The end of the year is here again – and you almost won’t believe it’s December 2023? We are in the Yuletide season and the year 2024 is right around the corner, which for many means it's time to start thinking about gifts for loved ones. Gift cards can make great presents since they allow the recipient to choose their own gift while still getting something thoughtful from you.
But we all know that not all gift cards are equal in value and rate. Some seem to lose their value quickly if you don't use them right away, while others can be exchanged for Naira at nearly the full value on the card. So which gift cards are worth looking into this holiday season? Read on to find out the gift cards with the highest rates in December 2023.
Gift Cards with Highest Rates in December 2023
After comparing the current Naira exchange rates for some of the most popular gift card brands out there, these are the gift cards with the highest rates in December 2023:
1. Footlocker Gift Cards
It's no surprise that Footlocker gift cards topped the list this year. Footlocker gift cards are great for sneaker lovers to pick up the latest kicks and athletic apparel. $100 Footlocker cards can be exchanged for around 88,000 Naira this December 2023.
2. Steam Gift Cards
Gamers always seem to have a long wishlist of new games that they would love to get their hands on and a Steam gift card allows them to pick and choose new games and other software on the popular Steam platform. Right now, you can exchange a $100 Steam gift card for about 72,000 Naira – Steam cards tend to be in high demand from gamers looking to buy the latest games during the holidays.
3. Nordstrom Gift Cards
For the fashionistas, Nordstrom gift cards are a great gifting choice. Known for its upscale apparel, accessories, and homewares, Nordstrom offers plenty of worthy items. Right now, you can trade in a $100 Nordstrom card for about 84,000 Naira. The Nordstrom gift cards' popularity for holiday fashion and gift shopping helps boost the resale value.
4. Razer Gold Gift Cards
These digital credits offered by tech company Razer allow gamers to redeem them for games, software, and even hardware across various gaming platforms. The credits can be used on popular sites like Steam as well. If you want to convert a $100 Razer Gold gift card to Naira, you can likely get around 85,000 Naira for it - nice!
5. Macy Gift Card
At big department stores like Macy's, gift cards give you tons of flexibility to shop clothes, accessories, beauty products, home decor, and more. They make great gifts for the impossible-to-shop-for person. Currently, exchanging a $100 Macy's gift card would give you about 77,000 Naira – still a solid value for a department store giftcard.
6. Google Play Gift Cards
For the techie or app lovers, Google Play gift cards allow them to unlock all sorts of premium apps, books, movies, subscriptions, and more from the Google Play online store. Right now, you can exchange a $100 Google Play gift card for around 770 Naira per dollar.
7. AMEX Gift Cards
American Express (AMEX) gift cards can be used almost anywhere that accepts American Express credit cards, giving the recipient tons of options for redeeming it. And the gift cards have great exchange value too - cashing out a $100 AMEX gift card for Naira today would get you around 80,000 Naira, and Since AMEX gift cards don't expire, they tend to hold value well over time.
8. Amazon Gift Cards
Given Amazon's dominance as an online retailer in the ecommerce space, their gift cards make great gifts since they can be used to buy pretty much anything under the sun. Selling a $100 Amazon gift card for Naira would get you around 79,000 Naira in cash based on current rates. With Amazon's popularity for holiday shopping, their cards are definitely in high demand.
9. Apple iTunes Gift Cards
Any Apple device user would love receiving an Apple iTunes or App Store gift card to unlock apps, music, movies, subscriptions, and more for their iPhone, iPad, Mac, etc. The current conversion rate for $100 Apple iTunes gift cards to Naira is around 86,000 Naira.
10. Nike Gift Cards
Help the athlete in your life get sporting goods, apparel, and shoes by gifting them a Nike gift card this holiday season. Right now, you can exchange a $100 Nike gift card for Naira for about 74,000 Naira to a dollar in cash based on current resale rates.
Exchanging Gift Cards for Naira on FlipEx
Once you have secured some gift cards, either as gifts or by purchasing them online, you may be looking to exchange the gift card to Naira. FlipEx allows you to sell gift cards for Naira, receive payments via your FlipEx wallet and withdraw directly to your bank account. This tends to be the quickest and easiest way to convert gift cards to Naira. See the process below:
1. First is to download the FlipEx app from either Google Play Store or Apple App Store
2. Next is to create and register a user account.
3. Enter your correct details in the spaces provided including a strong password, and tap ‘Continue’.
4. Next is to Add your Phone to create an extra layer of security and tap ‘Continue’.
5. Once you have registered an account, you will get an email with an OTP to verify your email address/account.
6. Create a 4-digit unique PIN, tap ‘Continue’ and you are good to go.
7. Click on the ‘Sell Gift Cards’ below.
8. Select the gift card you want to sell (e.g. Apple, Amazon Google, Sephora) from the gift card options.
9. Input the necessary details including the Gift card amount and tap ‘Trade Now’ to sell.
It is pretty simple.
To Wrap it Up
When shopping for gift cards this December, keep exchange rate value in mind and consider gift cards like Steam, Apple, Nordstrom etc, that hold their value well. For tech lovers, gaming gift cards, and app store gift cards like Google Play tend to be great options too. And if you end up with any unused gift cards, be sure to explore the use of FlipEx as your giftcard to Naira exchange platform at best rates.
Hope this gives you some money-saving tips for maximizing the value of gift cards this holiday season! Wishing you a happy exchange and happy holidays ahead.