Texas Gift Card Expiration Law

Facebook Share Twitter Share LinkedIn Share Pinterest Share Reddit Share E-Mail Share

Unlike Texas law, federal law does contain restrictions on expiration dates. 15 USC 1693l-1(c) states that “[A] gift certificate, store gift card, or general-use prepaid card may contain an expiration date if … the expiration date is not earlier than 5 years after the date on which the gift certificate was issued, or the date on which card funds were last loaded to a …

Preview

Posted in: Gift card expiration rulesShow details

Effective September 1, 2015, if a gift card is redeemed in person to make a purchase, and the card’s balance is less than $2.50 following the purchase, at the consumer’s request, the retailer must refund the balance of the card to the consumer in cash.

1. Estimated Reading Time: 2 mins

Preview

Posted in: Gift card expiration date lawShow details

Gift Card Laws Texas Hotel & Lodging Association. Law Details: Texas and the federal government have several laws on point with regard to gift cards issued both in paper form and via electronic gift cards.Expiration Paper gift certificates (i.e. not an electronic gift certificate) can expire on a set date after purchase, but … gift card restrictions

Preview

Posted in: Gift certificate rulesShow details

New Law Allows Texans to Cash In on Low-Value Gift Cards Starting Sept. 1 A new law that goes into effect Sept. 1 will allow Texans to receive a …

Preview

Posted in: Texas gift card expiration lawShow details

The Texas Legislature passed certain restrictions regarding expiration dates on gift cards which went into law in 2005, but has provided little restrictions or …

Preview

Posted in: Law CommonsShow details

Gift cards may not expire before five years after the date they were purchased. Similarly, a reloadable gift card’s funds are valid for five years from the date it was reloaded.

Preview

Posted in: Law CommonsShow details

Escheat laws vary by state, but generally state law requires that issuers remit underlying funds to the state within three or four years after the purchase of a gift card. In Texas, if the existence and location of the owner is unknown, a stored value card is presumed abandoned to the extent of the unredeemed value of the card on the earlier of the card's …

Preview

Posted in: Law CommonsShow details

Gift cards cannot expire before five years from date of purchase; Reloadable gift card funds are valid for five years from the date of the most recent reload; All gift cards must disclose fees upon either the card itself or associated packaging; In states that allow post-sale fees, these fees cannot be imposed until one year of inactivity

Preview

Posted in: Law CommonsShow details

Gift card expiry. If you supply gift cards on or after 1 November 2019, the cards must be redeemable for at least three years after the date of purchase. This requirement does not apply to gift cards that are: able to be reloaded or topped up; donated for promotional purposes (e.g. a business handing out $15 vouchers to passers-by for its grand opening)

Preview

Posted in: Business LawShow details

Buying gift cards. You should understand your rights as well as the terms and conditions when you buy or use a gift card for a good or service. Gift cards sold in Australia have a minimum 3-year expiry period, and the expiry date must be clearly displayed on the card or voucher. Exceptions to these rules include cards or vouchers that are:

Preview

Posted in: Law CommonsShow details

Effective September 1, 2015, retailers in Texas will be required to provide, at customer request, a cash redemption on gift cards that have a value of …

Preview

Posted in: Law CommonsShow details

Escheat laws vary by state, but generally state law requires that issuers remit underlying funds to the state within three or four years after the purchase of …

Preview

Posted in: Law CommonsShow details

A person may sell a gift card that has an expiration date if: (1) The gift card bears, in at least 10-point type, the words 'EXPIRES ON' or 'EXPIRATION DATE' followed by the date on which the card expires; (2) The person sells the gift card at a cost below the face value of the card; and (3) The gift card does not expire until at least 30 days after the date of sale.

Preview

Posted in: Law CommonsShow details

Unlike Texas law, federal law does contain restrictions on expiration dates. 15 USC 1693l-1(c) states that “[A] gift certificate, store gift card, or general-use prepaid card may contain an expiration date if … the expiration date is not earlier than 5 years after the date on which the gift certificate was issued, or the date on which card funds were last loaded to a …

Preview

Posted in: Law CommonsShow details

California Civil Code Section 1749.5 contains the bulk of the law regarding gift certificates and gift cards. Section 1749.5 makes it illegal to sell a gift certificate that contains an expiration date. Likewise, it provides a prohibition against service fees, including any fee for dormancy (unless it has been dormant for more than 24 months

Preview

Posted in: Civil LawShow details

Thanks to the federal Credit CARD Act of 2009, gift certificates and store gift cards can't expire for five years. However, issuers can still charge an "inactivity fee" if the card has not been used within twelve months. (15 U.S.C. § 1693l–1). State Laws Again, some states have passed laws that regulate gift certificates and gift cards.

Preview

Posted in: Law CommonsShow details

Gift cards can have an expiration date, but it can’t be sooner than 5 years. Inactivity fees and other service charges can only be applied to cards older than 1 year. The law covers gift certificates, store gift cards, and general-use prepaid cards. The card we received (in the story above) was obviously given out prior to this coming into effect.

Preview

Posted in: Law CommonsShow details

Please leave your comments here:

Related Topics

New Popular Law

Frequently Asked Questions

Do gift cards expire in texas?

Texas and the federal government have several laws on point with regard to gift cards issued both in paper form and via electronic gift cards. Paper gift certificates (i.e. not an electronic gift certificate) can expire on a set date after purchase, but the seller of the gift certificate must:

How long is a gift card good for?

Gift Cards Expiration Laws – A State By State Review. Gift cards may not expire before five years after the date they were purchased. Similarly, a reloadable gift card’s funds are valid for five years from the date it was reloaded. Federal law also stipulates that fees must be disclosed either on the card itself or associated packaging,...

Are gift certificates and gift cards legal?

Again, some states have passed laws that regulate gift certificates and gift cards. In California, for example, it's against the law for store gift certificates and gift cards to have an expiration date or dormancy fees (except under certain circumstances), and if the balance on the card is less than $10, you can redeem it for cash.

Is it illegal to charge for expired gift cards?

They must also clearly display the expiry date on the actual card or voucher. It will also be illegal for traders to charge post-purchase fees or administration charges that will reduce the value of your gift card, such as activation, account-keeping and balance enquiry fees.

Most Popular Search