The Better Business Bureau is warning that some gift cards may not be such a good, quick idea after all.
Saturday, December 22, 2012
Christmas is just a few days away. If you still have shopping to do, a gift card may just end up being what you buy someone. However, some of those cards are actually more trouble than they're worth -- literally. The Better Business Bureau is advising consumers of what they should know before purchasing that all-too-convenient gift card. Gift Card Tips The Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which took effect in 2010, established standards that give consumers additional protections when using gift cards. The standards prohibit retailers from setting expiration dates less than five years after the card is purchased and charging dormancy, inactivity, and service fees unless the card has not been used for at …
This list of retailers that will offer discounted gift cards will save you money on your shopping for the holidays and for your own family expenses.
Gift cards are always welcome gifts during the holidays. But, there is no rule that says that if you buy a gift card, you have to give it away. When retailers offer deals like these, it is often smart for people to buy them for themselves to use through out the year as well. This will not only save you money, but will give you the feeling that you are getting a free meal or shopping trip in future months since they are already paid for. Just a word of warning: Watch out for expiration dates on these gift cards. Some stores and restaurants in particular have had expiration dates one year after purchase, so you'd want to make sure the gift card has no more money on it than you-or the person to whom you give the card-would spend in that time…