How To Convert an Amazon Gift Card to Visa
Can You Convert an Amazon Gift Card to Visa and How?
Got a spare Amazon gift card, but you’d rather have the cash in your pocket? What if there was a way (or two) for you to cash out your Amazon gift card and transfer the funds on a Visa card?
There are a few crafty ways to do it, and this article will explain how you can convert your Amazon gift card to Visa in two simple and 100% legit ways.
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How To Convert An Amazon Gift Card to Visa
If you want to turn your Amazon gift card to Visa, once you redeem it, you can choose to:
- Send the funds to your bank account so they are available on your Visa card
- Buy and sell gold and receive funds on your Visa card
How To Redeem an Amazon Gift Card
To redeem your Amazon gift card, you will need to use the 15-digit code you received in your email. You can also find it printed at the back of the physical gift card. There are two ways to redeem your card—via your mobile phone or your PC. The steps will differ slightly depending on the method.
If you use the Amazon app on your phone, follow these steps to redeem the gift card:
- Open the Amazon App or visit the website
- Log in to your account and go to the main menu
- Select Payments and tap on Your Payments
- Click on Amazon Gift Card
- Tap on Redeem a Gift Card
- Type in your gift card code and hit the Apply to Your Balance button
To redeem your Amazon gift card using your PC, you should follow these steps:
- Go to the Amazon website and sign in to your account
- Select the Account option located under Hello and click on Account in the drop-down menu
- Select Your Payments
- Choose the Amazon Gift Card option
- Click on Redeem a Gift Card and enter your gift card code
- Hit Apply to Your Balance
You can also visit the Redeem a Gift Card section on the website and skip the first three steps.
With the funds on your account, you can purchase any product you like or complete one of the possible actions to turn your Amazon gift card to Visa.
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Sending Money From the Amazon Pay Account to the Bank Account
Source: Emil Kalibradov
Once you have redeemed your gift card to your Amazon Pay account, you can transfer the funds directly to your bank account, and they will be available on your Visa card.
Follow these steps to send money from your Amazon Pay account to your bank account:
- Open the Amazon app and go to Amazon Pay
- Find the Pay Now option and select Send Money
- Select the To Bank option from the provided alternatives (the other options are Scan, UPI ID, Near me, To Phone)
- Fill in the required bank details
- Click on the Proceed To Send Money button
Buying and Selling Gold With Your Amazon Pay Account Balance
Another way to transfer the funds from your Amazon Pay account to your bank account and, consequently, your Visa card is to purchase and sell gold. Amazon’s feature Gold Vault allows you to buy and sell gold at the latest prices since they get refreshed every five minutes. There are no limitations to how much gold you can buy, and you can sell it anytime you like.
If taking part in the gold trade sounds appealing to you, follow these steps:
- Open your Amazon Pay balance and select Gold Vault
- Complete the verification process and enter the amount you redeemed from your gift card
- Select Proceed To Buy
- Choose Amazon Pay Balance as the payment method
You will now have to sign in to your account again, provide your Amazon account number, and complete another verification process. Once you are back at the Payment Method page, click on Pay, and you will have bought yourself some gold.
The next step is to sell the gold and get the money into your bank account. All you have to do is:
- Open the Gold Vault
- Select the Sell Gold option
- Enter the amount you have purchased
- Provide your bank information
If you choose this method, there is a chance you’ll get both more and less money in your account than what was on your Amazon gift card. It will depend on the latest price of gold.
Unless you need cash instantly, waiting for the price of gold to increase so you can make more money is a good idea. In that case, you will have to track the price of gold regularly and determine the best time to sell.
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How To Use an Amazon Gift Card if You Decide To Spend It on Amazon
Amazon offers you a sea of products, so if you decide not to convert an Amazon gift card balance to cash or turn it into your Visa balance, you have plenty of other options to spend those funds.
If you can’t find anything you like or need on the Amazon website, you can keep the gift card for later without worrying if it will expire.
There are also some other ways to spend the gift card funds. For example, a few other online retailers accept Amazon gift cards as a payment method. You can purchase some Amazon-related products as well—check out the platforms where you can do that:
- Amazon Prime Membership—Amazon Prime is a fantastic option because it grants you free shipping, access to Prime Day, and sometimes even same-day deliveries
- Amazon Kindle—You can get a subscription to Kindle Unlimited or purchase books on the platform
- Amazon Fresh—Once you make a purchase with your gift card, Amazon’s grocery delivery service will bring you fresh groceries within only two hours
- Bitcoin—You can use your Amazon gift card to buy cryptocurrency. It’s an excellent way to start investing in crypto without any risks
Knowing that you can use your Amazon gift card to buy a lot more than what’s offered on the retailer’s website, you will wish you had more of them.
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Feature Image source: CardMapr