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Can You Pull Money Out Of A Visa Gift Card

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Write Yourself A Check

How To Get Cash Off A Visa Gift Card | How To Get Cash Out Of A Visa Debit Gift Card

This is the easiest way to get cash without an ATM card.

You need:

  • A bank account
  • Paper checks

All you need to do is write yourself a check, either payable to yourself or Cash and take it to your bank to cash. If you dont have your ATM card, you will need to present your drivers license or ID to the teller.

If you dont have a bank account at the bank where youre cashing the check, you will most likely not be able to cash the check, or they may require that you pay a fee or sign up to become a customer to be able to cash it.

How Does My Navy Federal Visa Gift Card Work

You can use your card to pay for purchases at millions of places that accept Visa cards in the United States . The cards initial value is set by the person who purchased it. Additional funds cannot be added later.

How to use your card:

  • Before making your first purchase, sign the back of the gift card.
  • When ready to pay, select CREDIT and sign the receipt. Or, select DEBIT, if prompted, and enter your Personal Identification Number .
  • Each time you make a purchase, the amount is automatically deducted from the card balance. Its important to keep track of your balance. The card doesnt offer a line of credit like a credit card.
  • Can I Use My Gift Card At Merchants Where A Tip May Be Appropriate

    Yes. To make an online or phone purchase, youll need to register your card by visiting navyfederal.org/mygiftcard, entering your username in the Username field and clicking Sign In. Please note, if you have not created a username for your gift card, select Need Username? under the Username field. After signing in, select My Profile under My Settings and enter your name, address and phone number.

    Be sure the balance on your card is enough to cover the bill and the tip. If not, the transaction will be declined.

    Also Check: Can I Get A Gift Card With A Credit Card

    Gift Cards Into Cash Final Thoughts

    Visa and Mastercard gift cards can be used in a lot of ways either in-stores or online. If you have a gift card or more than one, then they can be redeemed anywhere that has the Visa or Mastercard logo.

    Having lots of gift card balances might sound good but often converting to cash is better. Why? One reason is that you could lose the gift card balance if you havent used it in time. Having cash is preferable for many people as it can be used for anything you like. Cash can be used to pay debts, add to investment portfolios, or put into a savings account.

    Another great reason to convert to cash is that it is easier to monitor your total wealth. This can be invaluable for people striving to live a frugal lifestyle as knowing exactly how much you have at all times is a big part of planning a healthier financial life.

    When converting gift cards remember to check for any fees that may apply. If a fee is involved factor this into your decision when deciding how to liquidate Visa gift cards. When you have the time always go for the option that gives you the biggest return.

    If one of the methods listed above stops working, dont panic! You have 10 others that will allow you to convert the gift cards to cash.

    In most cases, you can have the money quickly and be free to use it for whatever you need. Simply make a choice and get started!

    Related:

    Number Of Withdrawals Exceeded

    Metabank visa gift card

    Just as your bank may limit the amount of money you can withdraw, banks can also limit the number of times you can use the ATM in a day. Even if you’re nowhere near your daily money limit, the bank that issued your Visa debit card may choose to cut you off from using the ATM after a pre-determined number of transactions, which is usually three. However, this doesn’t stop you from making purchases with your Visa debit card, nor does it prevent you from getting cash back with a purchase you make with your card.

    Recommended Reading: What Stores Carry Cabela’s Gift Cards

    Sell The Visa Gift Card Online

    In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.

    • Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
    • Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
    • Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
    • Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.

    One: Find Out If Your Prepaid Card Can Be Used Anywhere Or Is Limited To Participating Merchants Only

    Visit your prepaid card companys website and look at the cards features. Can it be used anywhere that regular debit cards are accepted?

    For example, certain cards have the following features:

    The Card can be used to purchase merchandise and services anywhere Visa debit cards are accepted in the United States.

    However, other cards are only limited to participating merchants:

    Your Card can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck or online food retailer in the US where Visa debit cards are accepted.

    If your card can be used anywhere in the United States , then you can move on to step two. Otherwise, read our section on transferring gift card balances to your bank account.

