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Cash Out Gift Cards Law

1723 relates to the redemption of certain stored value cards including gift cards for cash. Maine state gift card law.

How To Sell An Unwanted Gift Card

Expiration dates service fees and dormancy fees are prohibited by law for single store cards with limited exceptions.

Cash out gift cards law. In maine gift and reward cards with a cash value of less than 5 may be redeemed for cash upon request. As it turns out it might not be all bad though. Can i get cash off my visa gift card.

If you live in california or a few other considerate states it may be possible to get a cash refund for all of your gift cards with low balances. It does not apply if the card can be used anywhere such as an american express mastercard or visa gift card. 398 this bill modifies provisions in the utah consumer sales practices act related to gift certificates.

Which stores are following the gift card law. This rule does not apply to cards with an initial value of 5 or less prepaid phone cards promotional cards bank issued gift cards cards issued for merchandise credit paper gift certificates. A news reporter recently asked me about the law after a movie goer complained the theater refused to allow her to receive the remaining money on a gift card.

Getting cash back for gift cards in california. The answer is no and even if there is a card issuer currently allowing it ive seen reports online that suggest some issuers are out of compliance the loophole will likely close soon or the gift card may actually be a prepaid card instead. The less strict federal rules do apply to those cards however.

But an undercover call kurtis producer found its not always easy to get cash back even after mentioning the law. The traditional single business gift card for merchandise or services has the best consumer protection. How i accidentally discovered a way to cash out a store gift card.

18 however californias legislative counsel has concluded that a seller is not required to redeem a gift certificate in cash when requested by. Not sure which state the writer is based out of but in california if the gift card is less than 10 you can cash it out. Adopts a new law in order to regulate the sale and use of gift cards which will be known as the law of gift cards.

The theater employee said there was just no possible way. Carrying your gift cards around is like carrying cash if they are lost or stolen the balance is usually just gone. As a result these types of gift cards may not be your best bet.

In california customers have the right to a cash refund on gift cards and gift certificates as long as the remaining balance is less than 10. Its also worth noting that washingtons gift card law allows you to cash out when the balance drops to 5 or less. The gift certificate law states that a seller must either redeem a gift certificate or gift card sold after january 1 1997 for its cash value or replace it with a new certificate or card at no cost.

Out of all the 50 states california has the best policy regarding gift card cash outs.

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