Gift Card Scam!
Gift Card Scam!
They list gift cards with a one-year expiration. Federal and state laws are not followed here, and they claim that they do not have to follow any laws as they are a private business.
My family bought a $135 card that they refuse to refund, honor, or exchange.
Federal Law
Section 1693l-1, Title 15 of the U.S. Code regulates gift cards. These laws were passed as part of the 2009 Credit Card Accountability Responsibility and Disclosure (Credit CARD) Act. Under this Act, gift certificates, store gift cards, and bank gift cards can't expire for five years. The expiration date must also be clearly stated on the card.
This law also places limitations on fees. For example, the card issuer cannot charge a dormancy or inactivity fee unless there has been no activity for one year. The fee policy must also be clearly stated.
There is a Federal floor for gift cards. The floor is five years, and after five years in Texas, you can say the certificate is expired. This gift certificate is less than two years old.