There are many gift cards available and many variations as to their redemption. If you are confused, you are not alone. Here are some facts behind why one would feel confused.
Beneath a bold promise saying, “Treat this card like cash,” a card may say in smaller, lighter print, “Expires within one year unless otherwise designated by law except in California, Delaware, Rhode Island, and Illinois where there is no expiration.” Some cards do not have any disclosures.
Pennsylvania law is silent on one of the ugliest trends in gift cards: fees assessed for “maintenance” or “dormancy” that can quickly erode the value of a gift. Thanks to such fees, a gift card can become worthless even without an expiration date.
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There are many gift cards available and many variations as to their redemption. If you are confused, you are not alone. Here are some facts behind why one would feel confused.<\/p>\n\n\t
<\/p>
Beneath a bold promise saying, “Treat this card like cash,” a card may say in smaller, lighter print, “Expires within one year unless otherwise designated by law except in California, Delaware, Rhode Island, and Illinois where there is no expiration.” Some cards do not have any disclosures.<\/p>\n\n\t
<\/p>
Pennsylvania law is silent on one of the ugliest trends in gift cards: fees assessed for “maintenance” or “dormancy” that can quickly erode the value of a gift. Thanks to such fees, a gift card can become worthless even without an expiration date.<\/p>\n\n