Cardpool is a gift card exchange marketplace where you can buy and sell gift cards.
The service is a great one around the holidays and birthdays because you might receive a gift card to a store you don’t shop at or to a store that’s not close to where you live.
And, if you’re looking to buy a gift card, you can get discounts on your purchases and, in some cases, get an electronic version of the card in less than a day.
Use our analysis of Cardpool to understand if its buy and sell options are the right solutions for you.
Buying Gift Cards on Cardpool
All gift cards on Cardpool offer discounts ranging from 2% to more than 10%, with some cards discounted as much as 35%. You can search for cards based on the store, or use Cardpool’s Swift Buy tool to find a card based on a dollar value.
Swift Buy is an excellent tool for gifting cards because you can narrow your choices down by how much money you want to spend.
Once you find the card you want, take note of the type of card and where you can use it. The cards you buy will be usable either in-store or in-store or online.
Also, your card will either be an eCard you get within one business day or a paper or plastic card Cardpool sends you via USPS.
Cardpool can be a great option if you are able to locate a gift card that is relevant to your needs and offers 10% or more in discounts.
One big advantage of purchasing gift cards through Cardpool is that they do not charge sales tax, and USPS standard shipping (3-7 business days) is free.
Selling Your Gift Cards on Cardpool
If you received gift cards for your birthday or during the holidays, and you don’t think you’ll use them, Cardpool can be a good place to turn them into cash.
To begin selling, all you need to do is click on the “Sell Gift Card” link on the company’s site, select the card’s vendor from a list (e.g. AMC, Home Depot, etc.), enter the card’s value, and then press the “Get Offer” button.
Cardpool will then immediately provide you with a dollar amount they’re willing to pay for your card.
The higher the demand that exists for a card (e.g. Apple, or Best Buy), the higher the price Cardpool will offer you. This price typically ranges between 80 to 91% of their face value.
On the other hand, the less demand there is for a merchant, the lower the percentage Cardpool will offer you.
If you accept their offer, you have two options for payment: an Amazon gift card or a check in the mail. If you choose the Amazon card, you’ll get a 6% bonus on your redemption amount.
The Amazon option processes in one day, whereas it can take up to seven business days for the check to arrive.
I sold a gift card to Bass Pro Shops and chose to get an Amazon gift card. The transaction processed in less than one day and I used the gift card without any problems.
In-Store and Kiosk Exchanges
In addition to using the Cardpool website to sell your cards, you can go get cash through in-store partnerships and Cardpool kiosks. In-store options include grocery stores, banks, and department stores.
You can find a store or kiosk near you through by doing a quick search on the Cardpool site.
When I did a search, I found no kiosks near me but I did have two Target locations near me.
Both the in-store option and kiosk work the same way. You bring your gift card and your ID, Cardpool gives you an offer and, if you accept, you give them the card and they give you cash.
The drawback is that the prices you get in-person are going to be lower than what you get online.
For up to one year after your gift card purchase, Cardpool guarantees your gift card will work. If it doesn’t the site promises to reimburse for the original amount you purchased.
The guarantee does not apply to gift cards at stores that went out of business or stopped their gift card program.
This guarantee benefits you because of the peace of mind it provides you with. Using a service like Cardpool could seem too good to be true—even I had my doubts when I tried it—so it benefits you to know your card is guaranteed for at least one year.
The Bottom Line
Cardpool’s marketplace is a simple, efficient place to buy gift cards or sell them so you can get cash.
Based on the analysis we did, we think this service is good for some but not for others:
Cardpool Is Good For:
You have an in-demand gift card you want to sell. The offers for your cards will be higher than what you’d get for cards from low-demand stores.
You need a quick way to exchange a gift card you don’t want. You can take a gift card you received as a present, sell it and get an Amazon gift card in less than a day.
You want something your gift-card store doesn’t offer. The fact that you can redeem your sold gift card for an Amazon gift card opens up all kinds of shopping choices your original gift card didn’t give you.
Cardpool Is Not Good For:
You want to sell a low-demand gift card. There’s a good chance that Cardpool’s offer for your low-demand gift card will be less than what you want and may not be worth selling.
You want the highest possible price for your gift card. While Cardpool is a convenient choice, it may not always be the most profitable one for you. If you have a high-demand gift card, you could try selling it via a local Facebook marketplace page or through a classifieds app like LetGo or Mercari.