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Card Cash is a platform that allows users to buy and sell gift cards at discounted prices. It's a convenient way to get cash or popular gift cards without breaking the bank.
The company has been around since 2011, and in that time, it has built a reputation for being a legitimate and trustworthy service.
According to their website, Card Cash has processed over $1 billion in gift card transactions, which is a testament to its popularity and reliability.
Users can earn cash back on their purchases, which can add up to a significant amount over time.
What is Card Cash?
Card Cash is a digital gift card platform that allows users to buy, sell, and trade gift cards for cash or other gift cards. It's a convenient way to get rid of unwanted gift cards or earn some extra money.
Card Cash was founded in 2010 and is headquartered in Los Angeles, California. The company has a strong presence in the digital gift card market, with millions of registered users worldwide.
Card Cash operates on a peer-to-peer model, connecting buyers and sellers of gift cards through its online marketplace. This model allows users to set their own prices for gift cards, making it a popular choice for those looking to buy or sell gift cards quickly.
Card Cash is not a traditional gift card reseller, but rather a platform that enables users to trade gift cards directly with each other. This approach eliminates the need for intermediaries, making the process faster and more efficient.
Pros and Cons
CardCash offers some attractive benefits, but it's essential to consider the potential downsides.
You can sign up for CardCash's service for free, which is a significant advantage.
The company provides a 45-day guarantee, protecting you if you're sold a malfunctioning gift card.
Here are some key pros and cons to consider:
- Free to sign up
- 45-day guarantee for malfunctioning gift cards
- Purchase legit gift cards with discounts
- Exchange unwanted gift cards for others
- Get paid via PayPal or direct deposit when selling gift cards
However, CardCash has a negative BBB rating, which raises concerns about its legitimacy.
Pros
This card offers a lot of benefits, so let's dive into the pros.
You can earn unlimited 2 percent cash rewards on purchases with diverse redemption options, making it a hassle-free experience.
One of the best things about this card is its intro APR offer on purchases and qualifying balance transfers, giving you a chance to save on interest.
If you're a Wells Fargo customer, you'll also get cellphone protection when you pay your bill with this card.
You can use your rewards for a variety of things, such as statement credits, gift cards, or even cash deposits into your bank account.
This card is also free to sign up for, which is a great perk.
Here are some of the benefits of using CardCash:
- It is free to sign up.
- You could purchase legit gift cards that you can use to earn discounts when shopping at your favorite retailers.
- You don’t need to mail the physical gift card if you are selling. All you have to provide is the gift card information.
- You could exchange your unwanted gift card with another one that you can use in your favorite store.
- If selling gift cards, you could get paid via your PayPal account or receive a direct deposit.
- You are protected with the 45-day guarantee which allows you to file for a refund if you were sold a malfunctioning gift card.
Cons
The Active Cash card has some downsides to consider. One major con is the 3 percent foreign currency conversion fee, making it a poor choice for traveling abroad.
If you're looking for a card with more valuable perks, you might want to consider alternatives. Competing cash back cards offer more valuable credits to add extra value.
Wells Fargo's travel rewards redemption value is limited compared to competitors. This means you might not get the most out of your rewards.
Here are some specific cons to keep in mind:
- The company has a negative BBB rating, making many people question whether this website is legit and can be trusted.
- There are numerous complaints about disappearing card balances.
- Refunds are only eligible if the card is used within 45 days of purchase.
- A lot of complaints point to the company’s poor customer service.
The Active Cash rewards program also has some limitations. You'll only earn 2 percent cash rewards back on every purchase, which is a solid rate but not the highest.
Wells Fargo Active Review
The Wells Fargo Active Cash card's application process is very simple, especially if you're already a Wells Fargo customer, as Re'Dreyona Walker discovered.
Re'Dreyona Walker, a Bankrate credit card expert, was impressed by the card's simple cash rewards program and generous intro APR offer.
The card's high flat-rate cash rewards toward purchases make it a great choice for those who want to earn rewards on all their purchases.