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    Why Should I Register My Visa Gift Card

    There are several benefits:

    • It enables you to make purchases online. Your registered address will serve as the billing address that retailers require.
    • It enables representatives to more quickly assist you when you need assistance.
    • It protects you if your card is ever lost or stolen, so that you can be reimbursed for funds lost.

    Give The Visa Gift Card Away As A Gift

    How To Withdrawl Cash From Gift Cards – Cash In Gift Cards !

    Another great way to convert Visa gift cards to cash is by giving them away as a gift. One of the great things about Visa gift cards is that they can serve as a cash gift. If you are attending a special occasion such as a birthday or baby shower, you can give a Visa gift card to the person.

    The person will be able to use the gift cards like cash to purchase the items of their choice. This is a great way to give someone a gift that is similar to money. Instead of giving someone something like cash in a card, you can simply put the Visa gift card in a special card and give it to them as a gift.

    Also Check: Does Kroger Sell Rei Gift Cards

    Can I Get Cash Back From A Store Gift Card

    If you want to get money from a store gift card, then Yes! You can get cash off a gift card if its a closed-loop gift card by selling it to a gift card reseller. For example, you can get cash from a Target gift card, a Sephora gift card, a Home Depot gift card and more. Check out this list of gift card resellers for more informaton.

    If, on the other hand, what youre really asking is how to save money on a gift cardhow to get cash off the face value of a gift cardthen check out my list of the hottest deals on discount gift cards around. I update this list often, so you should check back regularly.

    If you used part of the gift card and want to know if you can get the gift card balance paid in cash, then check out the state gift card laws to see if your state requires merchants to give cash back when the gift card balance drops below a certain amount.

    Look for your brand gift card in our Gift Card Balance Check Directory.

    Will My Credit Card Work In An Atm

    Nearly every credit card allows you to borrow cash with cash advances, however it is probably not a good idea. After all, fees and high interest rates are a great way for issuers to make money, as you can see in this example.

    Check the cardholder agreement that came with your card to make sure. If you see a Cash Advance APR and Cash Advances Fee, then you can probably get a cash advance with that card. It might look something like this:

    Check your credit card statement. If you see a cash advance credit line or cash advance credit limit, thats the maximum amount of cash you can take out. Its important to know what this is so you dont try to withdraw too much. The credit limit for cash advances is usually smaller than your cards credit limit for regular purchases.

    If you dont have your credit card terms or a statement handy, you can call the phone number on the back of your card to ask if your account allows cash advances and the limit of your cash advance line of credit.

    Otherwise, provided you have enough available credit, the only thing that would prevent you from being able to access a cash advance on the fly is if you didnt know your credit card PIN.

    You may have received a PIN when you initially received your new credit card in the mail, or you may have had the option to create your own custom PIN online or by phone.

    Alternatively, you can always call the customer support phone number on the back of your credit card for assistance.

    Insider tip

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    How Do I Use My Gift Card

    There are two types of gift cards offered by banks, and these are open-loop and closed-loop. Financial institutions issue the first one, and you can use it to buy goods at any place accepting the cards. The second one can only be used with a specific merchant. For example, you can have a gift card that can only be used with Walmart or Amazon.

    When you want to buy items with your card, you visit a store accepting the cards and then use a gift card reader machine to communicate with the card issuer, allowing a specific value deduction.

    One time gift cards are useless once their value is exhausted. However, reloadable cards allow you to top up money when the balance is low. Banks and other financial institutions usually offer reloadable cards with no fees so that you do not have to buy cards now and then.

    While there are tangible gift cards, there are also mobile gift delivered to mobile phones via email or SMS. You can use them online with social apps instead of queuing in stores. Visa virtual cards are useful anywhere in the world.

    Use The Reselling Method With Your Visa Gift Card

    Visa debit gift card balance

    With the reselling method, you can buy something with the Visa gift card from a store and then sell the item online to earn cash. Since this takes a few more steps, I put this one last on the list.

    To make this work, you have to purchase an item from a store and resell it. Most of the time, sellers will find items that are marked down at stores such as Walmart or Target and sell them online for a slightly higher price for profit. This normally happens after the holiday season when stores mark downs items.

