Colorado : No fees.
California Business and Professions Code Section 17538.9 permits certain fees and practices with respect to prepaid calling cards.
These cards will likely carry the logo of the issuing bank or a payment card network (e.g., visa or MasterCard).
7, also, the rules described in this Legal Guide do not apply to prepaid calling cards issued solely to provide an access number and authorization code for prepaid calling services.For cards that were sold before December 1, 2012, no dormancy fees until after at least two years of inactivity.As indicated above, while most gift cards and gift certificates may not charge fees or impose expiration dates, there are some common exceptions to remember.New Mexico : No expiration for five years and no expiration unless proper notice given.If you have a store-issued gift card, you have card Act protections but you may have additional gift card protections under state law.Knowing your rights and being mindful of the fine print can help prevent your gift card or gift certificate from expiring or having its balance consumed by fees."Kay" was looking for a birthday present for a friend and decided to purchase a gift certificate for a local salon.For an overview and comparison of federal and California gift card law, please see.2California Civil Code Sections 1749.45-1749.6.
A gift cardholder has the option to redeem the card for cash when the face value of the card has declined to an amount less than 5 and the card has been used for at least one purchase.
22California Civil Code section 1749.5(b).
Printer Friendly Version, fAQs and Tips on Gift Certificates and Gift Cards.However, this general rule is subject to the following exceptions: A gift card that can be used with multiple unaffiliated sellers of goods or services may contain an expiration date.Where can the card be used?Tips FOR purchasers OF bath and body works canada freebies coupons gift certificates OR gift cards Ask about the seller's redemption policy.Consumer may redeem unused portion after expiration date if requested.Use any remaining value on a gift certificate or gift card.Minnesota : No expiration dates.A gift certificate or gift card cannot contain a service fee, including a fee for dormancy (non-use).Federal law prohibits gift cards and gift certificates from containing expiration dates that are less than five years after the date on which the card or certificate was issued, or the date that funds were last loaded onto the gift card (whichever is later).