Find Amazon discounts and offer codes with The Sun Vouchers. Jump directly to the content. Sign in. All Football. And if Target gift cards or Starbucks cards are more your jam, you can earn them free on InboxDollars for completing online brand loyalty activities like answering surveys, doing daily trivia, reading PaidEmails, watching short video clips, and much more. Some offers may credit immediately, while others may take up to 30 days to credit. Members should read and comply with all requirements of an offer to ensure timely credit.
In the past, digital gift cards often had to be printed physically to be used in stores, However, today, almost all digital gift cards support QR codes and digital wallet apps like Google Pay and Apple Pay, making them much easier to use and redeem. Digital gift cards are here to stay. Both Amazon and Starbucks have lead the way, however, other retailers are discovering the benefits and developing creative new ways to use gift cards. The law provides that gift cards cannot expire within 5 years from the date they are activated and generally limits inactivity fee on gift cards except in specific circumstances, such as if there has been no transaction for at least 12 months.
The federal law creates a floor for regulation and leaves room for state regulation on redeeming gift cards for cash and unclaimed property provisions. Gift Cards are a common gift these days. However, when you give or receive a gift card, you do want the balance to disappear because the issuer is deducting fees from the balance. Previously, gift card recipients had the painful experience of having their gift card balances slowly drained even though the cards had been in their wallets ready for use.
In some cases, the gift cards might be canceled. Fortunately, the Federal Reserve enacted rules to prevent this deception from continuing.
The Credit CARD Act of , in part, required the Federal Reserve to come up with rules for gift cards to keep consumers safe and from losing their gift card balance. After they received feedback from the public they issue the following rules:. It does not include reloadable phone cards, cards given instead of an admission ticket, business gift cards, or gift cards purchased for business use.
The easiest way to keep your gift card funds is to use your gift card, at least once a year is ideal. Make sure you confirm the balance before selling your gift card. The Federal Reserve says that some states already have rules that limit fees on gift cards and restrictions on gift card expiry. However, most of these laws only allow to store-branded gift cards and not those bank gift cards like those from American Express and Visa.
The state law is effective when it provides greater protection than the Federal law. As you are aware, gift cards are a popular and convenient way to give someone a gift, especially when you know know what they want. Gift cards are also a popular method for scammers to steal money from people. This is because gift cards are like cash: if you buy a gift card and someone uses it, you probably cannot get your money back. Gift cards are for gifts, not payments. Anyone who demands payment by gift card is always a scammer.
Thank you to ftc. Many different kinds of imposters ask you to pay with gift cards. Someone might call you and claim to be from the IRS, collecting back taxes or fines. But they all have in common an urgent need for you to send money right away. Imposters will sometimes ask you to wire money to them but, increasingly, they tell you to go put money on a gift card. They may even have you buy several cards at several stores.
Sometimes, the caller will stay on the phone with you while you go to the store. Once you buy the card, the caller then will demand the gift card number and PIN on the back of the card. Those numbers let them immediately get the money you loaded onto the card. Other kinds of scammers, some of them also imposters, who might demand payment by gift card include:.
These are all scams. Every time. If you paid a scammer with a gift card, tell the company that issued the card right away. When you contact the company, tell them the gift card was used in a scam. Ask them if they can refund your money. If you act quickly enough, the company might be able to get your money back. Also, tell the store where you bought the gift card as soon as possible.
Here is a list of cards that scammers often use — with information to help report a scam. The FTC will update this list as new information becomes available. Anyone who tells you to pay with a gift card is a scammer.
Report gift cards used in a scam to the companies that issued the gift cards. Then, report it to the FTC at ftc. SharePlay Video. Search online for how to reach that card issuer. Is there no contact information available? Because shopping on Amazon is full of endless possibilities, and the fact that the site offers free, two day-shipping for Prime members , you really can't go wrong with an Amazon gift card.
If you're thinking of snagging one, know that the best way to shop Amazon gift cards is online, especially since you'll have the option to either mail it , print it or give it as an e-card. Plus, Amazon offers cute ways to package the cards, like in a holiday-themed tin.
If you want, you can also shop classic Amazon gift cards in-store.
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