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How To Get Cash From Mastercard Gift Card

What You Are About To Learn Is Proven To Work

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

However,there are a few challenges you will face in the process of turning credit cardinto cash. First, you will need to do some research to find the right creditcards to use. Then you will need to keep track of your financial transactionsin one place to manage them.

Thats it!Now youre closer than ever to learning how to turn credit into cash.

Coming up:How to Get a Cash Refund From Your Credit Card Company!

So keepreading. Our strategy for liquidating credit cards covers everything. We willshow you how to turn credit into cash minus the high interest and transactionfees!

Cash Out Your Remaining Gift Card Balance

While Arvest Visa® Gift Cards are no longer supported and you are no longer able to use them to make purchases, you can cash out the remaining gift card balance here. You may redeem the full remaining balance at any time prior to the expiration date listed on the card.

After you submit a request to cash out your gift card, Arvest will mail a cashiers check for the balance. You can expect to receive the check within five to seven business days. Please keep in mind the following:

  • You must have the card number and expiration date to cash out the remaining balance
  • There is no fee to cash out your gift card balance
  • You are not able to cash out a gift card in a branch, at an ATM, or over the phone

You may check the card balance here or call 952-9523 for a balance inquiry. The card transaction history will also be available through these methods.

Get More Cash With Companies That Accept Credit Cards And Mail Out A Check

There are also companies that will charge your credit card and send out acheck on your behalf. Of course, since even utility companies take creditcards, this mainly applies for rent. Most landlords want cash, not credit.

These companies, like Plastiq, RadPad, RentMoola, Urbanr, and Venmo areall online. They charge 1.5% to 2.5% of each transaction amount. They chargeyour rent to your credit card like a purchase. Then they send a check to yourlandlord.

Which means that this charge counts as a straight purchase on your creditcard, with no cash advance fees. Which also means that if you have roommates,you can charge your entire rent.

Then take their cash and put it in your bank account.

These companies will also take multiple cards forone rent check, which is really flexible. This is why it is important to havethree or four cards to turn credit cards into cash.

Always keep your options open when you are using a balance transferstrategy to invest in your future.

Read Also: How To Get Free Starbucks Gift Cards

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.

Can I Get Cash Back From A Visa Gift Card

Whats the FASTEST Way to Get Cash for Gift Cards?

If you have a Visa gift card and are wondering if you can get cash from it, the short answer is probably not. To fully answer the question, however, I need to clarify the difference between a Visa® gift card and a Visa Reloadable Prepaid Card. Both types of plastic may appear to be the sameboth carry the Visa logo and come preloaded with a finite dollar amount to spend. Thanks to a new law that went into effect in 2013, both now also come with a Personal Identification Number so they can be swiped as debit transactions on Point of Sale terminals. Though the two cards are similar, only prepaid cards can be used to get cash from an ATM or to get cash back from a merchant. Gift cards cannot. Read the terms and conditions on the back of your card to know for sure.

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Use It To Buy A Money Order

Stores like Walmart as well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so check if this is an option in your area.

But once youve done this, the money order can then be deposited into your bank account to be used as straight up cash.

One thing you should keep in mind, however, is that some banks have had a habit of shutting down accounts if too many money orders are deposited. As such if you do choose to do this, perhaps combine it with some of the other options on this list.

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.

Read Also: How To Convert Vanilla Gift Card To Cash

Check The Shape Of Your Gift Card

When you get to the Gift Card Exchange machine, youll either have to swipe your gift card so the machine can read the magnetic stripe or youll have to hold the bar code up to a scanner. There is no way to key in the card number. If your gift card is an odd shape, too big, too small, has cut-outs, or is a printout of an electronic gift certificate, you might not be able to see it at the kiosk.

Use Your Visa Gift Card To Buy Other Merchants Gift Cards

How to turn credit into cash | Building Business Credit | Gift cards to cash

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!

Read Also: Where To Use Google Play Gift Card

What Is A Vanilla Visa Gift Card

A Vanilla Visa gift card is a prepaid card that you load money on to. These gift cards can then be used to make purchases in-store or online. Can you still liquidate a Vanilla Visa gift card for cash? Yes, you can still exchange a Vanilla Visa gift card for cash. You are unable to transfer balances directly from the card to your bank account. However, some methods listed above can be used to convert the card into cash. This includes swapping for cash with a family member or selling the card to a friend.One way to earn free Vanilla Visa gift cards is through Swagbucks. Complete various activities to earn points and exchange them for gift cards.

Convert Your Visa Gift Card To Cash By Selling It To A Website

There are plenty of websites that will pay cash for your Visa gift card. In addition to the ones mentioned above that have apps for this, there are also others like Gift Card Granny, CardCash and more.

If your gift card is digital, then the process can be instantaneous. But even if you have a physical card, some of these sites will pay for your postage to send them the card, so you wont end up losing any money on that front.

Like with the apps, the sites will take a fee based on a percentage of the balance of the card, so make sure you know just how much this is before agreeing to the sale.

Also, it can be a good idea to do some searches for the site youre considering using, just to get the most up to date reviews on whether other people have had a good experience with them.

Can I sell a Visa gift card to other people?

You can definitely sell a Visa gift card to other people, but youre probably going to have to accept less money than the balance on the card to make it worth their while to buy it from you.

Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.

Read Also: Can I Turn My Gift Card Into Cash

How Do I Get Cash From My Credit Card

Getting cash from your credit card is called a cash advance. A cash advance borrows money from your credit card account instead of using the credit to buy something. This option can be helpful if you find yourself in an emergency and need cash.

A Federal Reserve study in 2017 stated that 44% of adults could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money. This is an improvement from the 50% of adults who weren’t ready for emergency costs when asked in 2013. If at all possible, it’s critical to have emergency cash on hand for when life delivers an unexpected situation.

