GIFT CARDS NEED LEGAL PROTECTIONS FOR CONSUMER’S CASH MONEY: YOU MUST SPEAK OUT NOW

Ever get a gift card that lost its value? One day, it promised you $50 or $100, then when you went to use it, the card had been drained.

Maybe there were unexpected fees. Some cards charge you if you don’t use them in a certain period. Others expire.

Maybe the store went belly up. Your cash money went to pay their creditors and you got nothing.

Maybe the bank that issued the card simply decided to keep your cash money from you so they could use it as an interest free loan for themselves

If the card was a “rewards” card purchased with credit card, airline, or other “points” — well then, all bets are off. The card could have been loaded with fees and expire at any time.

WHAT IS YOUR GIFT CARD STORY?

MONEY DOESN’T EXPIRE

AND NEITHER SHOULD GIFT CARDS

This holiday season, lawmakers are working on a bill to eliminate fees and expiration dates. Money doesn’t expire. Neither should money stored on a gift card.

The bill would also require companies to treat cards purchased with rewards points the same as cards purchased with cash.

But this bill isn’t a slam dunk. Retailers and banks benefit when you give them cash but then they don’t have to honor that cash amount in goods or services. To pass this bill, in the face of opposition from industry, lawmakers need the stories of real people.

SHARE YOUR STORY WITH LAWMAKERS

AND THE NEWS MEDIA OUTLETS

YOU AREN”T THE ONLY PERSON

WHO WAS SCAMMED:

ALL OF US NEED TO SPEAK OUT TOGETHER TO GET

THE CONSUMER PROTECTIONS WE NEED IN PLACE

Share your story, or forward this information to a friend, co-worker or family member who may have gotten less than their money’s worth from a gift card.

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