Ever since gift cards were introduced in 1994, they have become so important in the commercial sector and have been embraced by both global and local companies. Nordstrom is one of such companies.
Nordstrom was founded in 1901 by John Nordstrom and Carl Wallin. The company which was formerly called Wallin & Nordstrom started out as a shoe company and eventually became more than that years later. In 1971, the company became public and was renamed as Nordstrom. This company is now one of the leading fashion retailers in the world, and is well loved by many people around the globe.
Types Of Nordstrom Gift Cards
In order to make gifting easy, Nordstrom incorporated gift cards into their marketing strategy. These gift cards come in two forms:
- Physical gift cards
- eGift cards
The values of both gift cards range from $50 – $500 and can be purchased on their website. If you like, you can choose to customize these gift cards by adding whatever picture you want.
How To Determine The Rates Of Gift Cards
One reason why anyone would want to know the rates of a gift card is because they want to sell it. After all, it’s a cool way to make some extra money. To determine how much your gift card is worth, you’ll need to check with your preferred trading platform. For instance, Cardtonic is an online trading platform that has a gift card rate calculator to help you know how much your gift card is worth in a matter of seconds.
Why Do The Rates Vary?
Have you ever tried to exchange money at a Bureau de change? Sometimes a dollar may not be what it was yesterday or even five minutes ago. Even stock prices fluctuate. I used to wonder why, until I found out that demand and supply is what causes these rates to change frequently. This also applies to the rates of gift cards, the market drives the changes. The rate of a gift card at 3:05 pm will most likely not be the same tomorrow. This is why it is important for you to check the rates at the time you want to make a transaction.
How Much Is My $500 Nordstrom Gift Card Worth Today?
Using the Cardtonic gift card rate calculator, a $500 physical Nordstrom gift card is worth 185,000 naira, and a $500 Nordstrom eGift card is worth 125,000.
If I were you, I would hurry to that platform right now to get the best deal and cash out.