Re'Dreyona Walker uses the card for emergencies and purchases she'd prefer to pay over time, such as travel booking fees or auto maintenance costs.
The card's intro APR period is a decent length, giving users enough time to save on interest while paying off their balance.
The Wells Fargo Active Cash card is a great option for first-time cardholders due to its simple cash rewards program and generous intro APR offer.
Worth a look: What Is Wells Fargo Active Cash Card
Comparison and Alternatives
The Wells Fargo Active Cash card is a great option for those looking for a no-annual-fee card with a generous welcome bonus and simple rewards structure. However, it may lack the intro APR length and issuer travel card pairing potential that some alternatives offer.
If you're looking for alternative options to buy and sell gift cards, there are several websites you can consider. Some popular alternatives to CardCash include Gift Card Granny, Gameflip, Cardsell, Raise, GiftCash, and GiftCardBin.
Here are some alternative ways to make money online, including survey sites like Swagbucks, Survey Junkie, and MyPoints, as well as gig economy jobs like Instacart shopper.
Wells Fargo Active Rewards Comparison
The Wells Fargo Active Cash card is an excellent choice for those seeking a no-annual-fee card with a generous welcome bonus and a simple rewards structure. It earns unlimited 2% cash rewards on purchases.
One of the key benefits of the Wells Fargo Active Cash card is its flexibility - it doesn't have bonus categories or spending limits, making it easy to earn rewards on all purchases. The rewards value is 4 stars out of 5, according to Bankrate's rating.
Expand your knowledge: How Does Active Cash Card Work
The card also offers a $200 cash rewards bonus after spending $500 in purchases in the first 3 months, which is a great incentive for new cardholders. The regular APR is 19.24%, 24.24%, or 29.24% Variable APR.
Here's a comparison of the Wells Fargo Active Cash card with other cash rewards cards:
As you can see, the Wells Fargo Active Cash card offers a higher rewards rate and a more competitive intro APR compared to other cash rewards cards. However, it may lack the intro APR length and issuer travel card pairing potential that some alternatives offer.
Alternative Options
If you're looking for alternative options, consider the Wells Fargo Active Cash card's competitors, which offer more intro APR length and issuer travel card pairing potential.
The Wells Fargo Active Cash card may lack the intro APR length and issuer travel card pairing potential that some alternatives offer.
CardCash is not the only place to buy and sell gift cards, and exploring other options can make the most value for your money.
See what others are reading: Wells Fargo Active Cash Card Cash Advance Fee
Some alternative websites to buy and sell gift cards include:
- Gift Card Granny
- Gameflip
- Cardsell
- Raise
- GiftCash
- GiftCardBin
If you're looking for alternative ways to make money online, consider websites like Swagbucks, Survey Junkie, and MyPoints, which offer rewards for answering surveys, watching videos, and shopping online.
If you're looking for a job, FlexJobs is a recommended job site for flexible, work-from-home jobs, offering an exclusive discount of up to 30 percent off with the promo code FLEXLIFE.
Chase Freedom Unlimited
The Chase Freedom Unlimited is a solid choice for earning cash back on your purchases. It offers an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back.
The card has a unique rewards structure, with 5% cash back on travel purchased through Chase Travel℠, 3% on dining and drugstores, and 1.5% on all other purchases. You can also earn 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service.
Expand your knowledge: Chase 2 Cash Back Card
One of the standout features of this card is its travel protections, which are exceptional for a no-annual-fee card. If you plan to travel, this card could be a great option.
The Chase Freedom Unlimited card also has a long intro APR offer of 15 months, which is a good option if you need time to pay off upcoming expenses.
Curious to learn more? Check out: Best Cash Back Travel Card
A Legit Company?
CardCash has been operating for over a decade, established in 2009, and has a strong track record in the industry. It has been featured in major media outlets like Bloomberg, CNN, and The New York Times.
CardCash has partnerships with various brands, which provides evidence of its credibility and legitimacy. The platform has also been accredited by the Better Business Bureau (BBB) since 2010, with a rating of A+, signifying that CardCash meets certain standards of trustworthiness and customer satisfaction.
