Top 10 Best Gift Cards With Highest Rates To Sell In Nigeria

Best Gift Cards With Highest Rates To Sell In Nigeria: Gift cards are a popular and flexible way to offer presents. But sometimes, you might receive a card that you don’t need or prefer to convert to cash. In Nigeria, the gift card resale market is vibrant, and getting the best rates for your unused cards can make a difference. Here are the top 10 best gift cards with the highest resale rates in Nigeria as of March 2024:

1. Apple Gift Card (iTunes)

Apple gift cards are universally coveted for their use on the App Store, iTunes, and Apple Books, and for subscriptions to services like Apple Music. They hold their value incredibly well, making them consistently among the best gift cards to sell and offer high resale rates, ranging from ₦1,090 to ₦1,100 per dollar.

2. Amazon Gift Card

Amazon is a global e-commerce giant with a vast array of products. Amazon gift cards are popular due to their versatility and high demand. Expect to earn a high return when reselling them, with high rates, typically selling between ₦740 and ₦750 per dollar.

3. Google Play Gift Card

Google Play gift cards are essential for Android users, granting access to apps, games, movies, music, and more. Their popularity within the Android ecosystem ensures a great rate on the resale market, fetching rates around ₦995 to ₦1,100 per dollar.

4. Steam Gift Card

Steam is a top-rated destination for PC gamers to purchase games digitally. Steam gift cards are in high demand, particularly among the gaming community, and you can fetch a good rate when selling them, with rates ranging from ₦1,140 to ₦1,200 per dollar.

5. Razer Gold Gift Card

Razer Gold is a popular virtual credit beloved by gamers. It can be used for game purchases, in-game items, and more. Razer Gold gift cards consistently maintain good resale value, appealing to their target audience, offering rates between ₦1,080 and ₦1,200 per dollar.

6. eBay Gift Card

eBay is another e-commerce behemoth where you can find almost anything. eBay gift cards are versatile and widely accepted on the platform, making them a valuable option for resale, selling for ₦965 to ₦980 per dollar.

7. Sephora Gift Card

 Sephora is a popular destination for beauty products and cosmetics. Their gift cards hold value among beauty enthusiasts, contributing to their favorable resale rates, with resale rates around ₦930 to ₦950 per dollar.

8. American Express (AMEX) Gift Card

American Express gift cards offer flexibility, allowing use at a wide array of merchants accepting AMEX. This broader usability contributes to their desirable resale value, fetching rates between ₦820 and ₦850 per dollar.

9. Nordstrom Gift Card

Nordstrom is a high-end retailer known for its quality apparel and accessories. Nordstrom gift cards are popular with fashion lovers and fetch a good rate in the resale market, selling for ₦955 to ₦970 per dollar.

10. Nike Gift Card

 Nike is a powerhouse in sports apparel and gear. Their gift cards retain value well among those seeking Nike products, maintaining a favorable resale rate, offering rates between ₦920 and ₦940 per dollar.

Factors Affecting Resale Rates

• Demand: Gift cards with high demand and limited supply tend to have higher resale rates.
• Card type: Certain categories like entertainment, gaming, and retail gift cards are generally more sought-after in Nigeria.
• Denomination: Smaller denominations of popular cards might sell faster but at slightly lower rates than larger denominations.
• Platform: Different platforms offering gift card exchange will have varying rates and fees. Research and compare before selling.

Where to Sell Gift Cards in Nigeria

Several online platforms and physical stores in Nigeria offer gift card selling services. Here are some reputable options:

• Cardtonic: A popular platform specializing in gift card trading with competitive rates and a user-friendly interface.
• Prestmit: Another established platform offering various gift card buying and selling options.
• GiftCards.com.ng: A platform dedicated specifically to buying and selling gift cards in Nigeria.
• Authorized retailers: Some physical retailers of electronics or specific brands might offer gift card buyback programs.

FAQs About Best Gift Cards with Highest Rates to Sell in Nigeria

1. What are the top gift cards with the highest resale rates in Nigeria?

The top gift cards with the highest resale rates in Nigeria include Apple Gift Card (iTunes), Amazon Gift Card, Google Play Gift Card, Steam Gift Card, Razer Gold Gift Card, eBay Gift Card, Sephora Gift Card, American Express (AMEX) Gift Card, Nordstrom Gift Card, and Nike Gift Card.

2. What factors affect gift card resale rates?

Factors such as demand, card type (e.g., entertainment, gaming, retail), denomination, and the platform used for resale can affect gift card resale rates. Generally, cards with high demand and limited supply tend to fetch higher resale rates.

3. Where can I sell gift cards in Nigeria?

You can sell gift cards in Nigeria through various online platforms like Cardtonic, Prestmit, and GiftCards.com.ng, which specialize in gift card trading. Additionally, some authorized physical retailers may offer gift card buyback programs.

4. Why are certain gift cards more valuable in the resale market?

Certain gift cards like Apple, Amazon, and Google Play are more valuable in the resale market due to their versatility, high demand, and wide acceptance among consumers for various products and services.

5. Should I prefer larger denominations or smaller denominations when selling gift cards?

Smaller denominations of popular gift cards might sell faster, but they might fetch slightly lower rates compared to larger denominations. The choice depends on your urgency and the expected return.

Conclusion

The gift card resale market in Nigeria is thriving, offering individuals the opportunity to convert unused or unwanted gift cards into cash. As of March 2024, certain gift cards like Apple, Amazon, and Google Play maintain high resale rates due to their popularity and versatility. Factors such as demand, card type, denomination, and the platform used for resale influence the rates. To maximize returns, individuals should research reputable platforms like Cardtonic, Prestmit, and GiftCards.com.ng to sell their gift cards. With careful consideration of these factors, individuals can make informed decisions and optimize their earnings in the vibrant Nigerian gift card resale market.