BACK

Credit Card Help

How the Credit CARD Act affects gift cards

Summary

Americans -- and retailers -- have grown to love the convenience of gift cards. Their terms have not always been consumer-friendly, though, and the law takes aim at some of them.

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.


Americans — and retailers — have grown to love the convenience of gift cards. Their terms have not always been consumer-friendly, though, and the law takes aim at some of them.

Fed issues rules addressing gift card fees, restrictions — Clearer disclosures of gift card fees terms and conditions are also included in the rules that take effect in August 2010 … (more)

Buyers’ guide to gift cards: 5 questions to ask before buying — Want to save money on gift card purchases? Ask yourself some key questions and do a bit of homework; your extra effort can mean cash left over in your pocket … (more)

See related:Back to main page: Credit card reform arrives, How the Credit CARD Act affects consumers, How the Credit CARD affects young adults under 21, A comprehensive guide to the Credit CARD Act of 2009, Complete archive of Credit CARD Act articles

 

 

Credit Card Rate Report Updated: August 14th, 2019
Business
15.55%
Airline
17.50%
Cash Back
17.63%
Reward
17.50%
Student
17.69%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.