Yes, it’s possible to make money with Amazon gift cards, although it often involves indirect methods. While you can’t convert them directly to cash, there are creative ways to utilize them for monetary gain. You can earn Amazon gift cards through various platforms, trade them for cash, or use them strategically for purchases that can free up your cash for other uses. By combining online rewards programs, cashback apps, and smart reselling options, you can maximize the value of your gift cards to generate income.

Ways to Make Money with Amazon Gift Cards

Here are key ways to make money with amazon gift cards:

1. Earning Gift Cards Through Rewards Programs

Several online platforms offer Amazon gift cards as rewards for completing small tasks. These tasks can include taking surveys, watching videos, shopping online, or playing games. Some of the most popular platforms are:

• Swagbucks: This platform rewards you with points for engaging in activities like answering surveys, searching the web, or watching promotional videos. You can then redeem your points for Amazon gift cards.
• InboxDollars: Similar to Swagbucks, InboxDollars pays you for watching videos, reading emails, or completing surveys. The payout can be in Amazon gift cards or cash.
• Survey Junkie: You can participate in surveys and collect points, which you can trade for Amazon gift cards once you reach the payout threshold.

By signing up for multiple platforms, you can accumulate Amazon gift cards relatively quickly, which can be used to make strategic purchases or save you money on things you’d normally buy.

2. Utilizing Cashback Apps

Cashback apps offer an easy way to make money by getting a percentage of your spending back in the form of Amazon gift cards. You can either get direct cashback or convert your cashback earnings into gift cards. Examples include:

• Rakuten: Formerly known as Ebates, Rakuten offers cashback on your online purchases from a wide range of stores. You can choose to receive your cashback as Amazon gift cards instead of cash.
• Ibotta: This app allows you to earn cashback when you shop at participating retailers. Once you’ve accumulated a certain amount, you can opt to receive the money in the form of Amazon gift cards.

By using these apps, you’re essentially earning money back on purchases, and if you’re a frequent online shopper, the rewards can add up over time.

3. Completing Microtasks on Amazon Mechanical Turk

Amazon’s own microtask platform, Amazon Mechanical Turk (MTurk), allows you to complete small tasks, such as data entry, transcriptions, or surveys. Once you’ve completed tasks, you can choose to get paid in Amazon gift cards. While each task may pay a small amount, consistent use of MTurk can help you generate gift cards that can be used for shopping or resold.

4. Selling or Trading Amazon Gift Cards

If you prefer cash instead of an Amazon gift card, you can sell or trade your gift cards online. Platforms like:

• Raise: Allow you to list your unwanted gift cards for sale at a discounted price. Buyers looking to save money on their Amazon purchases can buy these cards from you, and you’ll get cash in return.
• Cardpool: Offers an instant buyback option for your gift cards. They may pay a percentage of the value (usually less than the full amount), but it’s a quick way to convert gift cards into cash.

Selling or trading gift cards allows you to monetize the gift card, although you typically won’t get 100% of its face value.

5. Using Gift Cards to Free Up Cash

Another indirect method of making money with Amazon gift cards is using them to pay for items you would normally buy with cash. For instance, if you use an Amazon gift card to purchase groceries, household essentials, or other necessary items, you can save the cash that would have gone toward those expenses. In this way, you’re not converting the gift cards into cash, but you’re reducing your out-of-pocket spending, effectively “making money.”

6. Referring Friends to Earn Amazon Gift Cards

Many websites and apps offer referral bonuses in the form of Amazon gift cards. For example, apps like Rakuten and Swagbucks often reward you with a percentage of your referrals’ earnings when they sign up using your referral link. Over time, this can become a passive income stream as more friends sign up through your links.

7. Using Amazon Gift Cards for Reselling

You can also use Amazon gift cards to buy items on sale or discounted, then resell those items for a profit. For example:

• Online Arbitrage: Purchase products at a low price using your Amazon gift cards, then sell them on marketplaces like eBay or Facebook Marketplace at a higher price.
• Amazon Deals: Take advantage of Amazon’s deals and discounts, buying items you know you can resell for a profit.

By utilizing the discounts Amazon offers, you can increase your return when reselling these items, indirectly making money with the gift cards.

Amazon gift cards offer several ways to make money, either directly or indirectly. By participating in rewards programs, taking advantage of cashback opportunities, or selling the gift cards themselves, you can turn these non-cash assets into valuable financial resources. With some creativity, you can use these cards to boost your income or reduce your expenses.

Expected Earnings

The potential income from Amazon gift cards varies based on the effort and methods used. Rewards programs like Swagbucks and InboxDollars can earn you $20-$100 per month by completing tasks such as surveys and watching videos. Cashback apps like Rakuten and Ibotta offer 1%-10% back on purchases, with average earnings around $10-$70 per month depending on shopping habits.

If you complete microtasks on Amazon Mechanical Turk (MTurk), you could earn $20-$100 per month part-time. Selling or trading gift cards on platforms like Raise typically returns $85-$90 for every $100 in gift cards, while using gift cards for essential purchases can free up $50-$200 in cash savings.

Referral programs can bring in $20-$100 monthly, depending on the number of friends you refer. Additionally, reselling items bought with discounted gift cards through platforms like eBay can generate $50-$300 or more if done strategically.

In total, with low effort, you might earn $20-$100 per month, while moderate to high effort could generate $100-$500+ monthly from combining these methods.