Do Gift Cards Expire?

You gave them as presents for your kids on Christmas and you got them for your hard work at your job. Can you leave it in your wallet and forget it? Not so fast…

Do Gift Cards Expire?

According to the FTC, gift cards cannot expire within 5 years of purchase or from the last date money was added to the account.

That being said, you should be aware that there are some gift cards that have fees for inactivity. They can only be charged if the card wasn’t used for over a year. In addition, the charge can only be incurred on a monthly basis.

This wasn’t always the case…

The CARD Act of 2009

The Credit Card Accountability Responsibility and Disclosure (CARD) Act was enacted to protect consumers.  In Congress’ words: “…to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes.”

This statute also had a few clauses of when gift cards can expire and when they can charge inactivity fees. Thanks Obama!

Do CardCash gift cards expire and have fees?

Expire: CardCash gift cards are regular gift cards that are secondhand, therefore they don’t expire. There is a slightly higher risk when buying anything from a secondary marketplace, and we are no exception.

Although CardCash gift cards do not expire, there is a small risk that the balance can be lost. CardCash offers a 45 day protection guarantee. We strongly encourage our customers to enjoy their discounted gift card as soon as they can. CardCash wants you to be protected and to have a smooth experience. As always if there are any issues, contact our claims department at [email protected]

Fees: CardCash doesn’t buy gift cards that have any user fees or inactivity charges.
 

Rachel is a marketing genius and a gift card fanatic. She is known throughout CardCash for her fantastic homemade chocolate chip cookies and also secretly loves deep sea fishing.

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