It’s January. You’ve survived the family gift exchange, mostly unscathed – except for a gift card from a store you’ll never visit. One recent study found that $1 billion in gift cards goes unspent annually.

Have you thought about converting that gift card into cash?

Now, you can – with gift card exchanges. You could unlock the cash in gift cards by selling them yourself on eBay, but might get better money by going to a gift card exchange and shopping for the best money for your card.

Where should you start?

Check out this extensive ranking of gift card exchanges from WalletHub.

Lastly, If you have a stash of gift cards with low balances, if the balance is under $10, did you know it is redeemable for cash by law? (California Civil Code Section 1749.5, subsection (b) 2)

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