How to Transfer Amazon Gift Card Balance to Bank Account
Amazon gift cards give you a lot of options for items to purchase since Amazon offers millions of items on its website. But what if I have an Amazon gift card and want to convert it to cash? Can I transfer an Amazon gift card balance to a bank account?
Unfortunately, there is no answer to how to transfer an Amazon gift card balance to a bank account. Once you have an Amazon gift card, you will have to use the gift card balance to purchase goods on Amazon. And, you cannot buy other gift cards on Amazon using your gift card. You will have to buy actual goods.
This article explains why you cannot convert your Amazon gift card to cash, some other ways you can try to get cash for your Amazon gift card, and some things you should know before attempting to exchange your gift card.
Convert Amazon Gift Card to Cash or Bank Account
Unfortunately, you cannot convert your Amazon gift card balance to your bank account. When you receive your gift card, you will have to add it to your Amazon account to use it.
Once you add it, there is no way to transfer the balance to your bank account, convert it to cash, or otherwise withdraw it from your Amazon account. You will have to use it to make a purchase on Amazon or not use it and lose the money.
Other Ways to Get Cash for Amazon Gift Card
Even though you cannot transfer your Amazon gift card to your bank account, there are some methods you can try to get cash for your gift card.
First, you can try to sell it online. People who need to trade Amazon gift cards for cash or other gift cards commonly use eBay, Craiglist, and Reddit’s “/r/giftcardexchange” forum. These are not the only websites you can use, and you can be creative and try social media too.
Or, you can try to sell it to your friends and family. Since so many people use Amazon, finding someone who could use your gift card should not be difficult. If you do this, make sure you did not already add the balance to your account because you will not be able to transfer the gift card once you do.
Ask your friends and family if they need anything from Amazon. If they do, you can purchase the items from Amazon and then sell them for cash. This method works best if you have already added the gift card to your Amazon account and cannot change it to a different one.
Or, you could save your Amazon gift card until you have something you need or want to buy. Oftentimes this is the easiest way to get the full value from your gift card. Amazon has many products you can buy, including food and groceries. If you have an Amazon grocery option near you, you can save money on groceries for the week and get them delivered, so you do not have to go out.
Use a Gift Card on Amazon
Since the answer to “how to transfer an Amazon gift car balance to bank account?” is that it’s not possible, using the gift card to purchase goods on Amazon is your best option.
Or, you can use your gift card to buy any of the millions of items on Amazon. And, even if you do not need anything right now, you can save your gift card balance in your account to use later. Gift cards never expire, so as long as your account is active, you will have your gift card balance on their website.
Unfortunately, Amazon does not allow you to use your gift card balance to purchase other gift cards on their site. This limitation includes Visa and Mastercard gift cards. These gift cards are close to cash, and you can use them at any retailer that takes Visa or Mastercard as a payment method. They do not allow this for the same reasons they do not allow you to convert your gift card to cash or your bank account; they want to get the proceeds.
Amazon Gift Cards Terms and Conditions
Finally, we need to look at the terms and conditions of Amazon gift cards. It is against their terms and conditions to try to exchange your gift card for cash. Here are some of the things that are against their terms and conditions when it comes to gift cards:
- Selling Amazon gift cards for cash or other gift cards.
- Use an Amazon gift card to pay or receive payment for goods or services not on Amazon’s website.
- Buy gift cards from third-party sellers.
- Transfer a gift card to someone else’s Amazon account after you have already redeemed it
- Redeem a gift card that is not yours or intended for you. You cannot scam others into giving you an Amazon gift card or selling you one unwillingly.
- Use an Amazon gift card for any illegal purchases or other reasons.
So, you are technically not allowed to convert your Amazon Gift card to cash. If you plan to do so, take precautions. If Amazon catches you doing any of these things or anything else that breaks Amazon’s terms and conditions, they might ban you from using gift cards from your account in the future. And Amazon will not refund you for your gift cards.
If you have questions about using a gift card on Amazon or the terms and conditions, you can use the Amazon help center.
Perhaps not the ideal answer, however, now you know the answer to “how to transfer an Amazon gift card balance to a bank account?” You cannot transfer your Amazon gift card balance to your bank account. There are other methods you can use to get cash for your gift cards, but many of them go against Amazon’s terms and conditions. So, your best bet is to just use your Amazon gift card on the Amazon website. It should not be too hard since they have millions of products on their website. If you plan to purchase the best gift with gift cards, check out our blog 15 thoughtful gifts here.