Have some gift cards lying around? Target will buy them from you

(CNN) - Target is buying unwanted gift cards.

The company is partnering with the gift cards exchange website, Cardpool, and electronic trade-in company, Nextworth.

Cardpool provides the trade-in rate of consumers' gift cards and then re-sells them. One example provided by Target: a $100 Walmart gift card would exchange for an $85 Target gift card.

Target will exchange gift cards from more than 600 brands, including Old Navy, Cheesecake Factory, Tiffany & Co., Staples, and Pottery Barn.

The program is available at over 1500 Target stores.