CardCash offers a 45-day guarantee on all purchases, providing an added layer of protection for users and demonstrating the company's commitment to customer satisfaction. This guarantee ensures that users are protected in case of any issues with the gift cards.
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CardCash has implemented security measures to protect users' information and transactions, using encryption technology to secure sensitive data. The platform also has strict policies in place to prevent fraud and unauthorized access.
CardCash has been named one of Forbes' Most Promising Companies, further solidifying its reputation as a legitimate and trustworthy platform. Millions of users have used the platform over the years, with most affirming that it is user-friendly, with fast payout time and delivery of gift cards.
CardCash's customer support is active and swift, addressing user concerns and issues in a timely manner. However, some users have reported difficulties in contacting CardCash's customer service, which the company is working to address.
CardCash has a negative BBB rating, with more complaints than positive feedback. Users have reported issues with card balances disappearing after purchase, and sellers being paid less than advertised for their gift cards.
Consider reading: Citi Custom Cash Card Phone Number
Safe
CardCash takes several measures to ensure the security of transactions on its platform. The platform uses encryption technology to protect users’ sensitive information, such as credit card details and personal data.
CardCash has strict policies in place to prevent fraud and unauthorized access. The platform verifies the authenticity of gift cards before making them available for purchase.
CardCash has a 45-day guarantee on all purchases, which ensures that users are protected in case of any issues with the gift cards. This guarantee allows users to file a complaint within 45 days and receive a full refund.
Selling gift cards on the website is pretty safe, as users only need to get verified using their credit card to start selling gift cards.
Fees and Charges
No annual fee is associated with the Wells Fargo Active Cash card, making it easy to fit into your rewards strategy.
You won't need to worry about an annual fee to offset rewards, but there is an up to $40 late payment fee if you miss a payment.
CardCash may charge you for a gift card that they don't accept, possibly due to a misunderstanding or error during the transaction process.
You can reach out to CardCash's customer service for further assistance if you encounter this issue.
There's also a 3 percent intro balance transfer fee ($5 minimum) on each transfer completed within 120 days from account opening, and a 3 percent foreign currency conversion fee.
A different take: Citi Custom Cash Card Annual Fee
Rates and Fees: No Annual Fee
The Wells Fargo Active Cash credit card has a low ongoing cost, making it easy to fit into your rewards strategy, with no annual fee to worry about.
You won't need to shift your spending or earn enough rewards to offset an annual fee, a common concern for many cash rewards cards.
There is no penalty APR to worry about, but be aware that an up to $40 late payment fee applies if you miss a payment.
The card also has a 3 percent intro balance transfer fee ($5 minimum) on each transfer completed within 120 days from account opening, which is on the low end of the traditional 3 percent to 5 percent range.
Some competing cash reward cards don't charge foreign transaction fees, but the Wells Fargo Active Cash card does charge a 3 percent foreign currency conversion fee.
This fee is typical, but it's worth considering if you travel often.
Take a look at this: 3 Cash Back Credit Cards
Charged If Not Accepted
You might have noticed a situation where you were charged for a gift card that doesn't accept the card in question. If that's the case, it's likely due to a misunderstanding or error during the transaction process.
Reaching out to the service provider is a good idea to get to the bottom of the issue. CardCash's customer service is a great place to start, and providing them with details of the issue will likely get you the assistance you need.
How It Works
CardCash is a platform that allows users to buy and sell gift cards online. It works by taking the role of the middleman between sellers and buyers. Sellers can list their gift cards on the platform and receive an offer from CardCash, which they can then accept or decline.
To buy gift cards on CardCash, users can browse through the available options and select the ones they want to purchase. They can pay using various methods, including credit/debit cards, PayPal, or cryptocurrency. The platform offers discounted gift cards, allowing users to purchase their favorite brands at a lower price than the face value of the cards.
CardCash also offers a convenient and user-friendly platform for buying gift cards, with a mobile app and a wide range of gift cards available from over 1,100 retailers.
