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Nancy Young[_2_]

wrote:
> Ed Pawlowski > wrote:
>
>> ...
>>> "Nancy Young" > wrote in message
>
>>>> That's why stores love them, it's free money. Better yet if
>
> Uh, actually, extant gift cards and certificates are carried
> on the books as liabilities. It is a debt for accounting
> purposes. A bankruptcy could erase those of course.

Call it what you want, they have the money and you don't.

>>>> they can chip away at the amount with fees, it's all good.
>>>> Unless you're the one just carrying around the card and not
>>>> using it.
>
> But very few do that. One should read the fine print on things
> like gift cards and be aware of any fees or expirations.

Of course, but it seems plenty of people don't. I just saw a
mall gift card ad, you read the fine print it says they take $1.50
right off the top.

> I got a Barne's & Noble gift card for Father's Day a few years ago.
> I misplaced it for about 18 months or 2 years, but it was redeemed
> at full value, no fees or expiration.

Apparently from what I read, there are enough stores that
do charge.

>> No so here in CT. Law states no fees, no expiration.
>
> I suspect that's more common than not, but the media loves to
> play Chicken Little. "Your *HOME* may be killing you!!! Tune in
> at 11 to find out how!"

I see enough outraged letters bitching about the fees to know
they do exist. Perhaps not so many as there used to be as
people are wising up to that game. Of course, I don't live in
Connecticut. Every state has their own laws on the subject.

nancy