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  • Gift Card Drainer Tip

    Posted by Dan from Madison on April 4th, 2015 (All posts by )

    Over the holidays my daughter went to London on a trip with her band and marched in the New Years Day parade. As Christmas presents, her grandparents wanted to send her over with some spending money. I didn’t trust her with cash and didn’t want her to incur the expense and hassle of currency exchange, so we bought her prepaid VISA gift cards. When they got spent down, there was a couple bucks left on each. What do to.

    It is difficult to transfer the funds to a bank account without incurring expenses. I found out that Amazon will allow you to purchase a “gift card” for yourself in any amount. We just did that for all of the gift cards and it worked very quickly and to perfection so we were able to drain the cards and can now cut them up and use the funds.

     

    One Response to “Gift Card Drainer Tip”

    1. Bill Brandt Says:

      That is clever marketing on amazon’s part – a dirty little secret is the profits from unspent gift cards and traveler’s checks