What are the best ways to "liquidate" cards?
#1
Original Poster




Join Date: Jun 2004
Posts: 132
What are the best ways to "liquidate" cards?
What are the best ways to "liquidate" prepaid debit/gift cards for cash. Although different prepaid cards have different T&C's and fees, what are all the options for turning plastic into money. Here are the ones I am aware of:
If you have a PIN
Money Orders ($0.44 at Walmart)
Traveler's Checks (Free at AAA)
ATM (Fees may vary)
Cashback at store (Usually free)
Cash advance at bank (Usually free)
If you don't have a PIN
Paypal (2.9% and may get your account froze by paypal)
Buy something at Costco and return it for cash (pretty sleazy)
Who knows of any other ones? What are the best places to get money orders at (my AAA is SLOW so I'll pay $0.50 for a MO, but if anyone know's ones with high dollar limits >$500 or low fees let's share!)
If you have a PIN
Money Orders ($0.44 at Walmart)
Traveler's Checks (Free at AAA)
ATM (Fees may vary)
Cashback at store (Usually free)
Cash advance at bank (Usually free)
If you don't have a PIN
Paypal (2.9% and may get your account froze by paypal)
Buy something at Costco and return it for cash (pretty sleazy)
Who knows of any other ones? What are the best places to get money orders at (my AAA is SLOW so I'll pay $0.50 for a MO, but if anyone know's ones with high dollar limits >$500 or low fees let's share!)
#3
Join Date: Jan 2005
Location: MSP
Posts: 115
Originally Posted by SCtrojan
What are the best ways to "liquidate" prepaid debit/gift cards for cash. Although different prepaid cards have different T&C's and fees, what are all the options for turning plastic into money. Here are the ones I am aware of:
If you have a PIN
Money Orders ($0.44 at Walmart)
Traveler's Checks (Free at AAA)
ATM (Fees may vary)
Cashback at store (Usually free)
Cash advance at bank (Usually free)
If you don't have a PIN
Paypal (2.9% and may get your account froze by paypal)
Buy something at Costco and return it for cash (pretty sleazy)
Who knows of any other ones? What are the best places to get money orders at (my AAA is SLOW so I'll pay $0.50 for a MO, but if anyone know's ones with high dollar limits >$500 or low fees let's share!)
If you have a PIN
Money Orders ($0.44 at Walmart)
Traveler's Checks (Free at AAA)
ATM (Fees may vary)
Cashback at store (Usually free)
Cash advance at bank (Usually free)
If you don't have a PIN
Paypal (2.9% and may get your account froze by paypal)
Buy something at Costco and return it for cash (pretty sleazy)
Who knows of any other ones? What are the best places to get money orders at (my AAA is SLOW so I'll pay $0.50 for a MO, but if anyone know's ones with high dollar limits >$500 or low fees let's share!)
If you are thinking about buying gift cards and cashing out, most gift cards will not give you cash back.
#4
Original Poster




Join Date: Jun 2004
Posts: 132
Originally Posted by JoeSixpack
If you are trying to figure out how to rack up extra miles on your airline affiliated credit card (like the Citibank AAdvantage card), you are in for a surprise. Traveler's Checks - will come across as a cash transaction on your Visa/MC. You will get hit with a large fee and you will not get any miles for it. Same for ATM. Balance transfers to your bank account will also not earn any miles/points. .
Originally Posted by JoeSixpack
If you are thinking about buying gift cards and cashing out, most gift cards will not give you cash back .

