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yummypaint
on July 6, 2020
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My dad got scammed for $3k worth of gift cards
Many companies will deduct money from gift cards at regular intervals if they aren't used for some arbitrary period, so it can be worse than 0 interest even if the card is used by the recipient.
shmoogy
on July 6, 2020
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I think this is illegal in (some states) so it's happening less and less.
atlasunshrugged
on July 6, 2020
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parent
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I don't think they're allowed to do that anymore, see this article
https://www.thebalance.com/new-gift-card-rules-for-expiratio...
boomboomsubban
on July 6, 2020
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root
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That article says they're allowed to charge an inactivity fee monthly after a year of no use.
technothrasher
on July 6, 2020
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root
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That's federal rules. Many states, Massachusetts for example, do not allow inactivity fees.
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