Monday, December 18, 2017

If Buying Gift Cards, Read the Fine Print

New York State officials are urging consumers to read the fine print on gift cards this holiday season for details about fees and expiration dates.

The cards may have terms and conditions that can decrease their value. These may include charging:

• Service fees when the card is purchased;
• Dormancy fees if the gift card is not used within a certain period of time;
• Fees to call and check the balance remaining on the card; and
• Replacement fees for lost or stolen gift cards.
For more on how to protect gift card recipients click here.