Easy Ways To Convert Gift Cards To Cash

Free MasterCard Gift Card Codes Generator: http://cracked ...

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read my disclaimer for more info.

Do you have a Visa gift card that you wish to exchange for cash? Here are several easy methods you can use to convert gift cards to cash.

Visa gift cards are a great way of saving on shopping. Most are sold during promotions where stores offer incentives for shoppers to buy and use them. However, sometimes people need to convert a Visa gift card to cash.

Well, no cause for alarm.

If you wish to convert your gift cards to cash, there are numerous ways to do it.

In this article, we will explore the most feasible ways available to convert that Visa gift card to liquid cash.

But why would you want to convert your Visa card? Well, there are a number of reasons why someone may wish to do this.

If you are like me and check your net worth on Personal Capital daily, you likely think gift cards are a waste of time and space. Why carry virtual money when you can have cold hard cash to invest or pay down debt?

These Visa gift cards cannot be used to withdraw money at an ATM, which therefore makes them somewhat inflexible.

Preferred Method for Converting Plastiq

Our preferred method to use to convert a Visa card is with Plastiq. Its completely free to join and you can pay for anything with credit cards. Even where credit cards arent accepted.

Free

Also Check: How Does An Uber Gift Card Work

Top Questions About Gift Card Exchange

While we were at the grocery store selling this gift card, a customer approached me with three questions about how the Gift Card Exchange kiosk works. She said shed walked by the machine many times, but was afraid to try it for fear the machine would take her card. I think her concern and questions are pretty common, so I want to answer them here as well.

Visa And Mastercard Gift Cards As Gifts

One method we mentioned earlier was to use gift cards to pay bills, then you have the cash you would have used for the bill to use for whatever you like.

A similar idea to this is to give gift cards as presents. Doing this means you still have the cash you would have used for the present and the recipient has the gift card to use for whatever they like.

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Buy Everything Possible On Discount Sites

Haircuts, clothes, oil changes, restaurants. the list of consumer items and services available on daily deal platforms such as Groupon are often deeply discounted sometimes by 50% or more.

Score deals on services, merchandise, activities and attractions using sites like Groupon.

If you know youre going to be buying these items anyway, use your credit card to take advantage of the time-sensitive opportunities when they arise. As you do, calculate what you would have spent.

For example, imagine you wanted to go on a Hawaiian vacation that normally costs $3,000. If you purchase it through one of these discount companies, you may be able to get it for half off. Then you can add the $1,500 savings to your investment account.

How To Get Back On Track

Can I Use a Reloadable Gift Card Instead of Using Cash?

Once youve discovered the most effective method to stop using credit cards, its important that youre actively working to better your financial health so that you can start working on your credit score again.

A few ways to make sure that youre going in the right direction include the following.

Establishing A Budget

You cant see where you stand financially if you dont have a budget at your disposal.

Now is the time to get back to basics and create a budget that covers your current income, your monthly expenses, your credit card debt, and other categories like savings.

When you have a budget, spending your money responsibly becomes much easier.

And when you spend more responsibly, you can also save more money, helping you to get ahead financially.

Rewarding Yourself For Good Habits

Spending some of your money on yourself now and again isnt a bad thing.

However, compulsive spending can be, which is often what gets credit card users into debt.

If youve been working hard towards building the right habits and improving your finances, dont be afraid to reinforce these good habits with a small treat.

Creating An Emergency Fund

If youve been using your credit card to pay for necessary expenses, placing a greater emphasis on saving so that this doesnt become a major issue in the future can help you enormously.

Now is the time to create an emergency fund that covers anywhere from 6 to 12 months worth of expenses.

Paying Off Your Debt Quickly

Read Also: How To Add Money To Vanilla Gift Card

Alternatives To Cash Advances

Make sure to consider all the options before taking out a cash advance.

  • Use a debit card instead of a credit card to take out cash from an ATM thats in the banks network. This way the debit cardholder will avoid any fees for withdrawing cash.
  • Payment apps like Venmo or Cash App are a good alternative to transferring money to friends or businesses. They accept credit card transfers for a small fee. This fee will usually be less expensive than the fees and interest associated with a cash advance.
  • Consider applying for a personal loan if a large amount of cash is needed to pay off big expenses like rent or medical bills. Personal loans usually have much lower interest rates than cash advances and many credit card APRs .
  • Borrow money from a friend or family member. While theres usually a risk to ask friends or family for financial help, as long as the borrower can pay off the loan in a timely fashion, it will likely be easier and cheaper than taking out a cash advance.

Evaluate Values Vs Need When Converting Gift Cards To Cash

If you have a gift card or regularly receive gift cards due to using sites like Swagbucks, then when is it best to convert them to cash?

The best thing to do is think about your own needs. Ask yourself the following:

How quickly do I need cash?

What do I need the cash for?

Is the gift card going to expire soon?

Once you think about the answers to these questions you can pick the best method for your situation.

If you need cash quickly, then selling to a friend or family member may be best. Dont forget this may involve a small loss on the balance of the gift card.

Alternatively, you could use the gift cards to buy goods or pay bills and keep the cash you would have spent otherwise. A similar way to this is to add the gift cards to your PayPal or Venmo wallets. These ways mean you get the cash to use however you like. Keep in mind that fees may apply when using PayPal or Venmo if doing an instant transfer.

Finally, perhaps you live a frugal lifestyle. This means saving as much money as possible and making as much money as possible. Using the gift card to buy and flip items might be the best method for you as you can make a profit on the gift cards.

All the methods listed are perfectly valid ways to liquidate Visa or Mastercard gift cards. Base your decision on what you need and when you need it then act accordingly.

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