Is it illegal to buy discounted gift cards?

SHORT ANSWER: Yes. Saving with discount gift cards is great, but you do have to commit your money to a brand before buying the merchandise you want.

Is buying cheap gift cards illegal?

Both Californian and federal law prohibit the sale of gift cards and certificates in a deceptive manner, so the company or person selling the card can’t conceal fees, conditions or restrictions.

Can discounts be used on gift cards?

Gift Cards are usually exempt from discounts and promotions unless otherwise advertised. If a unique promoton is run that applies to Gift Cards, it will be noted.

Gift certificates and gift cards are covered by statutes setting these basic rules: … Effective January 1, 2008, any gift certificate with a cash value of less than $10 is redeemable in cash, which includes currency or check, for its cash value. California laws governing gift cards and gift certificates cannot be waived.

Why do people sell discounted gift cards?

On Buying Discount Gift Cards

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The gift card reseller then sells the unwanted gift card to somebody else–for a higher price than the cash offer, but still less than face value. This secondary gift card market has created an increasingly popular way for people to save money on planned expenses.

What scammer do with gift cards?

Once gift cards are purchased, the scammer will ask the victim to repeat the gift card numbers over the phone–at which time, the scammer drains the value of the gift cards. Victims who fall for the initial ploy are often told to go back to the store to buy additional gift cards.

Can you be scammed with Google Play cards?

Someone might be trying to scam you if they ask you to buy a Google Play gift card and share the code so that you can pay for something outside Google Play. A scammer calls and pretends to be from a government agency (like the IRS in the US. … Never buy gift cards for them or provide them with any gift card codes.

Where can I get gift cards for discounts?

Here are 10 places to find discount gift cards:

  • Raise.com. Raise.com offers discounts of up to 30% on gift cards from more than 1,000 merchants. …
  • Cardpool. Use Cardpool to help you find the right discount gift card for you. …
  • Gift Card Granny–Editor’s Pick. …
  • GiftCards.com. …
  • Daily Deal Sites. …
  • RetailMeNot. …
  • CardCash. …
  • ABC Gift Cards.

Is a 20 dollar gift card Enough?

General etiquette is usually under $20 for casual acquaintances, like co-workers, $30-$75 for close friends and family members and more for someone like your spouse or for a big occasion, like a wedding. Always make sure that the dollar amount you give is visible on the card or write it down.

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What is the best gift card to buy?

The best gift cards for 2020

  • Starbucks: Overall score of 70 out of 100 points.
  • Target: 65.
  • Fandango: 61.
  • Walmart: 60.
  • Whole Foods Market: 55.
  • REI: 55.
  • Netflix: 55.
  • Disney: 55.

What gift cards can be redeemed for cash?

If you want to get money from a store gift card, then Yes! You can get cash off a gift card if it’s a closed-loop gift card (one that is only usable at a particular store) by selling it to a gift card reseller. For example, you can get cash from a Target gift card, a Sephora gift card, a Home Depot gift card and more.

Can gift cards legally expire?

Federal Gift Card Law

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.

What states can you redeem a gift card for cash?

Some states with gift card laws include California, Colorado, Maine, and New Jersey. Each state requires card balances be less than a certain amount before cash redemption is mandated. The threshold is usually around $5 to $10.

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