Massachusetts gift card laws

Do gift cards expire in Massachusetts?

Expiration Dates Federal law requires that a gift card cannot expire within five years from the date of purchase, while Massachusetts state law requires a gift card to last for a minimum of seven years from the date of purchase.

Can a store refuse a gift card?

A merchant cannot legally refuse to allow a customer to use a two-year-old card unless it is invalid for some other reason.

Can gift certificates legally expire?

Federal law prohibits gift cards and gift certificates from containing expiration dates that are less than five years after the date on which the card or certificate was issued, or the date that funds were last loaded onto the gift card (whichever is later).

Can gift cards expire in Wisconsin?

Although Wisconsin does not regulate the sale of gift cards , federal law requires disclosure of all fees at the time of purchase. Under the 2009 Credit Card Act, most gift cards sold after August 22, 2010 cannot expire until at least five years from the purchasing date.

What happens to gift cards if a business closes?

If the company has gone out of business , do this: You may be able to redeem the card’s value for a new gift card at a different store. Contact your credit card company . If you paid for a gift card with a credit card , consumer protection laws may qualify you for a full refund.

Are inactivity fees on gift cards legal?

The law provides that gift cards cannot expire within five years from the date they were activated and generally limits inactivity fee on gift cards except in certain circumstances, such as if there has been no transaction for at least 12 months.

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Can gift cards be traced?

The gift card usually can ‘t be traced , and the merchant gets a chargeback from the holder of the stolen credit card . Taking over an account and buying gift cards : With someone’s bank or online shopping account credentials, criminals can buy lots of gift cards and spend them or cash them out before they’re caught.

Where are gift cards redeemable for cash?

Some states with gift card laws include California , Colorado , Maine , and New Jersey . Each state requires card balances be less than a certain amount before cash redemption is mandated. The threshold is usually around $5 to $10.

Can gift cards be used online?

The Visa Gift card carries the Visa logo like any other Visa card , so it can be used at the millions of places that accept Visa cards , including online . As with a credit card , when you are ready to pay, simply hand the card to the merchant and sign the purchase receipt.

Is it illegal to sell gift cards?

In the United States, the legal definition of “ gift card ,” as well as how they may be sold and redeemed, depends on where you live. In some states, gift card issuers are legally obligated to exchange a card with a low balance (usually less than five dollars) for cash, but in most, they are not.

Can gift cards be refunded?

Return the Gift Card to the Issuing Retailer The retailer may exchange the card for cash, but at a discounted rate. For example, the issuer may refund 90% or less of the face value of the card . The issuer they refuse to accept a return of the gift card unless you have the purchase receipt.

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Is it illegal to not honor a gift certificate?

Federal Gift Card Law Thanks to the federal Credit CARD Act of 2009, gift certificates and store gift cards can’t expire for five years. However, issuers can still charge an “inactivity fee” if the card has not been used within twelve months. (15 U.S.C. § 1693l–1).

Do Kwik Trip gift cards expire?

In addition, Kwik Trip has never issued gift cards with expiration dates. However, Kwik Trip has charged an inactivity fee for accounts that have been inactive for more than a year. The fee to reactivate the card , while rarely assessed, has been $2, according to McHugh. “A lot of competitor cards do have those fees.

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