mastercard or American Express gift card if you have the original purchase receipt, the gift card is unopened, all of the packaging is in tact and the card hasnt been used. I think this is an exception, however.
At Giftcards.com, for example, neither store nor bank-issued gift cards cannot be returned. The Best Buy Onlne Help Center says, Other nonreturnable purchases includeprepaid cards . And Kroger, one of many grocery store chains that sells prepaid cards says, Once a gift card has been purchased and shipped the card is not refundable.
If you are the purchaser of a Visa gift card that you no longer want, check the terms and conditions on the card or packaging, look for a gift card return policy on the card issuers website or go back to the store to inquire about their gift card return policy in person. In most cases, I do not believe a Visa or Mastercard gift card can be returned, but if Target is willing to do it, perhaps other stores are as well.
How To Get Cash From A Vanilla Visa Gift Card
The answer to the question of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash: using one of the strategies mentioned in this article.
That is, while you cant get cash from a Vanilla Visa gift card directly, nor can you transfer money or withdraw money from your Vanilla Visa gift card, there are several workarounds that have the same outcome.
How Can I Use The Last Few Dollars Left On A Visa Gift Card
Think youre stuck with a Visa gift card that only has a few dollars on it? Think you cant use a Mastercard gift card once the balance is less than the transaction? Think again. In either case, the gift card is usable. But you may have to take a couple of extra steps to redeem the full value of the gift card.
As explained above and in the video at the top of this blog post, I do it all the time. The key is to keep the gift cards handy so you remember to use them, know the balance of the cards and tell the cashier that you need to use more than one form of payment for the transaction.
Heres the video once more:
Now VIRTUAL Visa egift cards and Mastercard egift cards are another story. Because these gift cards have to be used online, the steps are different.
Can I Return A Store Gift Card That I Dont Want
There are not federal or state laws that dictate whether or not a gift card can be returned so it is up to each merchant to set that policy. Most store and restaurant gift cards that I see have terms printed on the card, on the packaging or on a website that say, This card is non-refundable and non-returnable.
I have seen, however, that some stores will allow you to return a gift card within a short period of time after purchase so long as you have the purchase receipt and havent used the card. Target, for example, has a generous return policy.
The Target.com FAQ says, Physical Target GiftCards can be returned in store with a receipt if unused and Your Target® Visa®, Mastercard® or American Express® Gift Card can be returned to any Target store with a valid, original-purchase receipt. Your card must be new, unopened, contain all original packaging, and must be returned within 90 days of purchase.
Still, this is an exception. Even Nordstrom, the department store well-known for having a generous customer return policy says, Gift Cards may not be returned or applied as payment on any account.
If you have a store gift card that youd like to return, check the back of the gift card for terms and conditions, check the retailers website for information or drop by the store to ask.
If you are willing to accept less than face value for the gift card, then you could sell it to a gift card reseller for cash instead.
What Other Gift Card Hacks Can I Try
If you really feel stuck with a gift card that has almost no money on it, dont give up hope or just throw the card away. Try this list below to see if one of the suggestions is a better fit for you:
Ask the Cashier While your state may not require merchants to cash out gift cards, some stores have adopted the policy anyway. When using a gift card, ask the cashier if you can have the balance in cash. You might be surprised.
Buy something more. This isnt my favorite choice, but I would rather spend a few extra dollars than hold onto a bothersome balance that I may forget to use or get tired of carrying in my wallet. When at the cash register, throw a pack of gum on the conveyor belt or add a candy bar to the total. Spend as little as possible to get above the gift card balance so the card will be fully redeemed.
Apply it to your account. If the merchant allows you to add a gift card to your online account before redeeming it, then simply redeem the card, add the balance, and apply it to a future purchase. Amazon and iTunes both work this way. You can redeem a gift card and then just chip away at the balance every time you make a purchase until the money is gone.
Buy a Store gift card with a Visa gift card. Though many retailers will not allow you to buy a store gift card with a store gift card, they may allow you to buy a store gift card with a Visa gift card. Ive done this both online and in stores.
Happy Gift Carding!
~Shelley Hunter, Gift Card Girlfriend
Other Considerations When Requesting A Refund
- Time limits. Merchants outline the amount of time you have to legitimately request a refund, so check individual policies before making any transactions. For disputed transactions, you usually have to dispute the credit card transaction within 30 days of when it first appears on your credit card statement.
- Interest charges. Depending on the circumstances of your credit card refund, you may be charged interest during the refund process. However, if youve lodged a disputed transaction claim with your credit card provider and it is approved, you should be refunded the full amount as well as any interest that was charged on it during the investigation.
- Refund payments. If money is returned to your account, the funds are considered a credit to your account. This means a refund will not count as a payment towards your balance if you need to pay the minimum amount due for the statement cycle.
- While there shouldnt be a fee for refunds processed by a merchant, some banks do apply a fee for disputed transactions. Third-party payment processors, such as PayPal, may also charge additional fees for credit card refunds.
Can You Return Money To A Visa Gift Card
Can money be refunded to a Visa gift card? You yourself cannot reload a personal gift card,in a case the merchant who operates the website/pos device where your card was used can cancel the transaction on your request even after it is processed and you will get the full amount back into the gift card.
Report Stolen Or Lost Cards Immediately
Report immediately stolen or lost Visa Gift Cards, as another person may be able to use them. You need the gift card account number to report your card so, you have to write down the number and keep it in a secure place.
In cases of stolen gift cards, report them to your branch office or call 1-866-902-6082 to cancel the card or replace it at a $10 fee.
So Many Questions About Gift Card Balances
I get many questions about gift card balances and how to use the last little bit thats left over after a major purchase. The answer depends on the type of gift card you have. Store and restaurant gift cards are different from Visa and Mastercard gift cards, so I have to treat these questions differently. In the blog post below, Ill answer these main questions:
How To Get Cash From A Gift Card
Gift cards have been the preferred present or gift of choice for nearly every occasion, including holidays, birthdays, Valentines Day and you get the point.
Gift cards seem to be the king of gifts when you dont know what to get that special someone.
But what if you dont get the right gift card?
That money shouldnt have to go to waste now, should it?
What if I were to tell you that you could get cash off of that gift card? Dont worry, this is perfectly legal and rather simple.