Tangled loves her some Lifehacker!
And Tanlged is soooo in Holiday Mode!
I'm constantly thinking about gifts and love around this time of year, so when I came across this article by Kevin, I knew I wanted to pass it on!
And send me one of those gift cards...
Hone Up on Gift Card Tricks and Traps for the Holidays
Photo by robinsonsmay.
Seemingly simple gift cards often have a lot of rules and stipulations attached, some of which reduce the value of the card and restrict when and on what the balance can be used. Consumer Reports' Shopping & Money blog points out two catches worth noting this year:
The post also reminds gift card holders to never give up—some stores will take an "expired" card as a gesture of good will toward shoppers.
- When buying a gift card from an individual merchant, be sure to ask if the card is valid for online use. While it's not an issue for most retailers, some companies such as CVS,
T.J. Maxx, and Marshall's do not allow their gift cards to be used online, Bankrate says.
- The federal Credit CARD Act pertaining to gift cards takes effect on Feb. 22, and the regulations require that the cards remain valid for at least 5 years, unless that information is clearly disclosed on the card. Dormancy, or inactivity, fees will still be allowed after 12 consecutive months of inactivity.
What gift cards will you absolutely avoid at all costs this year? Which cards aren't all that painful to give or receive? Gather 'round the hearth in the comments.
Send an email to Kevin Purdy, the author of this post, at firstname.lastname@example.org.