• Latest
  • Trending
  • All
​​Gift Card Laws and Policies: Few Things To Note About Them

​​Gift Card Laws and Policies: Few Things To Note About Them

Ondo Deputy Speaker and Majority Leader resign

Ondo Deputy Speaker and Majority Leader resign

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

Nigerian Government Announces Public Holidays for Sallah Celebrations

Nigerian Government Announces Public Holidays for Sallah Celebrations

The progress of Kano state is non – negotiable – Engr. Yusuf

Kano Declares 12-day Sallah Holiday for Schools

Kwara mobile court convicts 135 sanitation violators |

Kwara Law Students Appeal for Immediate Release of Law School Scholarship Funds

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

JUST IN: Wike seals PDP National Secretariat in Abuja

JUST IN: Wike seals PDP National Secretariat in Abuja

JAMB Announces Date to release UTME Result for resit Candidates

99% Scores Below 200 in Resit UTME – JAMB

  • About Us
  • Advertise with Us
  • Editorial Policy
Saturday, June 7, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home GPS Gadget law Articles

​​Gift Card Laws and Policies: Few Things To Note About Them

by iDeemlawful
June 30, 2022
A A
​​Gift Card Laws and Policies: Few Things To Note About Them
FacebookTwitterWhatsapp

Gift cards, as the name indicates are preloaded monetary gift alternatives that allow the buyer or gift recipient to purchase goods and services at retail stores and other places. Gift cards are divided into two categories: “Retail” or “closed-loop” gift cards and “Bank” or “network” gift cards.

Retail gift cards are issued by a specific retailer or brand and can only be used at that retailer’s store, such as Walmart, Best Buy, or Amazon. Visa, Mastercard and American Express bank cards, for example, can be used anywhere acceptable. Gift cards can be purchased online or in person, with the buyer setting the beginning value.

Laws Regarding Gift Cards

There was a time, consumers used to dislike gift cards because of the confusion around hidden charges, expiration dates, stringent use conditions, and other restrictions associated with the use of the cards. Gift card regulations were primarily left to the discretion of the store or bank issuer, who frequently acted without regard for defined norms or regulations.

RelatedPosts

Trump 2.0: everything, everywhere, all at once

THE DOCTRINE OF SEPARABILITY IN ARBITRATION

Sexually transmitted Diseases and the Law: Can victims in Nigeria seek Justice? by Lanase Usman

MEDIATOR ACTING AS ARBITRATOR: UNDERSTANDING SECTION 79 OF THE ARBITRATION AND MEDIATION ACT, 2023

New laws governing gift card dormancy, inactivity, services fees, and expiration dates were enacted as recently as 2010 under the Credit Card Accountability Responsibility and Disclosure Act. In essence, gift card issuers are prohibited from charging inactivity costs, such as maintenance fees, balance enquiry fees, and transaction-based fees, until one year has gone since the card was last used. Gift certificates must also be valid for five years from the date of issuing.

What to Look for in the Small Print

Despite the fact that new rules have made gift card policies more transparent, buyers should still read the “small print.” While rules limit the amount of time that shops and merchants can charge fees, it’s crucial to understand what happens once that time has passed.

Here are a few things to check for when purchasing or utilising a gift card.

  • Dates of expiration: These dates are subject to change. For further information, contact the business or the bank.
  • Preventing Loss and Fraud Check with the retailer or your bank to see what will happen if your card is lost or used fraudulently. In certain cases, such as if the card has never been used and the initial balance is still intact, many retailers may offer gift card replacement.
  • PINs (Personal Identification Numbers): Activation PIN codes are required for some bank-issued gift cards. Check with the bank to see what policies they have in place.
  • Dormancy fees are imposed after a period of inactivity. It’s best to sell your gift cards for cash if you receive gift cards that you do not need from friends or loved ones, instead of letting them go dormant or expire. Do this on a reliable platform like Cardnosh. So when you get a Steam card and you’re not a game freak, this is best for you.
  • Reloading cash on a gift card: Some retailers allow gift cardholders to reload funds on their cards for future purchases.
  • E-gift card: An “e-card” is a type of gift card that is delivered to the recipient’s e-mail inbox and can be used in the same way as a physical gift card.
  • Checking the balance of a gift card online is possible in some cases.
  • Option for free shipment and delivery: Shipping and/or delivery charges are common with online transactions. You can check to see if the store offers free shipping with your specific card.
  • Restrictions on use, such as “domestic use only,” limit the card’s use, for instance, to the United States.
  • Conclusively, speak with an experienced consumer protection lawyer in your area if you believe you’ve been the victim of unfair and deceptive company practices concerning gift cards, or if you have any other consumer-related issues.
  • Conclusively, speak with an experienced consumer protection lawyer in your area if you believe you’ve been the victim of unfair and deceptive company practices concerning gift cards, or if you have any other consumer-related issues.
Tags: Gift Card LawsGPS Gadget
Previous Post

Court Fixes New Date For Ekweremadu, Wife’s Case, Remand Them In Custody

Next Post

MALCOM OMIRHOBO “UNPROFESSIONAL” DRESSING SAGA: WHAT THE COURT MAY PROBABLY DO

iDeemlawful

iDeemlawful

Related Posts

Essentiality or Otherwise of the Defendant’s Presence in a Criminal Litigation: A Constitutional Right of Fair Hearing —Composed By Adeshina Umarfaruq Olaitan
law Articles

Essentiality or Otherwise of the Defendant’s Presence in a Criminal Litigation: A Constitutional Right of Fair Hearing —Composed By Adeshina Umarfaruq Olaitan

THE DOCTRINE OF SEPARABILITY IN ARBITRATION
Commentary

THE DOCTRINE OF SEPARABILITY IN ARBITRATION

Commentary

Sexually transmitted Diseases and the Law: Can victims in Nigeria seek Justice? by Lanase Usman

Illustration of mediator and arbitrator
Commentary

MEDIATOR ACTING AS ARBITRATOR: UNDERSTANDING SECTION 79 OF THE ARBITRATION AND MEDIATION ACT, 2023

Lagos govt mandates permits for amplified sound in nightclubs, worship centres
law Articles

Lagos govt mandates permits for amplified sound in nightclubs, worship centres

Shariah law —– a foreign law in a foreign land
Commentary

Shariah law —– a foreign law in a foreign land

DOES ISLAMIC LAW OF CONTRACT RECOGNIZED ELECTRONIC AGENCY?
Commentary

DOES ISLAMIC LAW OF CONTRACT RECOGNIZED ELECTRONIC AGENCY?

Economic Stabilization Bills: A Step Towards Economic Recovery with Challenges Ahead
Commentary

Economic Stabilization Bills: A Step Towards Economic Recovery with Challenges Ahead

Rising Tide of ACL Injuries in Football: Analyzing the impact of excessive match fixtures and competitions – BY SULEIMAN ABDULTAWAB
Commentary

Reforming FIFA’s Transfer Rules: The Lassana Diarra Trial, Legal Implications, and Future Prospects

#EndBadGovernance: Outrage as Police arraign 32 ‘hungry’ Children for Treason, four Collapse in Court
Commentary

EXPLAINER: Prosecution of Underage Children Under Nigerian Law?

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In