Gift Cards

By | Nov 17, 2007

1) It is estimate that as much as $ 25 million will be given through gift cards this holiday season. In 2006 $ 18 Million was spent.

2) When buying a Gift Card it is best to buy from a known and trusted source. Some online auction sites may have cards that are counterfeit or have been obtained illegally.

3) Inspect the card before purchase. Make certain that any protective stickers or scratched off areas are intact.

4) Ask about any fees and whether it has an expiration date. Fees could be any thing from a small purchase/activation fee for the buyer to monthly service fees for the user. Understand any term and conditions that the card may have.

5) When giving the card you will also want to give to them any information as it relates to Terms and Conditions and fees. One type of condition could have it that certain things can not be purchased with the card.

6) When you receive the card, treat it as if it’s cash.

Information about Gift Cards can be found at the Federal Trade Commission website: http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt010.pdf


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