How Much Is A $200 Amazon Gift Card In Nigerian Naira?

Amazon gift cards are among the most popular in Nigeria, contributing to their high resale value. If you’re curious about how much a $200 Amazon gift card is worth in naira, you’re in the right place.

Although Amazon gift cards may have a high face value, they are often exchanged for Naira at lower rates. This disparity is influenced by market demand, platform fees, and resale conditions.

However, Nosh offers some of the best exchange rates, making it a top choice for gift card trading. Now, let’s take a look at how much a $200 Amazon gift card is worth in naira.

What is the Current Value of a $200 Amazon Gift Card in Naira?

The exchange rate for Amazon gift cards fluctuates based on market demand and platform pricing. To find out the exact value of your $200 Amazon gift card in naira, follow these steps using the Nosh Amazon gift card rate calculator:

Step 1: Go to the Nosh Amazon Rate Calculator

You can use the Nosh Amazon rate calculator on the web or click “Check Rates” to open the Rate Calculator on the Nosh app. This tool allows you to check the real-time exchange value of your Amazon gift card before proceeding with a trade.

Step 2: Select the Card Subcategory

Amazon gift cards come in different subcategories, such as Cash Receipt, E-code, and Debit Receipt, which have varying exchange rates. Choose the correct category that matches your gift card to get the most accurate rate. 

Step 3: Input the Gift Card Amount

Enter the total value of your gift card (e.g., $200), and the calculator will automatically display the current exchange rate and the equivalent amount in naira.

With the current rate set at ₦300 per dollar, a $200 Amazon gift card is valued at ₦60,000 on Nosh. 

Factors That Determine the Rate of a $200 Amazon Gift Card

The exchange rate of a $200 Amazon gift card is influenced by three key factors which can either increase or decrease the card’s value in naira.

1. Gift Card Type: The format and category of a gift card impact its resale value. Factors such as the amount, receipt type, and mode of issuance play a role. Generally, E-codes have lower exchange rates compared to physical gift cards.
2. Availability of the Gift Card: Supply and demand affect exchange rates. If a particular type of Amazon gift card is readily available, the rate may drop due to oversupply. Conversely, when demand is high and supply is limited, the exchange rate increases.
3. Exchange Platform: The platform you choose to trade your gift card determines the final payout. Some platforms prioritize high-profit margins, offering lower rates to sellers. 

Nosh vs Cardtonic: Best Platform To Exchange $200 Amazon To Naira

Nosh and Cardtonic are two popular platforms for gift card exchange. To determine which offers the best value, we compared their exchange rates using a $200 US Amazon gift card (Cash Receipt 101 – 200) as a case study.

Nosh

Nosh is a leading gift card exchange platform in Nigeria, known for its competitive rates, secure transactions, and fast payouts. For a $200 US Amazon gift card (Cash Receipt 101 – 200), Nosh currently offers ₦300 per dollar, totaling ₦60,000. 

Cardtonic

Cardtonic is also a popular platform in Nigeria for exchanging various gift cards, including Amazon, iTunes, and Steam cards. However, Cardtonic’s rate is significantly lower, meaning users may receive less value for their gift cards.

For a $200 US Amazon gift card (Cash Receipt 101 – 200), Cardtonic currently offers ₦200 per dollar, which amounts to ₦40,000. 

If you want the best value for your $200 Amazon gift card, Nosh’s rate is the best.

Click here to trade your Amazon gift card now!

Conclusion

The exchange of Amazon gift cards for cash in Nigeria is one of the smart money moves. With a few clicks, you can convert the cards into naira at a very suitable using Nosh. Find out the worth of your Amazon gift card via the rate calculator and sign up on Nosh to sell your Amazon gift card.