How to Turn Amazon Gift Cards into Cash Using Rebate Sites
Amazon gift cards are a popular gift and common rebate option (for example Merryfield and Fetch Rewards). They are easy to use, flexible, and always welcome. But what if you’d rather have the cash? Believe it or not, there are clever ways to turn your Amazon balance into actual money using rebate platforms that reward you with cash back for purchasing discounted or totally FREE products. Here’s how to use sites like Rebaid, Snagshout, and RebateKey to transform gift cards into cash!
These platforms offer high-percentage rebates, many times 100% off select Amazon products. The catch? You pay upfront (using your gift card), and receive cash back later via PayPal, check, or direct deposit. I will focus on the 100% off products as this will allow you to turn your entire gift card balance into cash. An important note is that these sites don’t cover tax if your state has it. They also don’t cover shipping if you don’t have Prime or meet the minimum free shipping order amount of $35. In summary these sites all give cash back regardless of your method of payment. So, if you use a gift card you will still get cash back.
Example: I received a $50 Amazon Gift Card from Fetch Rewards. However, I didn’t need to purchase anything from Amazon at the time and would rath have cash. I went onto Rebaid and purchased a 12 pack of No Cow protein bars (100% off rebate), and a custom name gold plated necklace (also 100% off rebate). I paid using the gift card, using the entire balance. The total cost was $57. 30 days later they sent the rebate of $55 to my bank account so all I paid was $2 in tax. So instead of having $50 that I had to spend on Amazon, I now had $50 in my bank to spend anywhere as well as a few free items.
Step 1: Sign up for accounts on any or all of these popular rebate sites:
Step 2: Use Your Amazon Gift Card to Fund the Purchase
- Apply your gift card balance during checkout to cover all or part of the product cost.
Step 3: Receive the Rebate and Cash Out
Once your rebate claim is approved:
- Funds are sent to your preferred method.
- Note: For most sites, they do require a 30-day waiting period before the funds are sent.
- Congrats – you’ve just turned your gift card into cash!