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Gift cards are very easy to obtain these days, but reselling them at a high profit may be difficult. Some gift cards have a high resale value and can be resold for up to 85% of the original value, while others have a poor resale value and can only be resold for up to 50% of the original value due to low demand. The resell value of a gift card is determined by demand and supply (availability).
The resale value of a gift card is what makes it appealing. In no particular order, this article has highlighted the top 10 gift cards with the highest resale value in Nigeria.
Gift Cards with Highest Resale Value in Nigeria
1. Amazon Gift Card
On the Amazon platform, these gift cards can be used to buy groceries, digital music, and Amazon movie downloads. In Nigeria, you will receive around 92 per cent of the original value of an Amazon gift card when exchanging it. When you seem eager to sell, you’ll only receive less than that. Typically you should get nothing less than 33,000 – 34,000 Naira for your $100 Amazon gift card when reselling.
2. Steam Gift Card
Steam gift cards can be used to buy PC games, software, and other Steam-branded compatible items on the Steam platform. Before you can use the Steam code, you must first activate it, after which the gift card amount will be added to your Steam wallet. In Nigeria, a $100 Steam card is valued at around N34,000 when sold.
3. Google Play Gift Card
This product doesn’t need much of an overview. When these cards are redeemed, they allow full access to the Google Play Store, which is the official application store for the Android operating system. This card can be used in the shop to buy apps, movies, games, and TV shows. A $100 Google Play Gift Card is worth more than N30,000 in Nigeria when sold.
It’s important to keep in mind that rates fluctuate from time to time, so use NOSH to receive the most up-to-date rate.
4. Amex Gift Card
Amex stands for American Express, a world-class financial services firm that provides Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance, and other financial services. Another high-value gift card is the American Express Gift Card, which can be used at any online shop in the United States. The Amex gift card now costs between 31000 and 34000 Naira in Nigeria.
5. iTunes Gift Card
An iTunes gift card can be used to purchase applications, games, music, movies, TV shows, iCloud storage, and other Apple products. It’s not the same as the Apple Store, where you can buy tangible things like iPhones and MacBooks with Apple Store gift cards. In Nigeria, it has a high value, making it pricey; a $100 iTunes gift card is valued at more than N30,000.
6. Sephora Gift Card
Sephora is a well-known company in the United States and Europe that focuses on beauty items. Sephora eGift cards are ideal for anyone who appreciates cosmetics and makeup. It has grown in popularity in Nigeria, and when sold, the gift card fetches a high amount.
7. Nordstrom Gift Card
Nordstrom is known for its high-end accessories and apparel. This business sells gift cards that may be used to buy the brand’s products either online or at their retail locations. It has a high market value, making it a prized and expensive gift card.
8. eBay Gift Card
How could we overlook eBay gift cards? Ebay gift cards can be redeemed for millions of things on the eBay website, including Electronics, Toys, Motors, Fashion, Home & Garden, Art, Collectibles, Sporting Goods, and everything in between, and you may be able to get a very high rate if you don’t spend it on the eBay platform. On the correct platform, you can obtain roughly 32,000–35,000 Naira for your $100 eBay gift card.
9. Target Gift Cards
Target is a shop in the United States that sells gift cards that may be used to buy a variety of things at Target’s physical locations and online sites. This gift card has a good resale value in Nigeria. You can sell a $200 Target gift card in Nigeria for 52,000 naira today.
10. Vanilla Gift Card
Vanilla Visa is a well-known brand in Nigeria. The gift card is simple to use and has a significant resale value. As a result, it’s one of Nigeria’s most expensive gift cards. Vanilla gift cards come in a variety of shapes and sizes. The interest rates on these types of cards are highly appealing.
After seeing how in-demand gift cards are and how much they are worth, the next question is where to swap them. To be honest, having a gift card but not having the finest platform is the same as not having a card at all. If you have gift cards and have been wondering where to sell them to save some cash for yourself, whether it’s on iTunes, Amazon, Steam, Google Play, Walmart, or anywhere else, the NOSH App is a must-have application for you.
As a Nigerian, now is perhaps the best moment to possess gift cards. It’s worth noting that the rates on these gift cards differ. The demand for the card is the most important factor in determining the rate. You should be fine if you have any of these ten cards. So, what’s next? Begin by installing the NOSH App and taking advantage of the fantastic deals.