Target’s New ‘Trade-In-Program’ Gives You Gift Cards For Old Electronics And Other Unwanted Gift Cards

As if shoppers nationwide didn’t already love Target enough, here’s just one more reason.

The popular retailer joined the ranks of Amazon and Best Buy and launched a trade-in program through which you can exchange used items such as consumer electronics and video games as well as gift cards to other retailers for gift cards good to use at Target.com and all Target retail stores.

Here’s How It Works

First, you need to plug in your zip code on Target’s trade-in website to ensure your local store offers this service. After answering a few simple questions about the items you plan to trade in, the website will then generate a quote for how much Target can offer you via a gift card to their store in exchange for your unwanted items.

As a side note and something to keep in mind, according to the Krazy Coupon Lady, the exchange amount can vary from day to day.

RELATED: What To Know About Buying Refurbished Electronics

Upon accepting their quote, Target will then provide you with a prepaid shipping label generated at the end of your transaction, and they guarantee same-day processing.

A spokeswoman for Target told The Star Tribune that a $100 Wal-Mart gift card can be exchanged for an $85 Target gift card, and that gift cards from many other retailers are also eligible for the program.

CNBC says consumers could likely get a better trade-in value for their old gift cards if they opted to use sites like Cardpool.com instead, but Target’s program certainly is convenient. After all, we all have items on our shopping list that can be purchased at Target!

If you’d rather hold on to your unused gift cards and are more interested in trading in your consumer electronics, here are some of the items the store is willing to accept:

• Phones including the brands Alcatel, Amazon, Apple, Asus, Blackberry, Blue, Google, HTC, Huawei, Kyocera, LG, Microsoft, Motorola, Nokia, NUU Mobile, Samsung and Sony Ericsson.
• Tablets including the brands Acer, Alcatel, amazon, Apple, Asus, Barnes & Noble, Dell, Google, HP, HTC, Lenovo, LG, Microsoft, Motorola, Nokia Samsung and Sony
• Video games for X Box 360, X Box One, Nintendo 3DS, Nintendo DS, Nintendo WII, Nintendo WIIU, Playstation Vita, Playstation 3 and Playstation 4
• Consoles by Microsoft, Nintendo and Sony
• Apple products including iPads, iPods, Apple watches and iPod Nanos
• Wearables, including the brands Apple, Asus, FitBit, Garmin, Jawbone, LG, Microsoft, Motorola, Pebble, Samsung, Sony and Tom Tom

And if you’re curious as to what you can receive in exchange for certain items, The Krazy Coupon Lady shared some details on her trade-ins through Target’s program. She received a $57 gift card for her iPhone 5s and charger, $5.15 for her used Kindle Fire, $75 for her Playstation 4, $1.57 for a used video game and $5.15 for a used FitBit.