Cheapest Way to Cash in JB Hi-Fi Vouchers

SimBer on 16/04/2018 - 10:32

Hey guys, I’ve received over $5k in online gift-cards from JB Hi-Fi. I would prefer cash and am looking for the cheapest way to cash them in.

I am thinking I might be able to loiter in the store and offer to pay for someones TV with the cards in exchange for cash/bank transfer but not too sure how kindly the staff will look upon me for that.

If anyone has any ideas I’d be very keen to hear – I am assuming that I’d be losing at least 10% to try sell the vouchers outright, so hopefully I can save some money.

Thanks!

General Discussion Gift Card

Comments

  • k-rokfm on 16/04/2018 - 10:33
    +8

    Lol that doesn’t sound dodgy at all

    • SimBer on 16/04/2018 - 10:43

      Yeah can see why you'd think that. It is from an insurance payout - even though I replaced the items they insisted on vouchers and my only option to complain about it is a 6 month wait escalating it to an ombudsman

  • neo on 16/04/2018 - 10:36
    +2

    Sell it on Gumtree but make sure you post the items first without receiving the cash!

    Seriously though, agree with the above; sounds dodgy and you could get caught out with the customer doing a runner and not transferring you the cash.

    Maybe you have a family or friend who is thinking of buying a TV or similar that you could ask?

  • [Deactivated] on 16/04/2018 - 10:39
    +5

    Make sure you sell them and the buyer sends you a text that they have bank deposited you the money, you send them straight after, without checking your bank account.

  • 87percent on 16/04/2018 - 10:51

    do what this guy did https://www.ozbargain.com.au/node/371931

  • Fergy1987 on 16/04/2018 - 10:58
    +2

    Just buy a 5000 dollar TV and be done with it.

  • 2jzzzz on 16/04/2018 - 11:05
    +1

    Buy things that resell for not much depreciation? Macs, Iphones, headphones?

    • Daniel Plainview on 16/04/2018 - 11:16
      +1

      Not meant nasty but worst idea ever (hassle, potential issues, postage/pickup PITA) but mainly capital loss, you'd easily even on a brand new unopened any one of those lose minimum 15% of what was paid - and they'll want the invoice so no getting away with one even if you buy at a great price.

      Worth a shot going instore and asking folks who look close to a deal - give them 5% off face value and you pay upfront - or atleast say you can go to staff together and verify they're 100% legit.

      Path of least resistance - sell for 10% off face value on here etc.

  • JimmyF on 16/04/2018 - 11:29
    +4

    I would prefer cash

    Well thats too bad

    be able to loiter in the store and offer to pay for someones TV with the cards in exchange for cash/bank transfer

    hahahaha

    I am assuming that I’d be losing at least 10% to try sell the vouchers outright

    Mate, If I was buying them, I would be wanting a way bigger discount than 10%….. Try 25-30% at least.

  • NotJustChickenDinner on 16/04/2018 - 11:37

    hi simber
    can you turn on messaging :)

    • SimBer on 16/04/2018 - 13:12

      done

  • JIMB0 on 16/04/2018 - 11:49
    +4

    I've transferred $4,500 into your account. Please forward me the gift cards.

    • brokenglish on 16/04/2018 - 11:54

      Nah uh OP, don’t listen to this guy.
      I just EFT you $10,000 - it’s 2x your voucher value, you can send it to me now.

  • BuyoTheCat on 16/04/2018 - 11:58
    +3

    I would get friends or family who wants to but a new laptop and work out a deal with them. wait till JB do is a 10-15% off then give them an another 10-15% off.

    • Quantumcat on 16/04/2018 - 12:29

      Definitely this, strangers and gift cards don't mix well

      • BuyoTheCat on 16/04/2018 - 20:06
        +1

        the cats agree

  • Geoff897 on 16/04/2018 - 13:20
    +3

    I had $1350 in vouchers, Bought a Google XL 128gb on weekly jbhifi special for $1299 sold it for $1350 after the sale finished. Had it for about a week.

  • mrmc on 16/04/2018 - 15:46

    save it for when a new phone in demand comes out, probably easily resell it for 10% less

Login or Join to leave a comment
Login Join