Cheddar Business Update 01/01: What to do with unwanted gift cards

Posted: Updated:
NEW YORK -

By now you've sorted through all your holiday gifts - and have decided what to keep and what to exchange. But, what about all those gift cards?

If someone gave you a card for Starbucks but you hate coffee, or to iTunes but you have an android, don't let them go to waste.

Justin Cupler, the savings expert at The Penny Hoarder, tells Cheddar to take your pile of unwanted gift cards and re-gift them!

There are also sites like Raise, Cardpool and CardCash that allow you to sell unwanted gift cards. You won't get full face value for the card - but at least you'll get something.

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