We wrote previously that the Walmart/Cardcash partnership is no longer available. It has come to my attention a few more interesting changes in the Cardcash system.
Contents
New Site
Cardcash now has a newly designed website at the address new.cardcash.com. It’s a new design and functions slightly differently. On the home screen of the regular cardcash.com, there’s a banner that says:
I tried out a few different gift cards on the old site and the new one, and I wasn’t able to uncover any difference it price. Maybe there are only a few gift cards with lower pricing on the new site.
But I did uncover some interesting changes for the Sell You Gift Card option on the new site versus the old.
- They lowered the payout slightly on the old site on certain gift cards. Additionally, on partner-site ABC Gift Cards, I also found one instance (Target) where their offer was lower than the new Cardcash. Thus, if you’re selling to Cardcash/ABC, I’d recommend using the new Cardcash site, not ABC and not the old site. Oddly, the rate shown on Giftcardgranny is the rate from the new Cardcash, not from the stated ABC site; apparently the tech side isn’t totally worked out yet.
- They raised the Amazon gift card payout amount on the new site. On the old site and on ABC, the Amazon option pays out 4% more than the cash payment option. For example, if you’re selling $100 Walmart gift card, you can currently get $90 cash or $93.60 in the form of an Amazon gift card (90 x 1.04 = 93.60). On the new site, they’re paying out 7% extra for Amazon gift cards. This is even more than Cardpool who offers 6% extra, as we noted in our guide to selling gift cards. It’s possible that this is just a trial and won’t last, but let’s hope it does.[UPDATE 2/19/15: The higher rate seems to be gone, it’s now back to 4%.]
- They now mention more options other than Amazon coming soon:
Seems that there’ll be an option of getting paid in the form of a Cardcash gift card or a CVS gift card or in the form or United Miles. You can see more on this option of exchanging for United in this Chasing the Points post. He writes that the option was currently available a couple months ago, but now it seems that it’s “Coming soon”.
Final Thoughts
It’ll be interesting to see how these things develop. One thing I can’t understand is why they still advertise the ABC site on Giftcardgranny, since they seem to want to push the Cardcash site more. I wouldn’t be surprised if they’ll switch it over after they work out the kinks in the new Cardcash site.
I personally don’t use the Amazon payout option, so that increase won’t make a difference to me. But I did switch over from ABC to the new Cardcash site for my last order, since the payout was better on the new Cardcash. As noted, the rates shown on ABC are actually the new Cardcash rates, though it’s usually the same as the ABC site.