    Make sure to see what items are popular to sell online and then put the item for sale on places such as Amazon. This is called becoming an Amazon FBA seller.

    A lot of time people will purchase the items for a discounted price and are able to sell the item for a higher price on Amazon. There are a lot of sellers making greatmoney doing this side hustle, and it could be a way for you to convert Visa gift cards to cash.

    Also Check: How To Sell A Visa Gift Card

    Whats The Best Way To Exchange Amazon Gift Cards For Cash

    Well, I dont think there is one best way.

    It all depends on your situation, how much the GC is worth, how fast you need the cash, etc.

    That said, there are a few ways you can get cash for your unwanted Amazon GC or any other kind of gift card for that matter.

    Here are a few options:

    1. Use Reddit

    Reddit actually has a dedicated subreddit for gift card exchanges where you can trade unwanted gift cards for cash or other gift cards.

    If you are not a member of Reddit yet, youll need an account first. Its free.

    Then simply visit /r/giftcardexchange, create a post with some details about your card, its worth, how much you want for it, etc. and wait for other redditors to respond.

    You can also use a subreddit called /r/barter.

    On this subreddit people normally barter for tangible goods rather than gift cards and gift certificate codes. But you may be able to find someone who will be willing to pay cash for your Amazon gift card.

    2. Buy Stuff for Friends/family and Get Cash in Exchange

    Ask your other friends or family members if they need stuff from Amazon. If they do, buy it for them and have them give you the equivalent amount in cash.

    And if you dont have a friend or family member who needs $500 worth of stuff, perhaps you could find a few people who may each need $50-$100 worth of stuff.

    3. Sell a $500 Amazon Gift Card for $520 on eBay!

    Not only you can sell your Amazon GC, but apparently you can sell it for more than its face value!

    4. Sell It on Craigslist

    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.

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    How To Use Prepaid Debit Cards For Anonymous Transactions

    You might be familiar with prepaid debit cards in the form of anonymous Visa gift cards that you get through providers like American Express, MasterCard and Visa. You can purchase gift cards anonymously through cash and use them similarly to how you would use digital transactions.

    How to use prepaid debit cards anonymous? These cards can be used as regular anonymous prepaid credit card or anonymous debit cards. But, if you want to use it in making online purchases then youll have to register it on the website you plan on buying from. Of course, its not very practical to do your online shopping with one of these cards. This is because youll need to provide personal details like your physical address.

    This would defeat the whole point of wanting to remain anonymous. However, debit cards are ideal for purchasing prepaid cellphone services, or when purchasing a VPN subscription like IPVanish.

    Are Visa Gift Cards Traceable

    Money Pull Out Gift Card Tutorial

    The transactions themselves are traceable as they are tracked by Visa but it is another thing when it comes to tracing the user. This is because there is no name or contact information connected to the card.

    Having said that I should still add that one can still trace the buyer of a gift card easily if they bought it using a debit card or using their bank account.

    In this case, the seller or law enforcement can be able to track you through your card details or bank details used during the purchase. But if you use cash to purchase the gift card it would be difficult to trace the purchaser.

    Another way law enforcement or others can track the user of a gift card is through the IP address of the computer used to do a transaction. Most people dont know that almost all the transactions we do online leave a digital footprint.

    Even the emails we send leave a digital footprint in the form of the IP address from which it was sent. It does not matter whether you are using Gmail or yahoo mail. Another way an investigator can trace you is through the mailing addresses you use when doing your purchases.

    Read Also: How To Use Apple Gift Card On Amazon

    What Happens When I Lose My Prepaid Debit Card

    There is nothing to worry about when you lose your card as long as no one knows your PIN as they cannot withdraw money from your account. However, there is a danger of someone using your card to make transactions of goods and services. You should always do the following things to ensure that your account is safe.

    • Keep your PIN private. I like advising people to keep their PIN only to themselves. Even your wife should not know the account number unless it is a joint account.
    • Report immediately upon losing your card. Always have the card issuers contact information with you so that you can easily report any loss of the card.
    • Always check your account for any illegal authorized transaction. If you discover any unusual deductions, consider changing your account details such as account number and blocking all the cards.