Comments on: California’s Gift Card Cash Redemption Law Approved http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/ Discussion on all things about gift cards, such as innovations, trends, laws, resale value, metrics, and more. Sun, 11 Dec 2011 22:36:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: George Combe http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/comment-page-1/#comment-535 George Combe Mon, 12 Oct 2009 09:18:02 +0000 http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/#comment-535 I understand nearly one hundred million dollars worth of gift cards go unredeemed each year in this country. No wonder they're putting up racks in supermarkets offering dozens of gift cards, from restaurants, retailers, etc.They all want their share of the sucker money. I understand nearly one hundred million dollars worth of gift cards go unredeemed each year in this country. No wonder they’re putting up racks in supermarkets offering dozens of gift cards, from restaurants, retailers, etc.They all want their share of the sucker money.

]]> By: gcnadmin http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/comment-page-1/#comment-458 gcnadmin Tue, 09 Jun 2009 22:21:11 +0000 http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/#comment-458 If the merchant does not have an exemption they can state to refuse redemption, then you can always file a complaint with Department of Consumer Affairs at http://www.dca.ca.gov/online_services/complaints/ccru.shtml. If that doesn't work you can also contact your local TV news station "On Your Side" department. If the merchant does not have an exemption they can state to refuse redemption, then you can always file a complaint with Department of Consumer Affairs at http://www.dca.ca.gov/online_services/complaints/ccru.shtml. If that doesn’t work you can also contact your local TV news station “On Your Side” department.

]]> By: Roma http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/comment-page-1/#comment-244 Roma Sat, 13 Sep 2008 07:36:18 +0000 http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/#comment-244 I would like to know if there is a fine for refusal of refund on a gift card under 10. I've gone into the same place twice asking for this specific store to please do the refund and they have refused saying that they don't have to. she kindly tells me " we have some great stuff on sale" If there stuff weren't such crap, and their sales people were on point, I wouldn't be doing this! any help would be great. A website, phone number, info! Thanks I would like to know if there is a fine for refusal of refund on a gift card under 10. I’ve gone into the same place twice asking for this specific store to please do the refund and they have refused saying that they don’t have to. she kindly tells me ” we have some great stuff on sale” If there stuff weren’t such crap, and their sales people were on point, I wouldn’t be doing this! any help would be great. A website, phone number, info! Thanks

]]> By: gcnadmin http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/comment-page-1/#comment-31 gcnadmin Fri, 02 Nov 2007 02:45:29 +0000 http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/#comment-31 To the best of our knowledge, under California's new law, bank gift cards, such as Visa, Mastercard, or American Express, can still loose its value, because those bank gift cards are covered by another set of laws. Most prepaid bank gift cards usually have a six months grace period before it starts loosing value to monthly fees. <a href="http://www.giftcardsnexus.com/2007/10/simon-loses-appeal-on-state-gift-card-law/" rel="nofollow">The state of Connecticut won an appeal that prohibit fees on Visa gift cards</a>. However, the ruling was very narrow and it'll be some time before other states pass laws banning fees on prepaid bank gift cards. To the best of our knowledge, under California’s new law, bank gift cards, such as Visa, Mastercard, or American Express, can still loose its value, because those bank gift cards are covered by another set of laws. Most prepaid bank gift cards usually have a six months grace period before it starts loosing value to monthly fees.

The state of Connecticut won an appeal that prohibit fees on Visa gift cards. However, the ruling was very narrow and it’ll be some time before other states pass laws banning fees on prepaid bank gift cards.

]]> By: barbara lake http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/comment-page-1/#comment-30 barbara lake Thu, 01 Nov 2007 21:58:16 +0000 http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/#comment-30 When you buy a a visa, mastercard or american express card can they loose value if not used right away under this new law???????????????? When you buy a a visa, mastercard or american express card can they loose value if not used right away under this new law????????????????

]]> By: anon http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/comment-page-1/#comment-28 anon Thu, 25 Oct 2007 18:04:36 +0000 http://www.allthingsgiftcard.com/2007/10/californias-gift-card-cash-redemption-law-approved/#comment-28 I want to point out that SB 250 does not take effect until January, 2008. Therefore, you cannot demand cash redemption from gift cards with a remaining balance of less than $10 until next year. I want to point out that SB 250 does not take effect until January, 2008. Therefore, you cannot demand cash redemption from gift cards with a remaining balance of less than $10 until next year.

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