05 December 2011
Whether its for $5 or $500, gift cards make great little stocking stuffers and are the perfect gift for those hard to buy folks. In British Columbia, since 2008, gift cards for a monetary value are not allowed to have an expiry date. There are exceptions for when a gift card can have an expiry date however, such as for a specific good like a hair cut or for a mall card, where the card is good at more than one store. If you are planning on giving a gift card this year, keep reading to see more information and tips we have about gift cards!
Some gift cards do not fall under the provincial gift card laws. This includes cash cards from major credit companies such as VISA, Mastercard and American express which have expiry dates even though they are for a monetary value. If you are giving a credit card gift card this year, remind your gift recipient that these types of gift cards can expire and will likely have fees.
Many people are now selling gift cards on sites such as Craigslist at a discounted price. Although these deals sound awesome, always remember that if it sounds too good to be true it often is. An honest seller will likely go the extra mile to make sure you feel confident that you are purchasing a legitimate card. One way to check that the card is legitimate is by meeting the seller at the location where the card can be used. This way you can have a cashier check the value of the card and it’s authenticity before handing over your cash. Always use caution when making these types of transactions.
Published in Other Business.