4 ms·
Many companies will deduct money from gift cards at regular intervals if they aren't used for some arbitrary period, so it can be worse than 0 interest even if
by yummypaint 6y ago
Many companies will deduct money from gift cards at regular intervals if they aren't used for some arbitrary period, so it can be worse than 0 interest even if the card is used by the recipient.
- shmoogy 6y agoI think this is illegal in (some states) so it's happening less and less.
- atlasunshrugged 6y agoI don't think they're allowed to do that anymore, see this article https://www.thebalance.com/new-gift-card-rules-for-expiration-and-service-fees-960186 https://www.thebalance.com/new-gift-card-rules-for-expiratio...
- boomboomsubban 6y agoThat article says they're allowed to charge an inactivity fee monthly after a year of no use.
- technothrasher 6y agoThat's federal rules. Many states, Massachusetts for example, do not allow inactivity fees.