As far as I know, that is not the case.
See https://support.google.com/googleplay/answer/3422734?hl=en&ref_topic=3422657&rd=1 for more info (Redeeming gift cards and promotional codes).
1 decade ago
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New Bundles
I want the lowest denomination available in your (European) country (anything equivalent to or higher than $10 is fine).
My CS:GO key price will be a little bit lower than the standard one (1.79€) to make the trade worthwhile for you.
As I'm new here, I'll go first. You must have a lot of positive feedback and a long enough history on Steamtrades for obvious reasons, though.
Add me on Steam to discuss.