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Where Can I Purchase Discounted Gift Cards

By Edited Nov 13, 2013 0 0

As you ask yourself, where can I purchase discounted gift cards, you have to realize you will not have a ton of different options.  That said, there are some places you can go to save money on them and pick them up for a lot less.  If you are buying as a gift, for example, you might be able to save enough money to make a gift certificate affordable, so you can give it to your loved one.  This is a really good option to keep in mind.  If you are looking to buy gift cards for less than face value, these are going to be your very best options.

Penny Auctions for Cheap Gift Cards

This could be a very good way to get discounted gift card vouchers for stores in your area, but there is certainly some risk involved.  There are, however, some ways to minimize the risk.

When you shop at various penny auction sites, you generally have to buy a pack of bids to get started.  The bid packs will vary greatly, but most will end up averaging about 60 cents per bid, give or take a dime.   Each time a bid is placed, the purchase price goes up one cent, but each bidder paid 60 cents to place the bid.

To minimize your risk, only shop for the store gift cards that have a buy it now option.  Most sites will let you apply the price of your bids to the purchase.  So, if you place 6 bids on a $10 voucher, but don’t win, you can apply the price of the bids ($3.60) toward the purchase.  The hope is that you can win a card or two with only placing a few bids, where you will save a lot of money off face value.  If you can win some, it’s a good way to stockpile for birthdays or Christmas.   You will have to decide if this is worth the risk or not.

In addition to finding buy it now auctions, you will also want to monitor the sites and try to find out if there is a pattern to days or times that the best deals occur.  If you can, it’s a great time to shop for discounted gift cards.  This is where you can buy them, in some cases.

Gift Card Discount Sites

There are actually lots of them out there.  People who get a GC for a store they don’t particularly like will often put them up for sale on sites like this, generally at a slightly reduced price.  There are many different sites like this out there, but a couple of the more popular ones include PlasticJungle and GiftCardGranny.  They are both worth looking at if you are looking to save some money.  A little later in this article, I’ll go over some of the other places you can buy them from people who didn’t want them and put them up for sale.

Store Gimmicks and Rebates

Many stores offer up various sales gimmicks, including rebates, where you can get gift cards as you shop.  This might be a very good way for you to get some vouchers or cards and use them to give out as gifts, as the need arises.

More and more stores are changing the way they handle rebates.  In the past, many stores used to give out a check when the rebates were cashed in.  These days, stores have realized that if they give them in the form of gift cards or merchandise credit checks for their own stores, it can help promote customer loyalty.  Since many people spend more than the face value when they shop, it has also become a good way to increase sales.

Become a Club Member

Where can I get discount gift cards?  If you join a savings club for specific stores, it might be a good way to get them for free or very cheap.  Many companies that have such groups and clubs often give out rewards to their members in the form of discounts, coupons, or on occasion, free gifts cards. 

With many of the clubs, you don’t have to do much of anything to take advantage of the deals.  For the most part, you can simply sign up online.  While you’re likely to get a lot of spam emails, you might also be able to win a contest or get a good discounted voucher, much less than face value or free of charge.

Turn In Your Points or Miles

Do you have club points or miles that you can cash in for discounted or free gift cards?  If so, it’s a great way to save.  Check into any club membership rewards or frequent flyer miles.  You might be able to save a lot of money or even get some free rewards that you can use.

eBay

Just like the discounted gift card websites, people put their gifts from crazy Aunt Mary up for sale.   If it’s for a store they aren’t likely to shop at, or simply isn’t in there are, it might wind up for sale on eBay or other auction sites.  You just might be able to get a gift cards for 20% off face value or more, if you shop around.

Words of Caution with Cheap Gift Cards

There are some ways you could fall prey to some scams, so just be sure to use common sense.  These are some of the most important things you will need to check out to make sure you get a good deal.

Expired:  You might find some that are actually so old, they are no longer valid.  This is something you must be aware of, so you can get a great deal.

Soon to Expire:  Many retailers put an expiration of sorts on them.  Some only have them reduce in value after a certain amount of time.  If you aren’t going to use them right away or they are for a present to someone else, it’s probably not something you should buy.  However, if it’s something you would use right away, it might be a good way to save even more money and get a better discount.

As you ask yourself, where can I buy discounted gift cards, at least you’ll have some ideas.


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