Target is buying unwanted gift cards and giving customers store credit in return.
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The retailer is accepting gift cards from more than 600 brands, including Old Navy, Cheesecake Factory, Tiffany & Co., Staples, and Pottery Barn, CNN Money reports.
Customers must visit a Target store with their unwanted cards to make the exchange.
There's a slight catch, however.
Fees are taken out of the cards during the exchange, so the full value of the original gift card won't end up on the Target gift card.
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A Walmart card worth $100, for example, will be worth $85 in Target store credit after an exchange.
The exchange fees vary, and they are generally higher from a big-box store like Walmart, according to CNN Money.
Target is partnering with the gift-card-exchange website Cardpool for the program.
Cardpool buys gift cards and offers cash in return.
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Redeeming a $100 Walmart card by mail through Cardpool will pay out $90 cash. Redeeming it online will pay out $85.
