Gift Cards

December 5, 2009

Effective August 22, 2010, The Credit Card Accountability Responsibility and Disclosure Act (also known as “The Card Act”) will regulate gift cards, The Act will require that cards do not expire for five years after issuance, and the expiration date must be disclosed upfront.  That Card Act also bans dormancy or inactivity fees on gift cards unless there has been no activity in a 12-month period.

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