Gift Card Confidential: Turn Them in for Cash

How to turn a profit with one of the holiday's most popular presents.
1:38 | 12/21/15

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Transcript for Gift Card Confidential: Turn Them in for Cash
And it's a season of giving, and a good chance you will get a gift card. But how often do they sit in a drawer and never get used? Tonight, the secrets to turning it into cash, or even making a profit. Here's Linzie Janis. Reporter: It's the present that almost everyone gets, the gift card. I love receiving gift cards. Reporter: They're so popular. $130 billion are expected to be loaded on to them this year. They can be used to purchase anything from a meal to clothing. One company even allowing you to give the gift of stock in major corporations. But what if the card you get doesn't suit you? Probably re-gift it. Reporter: You may not know it but you can turn it into cash. Websites like and will buy your unwanted gift cards and give you cash, though usually not for the entire amount. That sounds like a fantastic idea. Reporter: And some malls and grocery stores have machines like this one, making that swap for cash even easier. Whether you keep your card or trade it in, consumer expert Lauren Lyons Cole says do it soon. The gift card won't expire until five years from the date of purchase, so you do have plenty of time to use it, but you might get hit with an activity fees, or you might lose the gift card. Reporter: In fact, so many of us misplace or waste gift cards. According to one study, $750 million went unredeemed last year. And Tom, that's why our experts says the most popular gift card out there is a bank gift card. It's like a prepaid credit card, and can be used almost anywhere. Tom? Thank you. Still ahead, a lotto fixing scam widening.

This transcript has been automatically generated and may not be 100% accurate.

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