Gift Card Wiki Adds Fantastic New Features
A couple of weeks ago I wrote about Gift Card Wiki. The website is a fantastic comparison tool for comparing the prices for both buying and selling gift cards. You can find more detailed information about how the site works in my original post, but today I wanted to talk about a couple of new features they have added since then.
With the site being so new, there were a couple of issues relating to inaccuracy. The biggest issue I noticed was sell rates being incorrect or out of date. While the rates to purchase gift cards were updated every hour, they weren’t able to keep the same accuracy when it came to rates for selling cards. Fortunately, I can report that the development team has made great improvements.
A few days ago the website owner emailed me to talk about a few new features. Here they are:
- Added display rates for both physical cards and code only.
- Add the rate change (in green or red) from yesterday.
- Sell rates are updated more frequently and more accurate.
- Added more re-sellers such as GiftCardBin, CardCash, etc.
Wow! That is pretty amazing work. Since I received this notice from them, I have been looking at the sale rates and they seem to be much more accurate. I’m not going to say they are 100% yet, but they are certainly as accurate as Gift Card Granny. Now lets look at two new features that are fantastic. One of them is a game changer.
Physical vs. Code – A Killer Feature
It can really be a pain to figure out who buys digital cards for each merchant and whether or not they penalize you for them. In fact, sometimes you have to get deep within a sale before you find out if they require you to send the physical card or not.
Now Gift Card Wiki has eliminated this problem. They have separated out sell rates for “Physical” sales where you mail in the cards and “Code Only” sales where you simply enter in a code online. This type of information is critical, especially if you are considering whether or not to buy eGift cards where there is nothing physical to send in.
A few days ago when Raise was offering 3% off all gift cards, I was able to find a merchant’s cards for sale on Raise at a good rate. I then went to Gift Card Wiki and saw that SaveYa was paying more than my cost for the digital codes. I placed an order on Raise through the portal, received the codes within two minutes and immediately sold them to SaveYa. It took less than 5 minutes and I made about a 7% profit on the cards.
Rate Changes Day to Day
While not as revolutionary as the physical vs. code feature, the rate change notification (as shown above) is a nice little tool. I think this is really valuable when trying to spot trends in a card’s value. If you see almost all of the exchanges lowering rates then perhaps there is too much supply or a policy change. It definitely is useful and something I am glad that they added.
I want to stress that I have nothing to do with Gift Card Wiki, but I love the site and I find it to be a valuable tool. The owner seems committed to improving the site’s features, so as long as they continue to innovate, I will continue to use their service and share about it with all of you.
Have you had a chance to use Gift Card Wiki since I originally wrote about it? What do you think of these new features? Let me know in the comments!