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Don't Want Your Gift Cards? Why Not Trade or Donate Them?

December 2009 - By Kellene Stockwell - Channel 2 News

The malls are still filled with shoppers now taking advantage of post-Christmas discounts and maximizing gift cards in all amounts.

But sometimes even gift cards aren't an exact fit and the financial services firm Tower Group estimates $5 billion in gift cards go unused each year.

Whether it's a retailer you don't use or just don't like there are websites that let you sell them trade them or donate them to charity.

Plastic jungle, gift card rescue and swap-a-gift are among those that will give you cash for unwanted gift cards for a fee.

Or try card hub's free gift car exchange app on Facebook which lets you create a list of cards you wish you received and others you're looking to unload.

And if you do plan to use a card, but you're not quite ready to spend it keep in mind to check the details and requirements as new federal reserve guidelines go into effect for gift cards in 2010.

You may just find you're in luck as a lot retailers have eliminated their fees and expiration dates on the cards to beat those new guidelines.