Gift Cards

Gift cards expire, fees eat away at the value, or people simply don’t use them. So, federal rules designed to help gift cardholders go into effect Sunday, Jan.1, 2011. They regulate expiration dates and offer more of a shield from hidden fees. New regulations, call for FULL DISCLOSURE of fees and expiration dates ON THE CARDS. Cards expired, fees eat away at the value, or people simply don’t use them. Somewhere around $5 billion go unused!
Gift cards were never meant to be saved. You need to use them or lose them. The gift- giving season is at an end, but has it ended really. Now is the time for you to take all your gift cards and go shopping for what you want!
If you don’t want to use your gift cards there are many sites on line to sell them (for a fee). Read more: Washington Post If consumers are selling a gift card, never send the buyer the gift card number and PIN to verify the balance. Once someone has the gift card number and PIN, he can spend money online without ever paying for it. If you are doing the selling, accept cash only -- a check or money order could be fraudulent. And, never give out personally identifiable information such as your Social Security number, bank account information and credit card numbers. Bottom line, if an online offer sounds too good to be true - it probably is.


NYC, Style and a little Cannoli said...

I don't like giving them at holidays but sometimes they work if you really don't know what to buy someone. I like the idea of reselling them to someone who actually will use them...nice idea and interesting post!

Couture Carrie said...

Great info., darling ~ thanks!


K said...

I still have Taco Time and DSW cards to use. Gotta get those crispy beef burritos pronto!

Soho500 said...

Just be careful Cannoli when you do sell them!
Don't let them expire