Holiday Shopping: Is That Gift Card a Good Idea?
The Better Business Bureau is warning that some gift cards may not be such a good, quick idea after all.
The holiday season is here, and Christmas is a week away. And, if you still have shopping to do, a gift card may just end up being what you buy someone. However, some of those cards are actually more trouble than they're worth -- literally. The Better Business Bureau is advising consumers of what they should know before purchasing that all-too-convenient gift card. Gift Card Tips The Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which took effect in 2010, established standards that give consumers additional protections when using gift cards. The standards prohibit retailers from setting expiration dates less than five years after the card is purchased and charging dormancy, inactivity, and service fees unless the …
