As seen on Episode 2 of Dragon’s Den Season 6, Card Swap is a website that allows you to exchange your unwanted gift cards for cash. Additionally, through your Card Swap account, you are able to purchase gift cards from leading brands at a discounted rate!
Card Swap -Review
My Experience as a Gift Card Buyer:
Overall, my experience as a CardSwap buyer was a positive one. I tested some options such as bidding on a gift card (I didn’t win) and receiving an email when cards from my favourite merchants became available. As a result of one such email, I ended up purchasing a Best Buy gift card. I received the gift card 4 days after making my purchase. Shipping is always free when you make a purchase from CardSwap.
I was disappointed that there were very few gift cards available that cost less than $50. Realistically, I am more likely to buy gift cards that are around $20-25 (or less) in value. Also, the discount on most cards was minimal and I felt the small savings I received wasn’t worth the time spent searching for cards I wanted. Hopefully this aspect will improve as the site becomes more active and attracts more swappers!
My Experience as a Gift Card Seller:
Honestly, trying to sell my gift cards was frustrating. My plan for testing this service was to buy a gift card, sell it on the site, and receive money back. To start, I bought a $25 VISA gift card and when I went to sell it, I discovered that VISA was not a listed merchant. I followed the steps to recommend this merchant to Card Swap, but did not hear anything back (I still haven’t heard anything back). Being that I needed to complete this review in a timely manner, I purchased another gift card, this time a $20 gift card from Chapters Indigo (who I had verified was a listed merchant). When I entered the information and clicked ‘sell’, I received an error message telling me that Card Swap does not accept any gift cards that are less than $25 in value. At this point I gave up trying (especially since I have no desire to purchase a third gift card simply for the sake of a review).
My constructive feedback to Card Swap would be to lower the minimum card value to $10-$15. This would increase the number of sellers and consequently the number of buyers. As I mentioned before, I’m much more likely to buy a number of $10-$25 gift cards than cards that are going to cost me $50 or more.
I do think the concept of swapping gift cards is excellent and with a few tweaks to the site/service, I would consider buying and selling my gift cards on CardSwap.ca.
Have you tried, or would you try, Card Swap?
Are you more likely to purchase gift cards in the
$20 range or the $50 range?