Intro APR Offer
The intro APR offer on the Active Cash card is a decent option for those with big purchases coming up or existing balances to pay off. You can enjoy a 12-month intro APR on purchases and balance transfers.
The ongoing APR of 19.24%, 24.24%, or 29.24% Variable APR is steady around the current average interest rate. This means you won't be hit with a huge spike in interest rates after the intro period ends.
Many no-annual-fee cash rewards cards offer 15-month intro APRs on purchases and balance transfers, which is a better deal than the Active Cash card's 12-month intro APR. However, the combination of intro APR periods and rewards on the Active Cash card may still make it a more enticing option.
Check this out: Citi Double Cash Card Balance Transfer
Citi Double
The Citi Double Cash Card is a great option for those who want to earn cash back on their purchases. It offers a $200 cash back bonus after spending $1,500 in the first 6 months.
To earn this bonus, you'll need to make purchases on your Citi Double Cash Card within the first 6 months of opening your account. This will be fulfilled as 20,000 ThankYou Points, which can be redeemed for $200 cash back.
The card earns 2% on every purchase, with unlimited 1% cash back when you buy and an additional 1% as you pay for those purchases. To earn cash back, you just need to pay at least the minimum due on time.
A special travel offer is also available, earning 5% total cash back on hotel, car rentals, and attractions booked on the Citi Travel portal through 12/31/25.
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How It Works
CardCash is an online platform that allows you to buy and sell gift cards at discounted prices. It works by connecting buyers and sellers, providing a convenient and user-friendly experience.
The platform offers a wide range of gift cards from over 1,100 retailers, including popular brands like TJMaxx, Walmart, and Home Depot. You can browse through the available gift cards, select the ones you want, and make your purchase.
To sell gift cards on CardCash, you simply enter the details of your gift cards, and the platform will provide you with an offer. If you accept the offer, you'll need to send your physical gift cards to CardCash for verification.
The verification process typically takes a few business days, after which you'll receive payment for the agreed-upon amount. Payment options include check by mail, ACH transfer, PayPal, or trading for another gift card brand.
CardCash offers a convenient and mobile-friendly platform for buying and selling gift cards. You can use credit/debit cards, PayPal, or cryptocurrency to complete your transactions.
The platform also features a bulk buying and selling program, allowing you to buy and sell gift cards in larger quantities and save even more money.
Curious to learn more? Check out: Paypal Debit Card 5 Cash Back
Not Suitable for All
CardCash may not be the best option for everyone due to potential customer service issues. Some users have reported difficulties in contacting CardCash's customer service or receiving timely responses.
The platform may not be suitable for those who prefer to have the full value of their gift cards in cash. The cash payout for selling gift cards on CardCash is typically less than the face value of the card.
CardCash has a 45-day guarantee on purchases, but this may not be enough time to ensure the gift cards work as expected. There have been instances where users have received gift cards with zero or reduced balances.
Misleading partner websites listed on CardCash can also be a disadvantage. These websites may advertise more discount rates than they actually give, which can be frustrating for users.
In comparison to other online gift card marketplaces, CardCash's 45-day guarantee is quite poor. Raise, for example, offers a guarantee for about one year.
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Frequently Asked Questions
How quickly does CardCash pay you?
Payments are typically processed within 1-2 days of order approval, ensuring a quick and hassle-free experience
Is Raise or CardCash better?
Raise and CardCash have different payment structures: Raise offers lower fees but delayed payment, while CardCash has higher fees but pays upfront
What is the best gift card exchange site?
The best gift card exchange sites vary depending on your needs, but top options include CardCash, Gameflip, and Raise, each offering unique features and benefits for buying and selling gift cards. To find the best fit for you, explore their platforms and compare their fees, selection, and user experience.
Sources
- https://www.bankrate.com/credit-cards/reviews/wells-fargo-active-cash-card/
- https://vh-info.com/2024/05/25/is-card-cash-legit/
- https://prestmit.io/blog/cardcash-review-cardcash-legit-scam
- https://thismamablogs.com/is-cardcash-legit/
- https://marketrealist.com/company-industry-overviews/is-cardcash-legit/
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