You might be holding a $5 Amazon gift card and wondering how much it’s worth in Nigerian Naira, you’re not alone. Many gift card users like you are eager to convert their gift cards into cash, and finding the best rate is crucial. At SnappyExchange, we make it easy to sell your $5 Amazon gift card at competitive rates, ensuring you get the best value for your card.
Gift card values can fluctuate depending on market conditions and exchange rates, so knowing the current rate is essential before selling. In this article, I’ll break down the current value of a $5 Amazon gift card in Naira, show you how rates change over time, and explain how to get the most out of your gift card by selling it through SnappyExchange; Nigeria’s most trusted platform for converting gift cards into Naira.
What is the $5 Amazon Gift Card Rate Now in Naira?
A few key things matter when it comes to knowing how much your $5 Amazon gift card is worth in Naira. First, the exchange rate between the USD and the Naira plays a big role. Different platforms offer different rates, so the higher the rate, the more Naira you’ll get for your card.
Market demand is another important factor. If there’s high demand for Amazon gift cards, especially on platforms where people buy and sell them, you’re more likely to get a better deal. But if demand is low, you might not get as much Naira in return.
And don’t forget about transaction fees! Some platforms charge fees for processing your card, which can lower your final payout. That’s why it’s always good to choose a trusted platform like ours, where you’ll get the best rates and clear, upfront fees, so there are no surprises along the way!
How To Convert a $5 Amazon Gift Card to Naira?
Follow these step-by-step guide to check its value on the most trusted platform; SnappyExchange:
- Visit our SnappyExchange website
- On our Snappy Rate Calculator page
- Select the Digital Asset (Amazon card)
- Select the country, card type, and denomination.
From our rate calculator, the current rate for an Amazon gift card is ₦645. Therefore, when sold, it will give you ₦3,225.
How To Redeem an Amazon Gift Card
The following is a step-by-step guide you can use to redeem your Amazon gift card:
1. To Redeem a Physical Gift Card
- First, take the card out of its outer packaging. Once you’ve got it out, it’ll look just like a regular credit card in size and shape.
- Next, flip it over to find the claim code. It’ll be under a peel-off sticker or in the silver scratch-off area. The code itself is 14 or 15 characters long and will have a mix of letters and numbers.
- Now, head over to the “Redeem a Gift Card” section on Amazon. Enter your claim code there and select “Apply to Your Balance.” This will add the gift card value to your account, ready for you to use on your next purchase.
2. To Redeem An Electronic Gift Card
- Go to the Amazon website and make sure you’re logged into the account where you want to redeem your gift card. If you’re not, just sign out and log back into the right account.
- If your gift card came via email, click on “Apply to your Amazon Account.” You might need to log in again to confirm. If you received it through a text message, click on the link in the text to go to the redemption page, and then choose “Apply to your Amazon Account.”
How To Sell an Amazon Gift Card in Naira
The best platform where you can sell your $5 Amazon gift card for its exact value in Naira on SnappyExchange. Follow these step-by-step guide to sell your Amazon gift card in Naira:
- Log in to the SnappyExchange website.
- On the upper righthand of the screen, click on login or register if you’re new to the site.
- Go ahead and enter your e-mail and password
- On the next page, select “Sell gift cards”
- Select Amazon gift card
- Select the country and enter the card details.
- Select the card type, follow the other prompts, and submit.
After a confirmation time of 2-10 minutes, your account will be credited in Naira.
FAQs
- Are Amazon Gift Cards Region-Locked?
Amazon gift cards are region-locked, meaning you can only use them on the specific Amazon site for the region where they were purchased. For example, if you get an Amazon gift card in the U.S., it will only work on Amazon.com (the U.S. site). It won’t work on other regional sites like Amazon UK or Amazon India, because each one operates in its own currency and region.
So, if you’re buying or receiving an Amazon gift card, just make sure it’s for the right Amazon site for your region.
- Can You Use Amazon Gift Card to Buy Another Gift Card?
You can’t use an Amazon gift card to buy another gift card, whether it’s from Amazon or a different brand. Amazon restricts gift cards from being used to purchase more gift cards, so you’ll have to use another payment method if you’re looking to buy gift cards for someone else.
- What is the Amazon Gift Card Rate?
Amazon gift card rates refer to the amount of money you’ll get when you sell or exchange your Amazon gift card for cash in local currency, like Naira or any other currency. These rates can vary depending on several factors, such as:
- Exchange rate: The value of the currency at the time.
- Market demand: If more people are demanding to buy Amazon gift cards, you’ll get a better rate.
- Platform fees: Some platforms charge fees, which can affect the final amount you receive.
It’s always a good idea to check different platforms and find one offering the best rate before selling your gift card.
Read Also: How Much is $10 Amazon Gift Card?
Conclusion
The value of a $5 Amazon gift card in Naira can change due to exchange rates and market trends. If you want to get the best deal, it’s important to keep an eye on these factors and use a reliable platform for your trade. With SnappyExchange, you can easily sell your gift cards at great rates, and the process is super smooth, with fast payouts guaranteed.
Are you ready to turn your $5 Amazon gift card into cash? Just visit our website today and get top rates in just a few clicks. Don’t miss out on getting the most for your card. Start your exchange now!