popularearthdogmonster posted Yesterday 05:09 AM
Item 1 of 2
Item 1 of 2
popularearthdogmonster posted Yesterday 05:09 AM
Dollar General in-store only - 2/1-2/7 - 10% off Gift Cards to Gamestop, Hulu, PetSmart, Cabelas, Fandango, Cinemark, Regal, Vudu, Ulta, and Wendys
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Under a federal law that went into effect in 2010, a gift card can't expire for five years from the time it was purchased or from the last time someone added money to it. Some state laws require an even longer period. In New York, for instance, any gift card purchased after Dec. 10, 2022, can't expire for nine years.
Differing state laws are one reason many stores have stopped using expiration dates altogether, says Ted Rossman, a senior industry analyst at Bankrate.
Beware inactivity fees
While it may take gift cards years to expire, experts say it's still wise to spend them quickly. Some cards — especially generic cash cards from Visa or MasterCard — will start accruing inactivity fees if they're not used for a year, which eats away at their value. Inflation also makes cards less valuable over time. And if a retail store closes or goes bankrupt, a gift card could be worthless.
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