How long is a gift card valid for?
In most cases, gift vouchers expire 12 or 24 months from the date of purchase. However, this date is rarely printed on the card itself, meaning that the recipient is often in the dark about when the card becomes useless.
How do you know when a gift card is expired?
Check the back of the gift card and look for an expiration date. Some gift cards display the expiration date on the back along with other information such as the customer service number, website and the activation requirements.
Can I use expired gift card?
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).
What happens if my gift card expires?
If your prepaid card expires while you still have money on it, you may be able to request a replacement card to access the funds. You may also try to close out your account by requesting that your balance be mailed to you in the form of a check. The provider might charge you a fee for this.
When did gift cards stop expiring?
Thanks to the federal Credit CARD Act of 2009, gift certificates and store gift cards can’t expire for five years. However, issuers can still charge an “inactivity fee” if the card has not been used within twelve months.
How long do M and S gift cards last?
Gift cards are valid for 24 months from activation or the last transaction (transactions include balance enquiries), whichever is later. Any remaining balance will be cancelled on expiry of the validity period.
Why do some gift cards expire?
Typically, a gift card retains its full value for a year or two. After that, a “service charge” or “maintenance fee” kicks in. Each month, the card loses a few dollars or a few percent of its value, until it becomes worthless.