5 Ways to Turn Ulta Gift Card into Cash

Did you receive an Ulta gift card for the holidays, as a reward or incentive, or as a birthday present? A gift card is an excellent choice for those who are hard to shop for. While it is a wonderful gift, it will also tend to go to waste if you do not wish to purchase anything from the store.  And sometimes,  cash is preferred over a gift card. But don’t worry—it doesn't have to be entirely useless. Fortunately, there are several options for converting your card into cash. You can sell your gift card, exchange it for cash, or use it to get instant cash that will save you money.

1. Sell Your Gift Cards for Cash

Once you've made the official decision to part ways with your gift card, there are numerous official websites that can assist you in selling your gift cards to people who may actually want to use them.

Companies such as CashOutQuik allow you to sell gift cards for instant cash. It is the best platform for purchasing or exchanging gift cards that you don't need anymore. While you won't get the full value of the card, you can use this site to convert old gift cards into cash, which you can then use to buy whatever you want.

Reputable gift card resale sites also provide money-back guarantees and fraud protection to ensure that your gift card transactions are secure. Why is this important? When weighing the benefits and drawbacks of selling a gift card through a resale site versus selling directly to someone on social media, you must consider all potential security issues. If you sell gift cards in person, you may encounter online scammers or people who take your gift cards but do not pay you.

2. Online Gift Card Resellers

A number of online gift card resellers will offer you cash in exchange for a gift card that you no longer need. The card's balance must be at least $20, and higher offers are made for gift cards to popular stores that sell a wide range of merchandise. If you sell the gift card online, you must either mail the card to the company or, in some cases, submit the gift code electronically in order to receive payment. (The gift code is a combination of the card number and, if there, the personal identification number (PIN)).

3. Sell the Gift Card to a Friend

There's a chance you have a friend who would like to purchase a gift card from you. This is most likely the simplest and safest way to sell your card. Check with your friends to see if any of them are interested. If someone is interested, meet up with a friend or mail your gift card.

4. Use a Coinstar Exchange Kiosk

Several large chain grocery stores have Coinstar Exchange kiosks near the entrance. Simply swipe the gift card to receive an offer. Typically, the offer will be 60% to 85% of the gift card's balance. You can choose to accept or reject the offered amount. If you accept the offer, you will be given a voucher that can be exchanged for cash at a cash register.

5. Avoid Redeeming Credit Card Rewards for Gift Cards

There's one more thing you should know about making money with gift cards: redeeming credit card points, miles, or cash back for gift cards isn't always the best use of your hard-earned rewards. While you can redeem credit card rewards for gift cards, the value is often lower than if you redeemed your rewards for statement credits, travel bookings, or online shopping.