Walmart now buying unwanted gift cards

ALBUQUERQUE (KRQE) – Don’t want that holiday gift card you got this year? Walmart may take it off your hands.

As part of a new test program started today, Walmart is exchanging cards from more than 200 retailers on its website. The promotion will last a few weeks.

Wal-Mart says it will give you up to 97% of the card’s cash value, but it varies by retailer.

For example, an gift card will get you up to 95% while other brands will only be worth 70%.

KRQE did some checking and learned that Walmart is offering eGift cards, not cash, in exchange for the one from the retailer you don’t want. We did a test on the company’s website and were offered $96.60 for a $100 Target card.

Billions of dollars in gift cards go unused every year. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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