Holiday Safety Tips to Protect Your Gift Cards By Tod Aronovitz | 12/24/13 | 0 Comment

Gift cards are one of the most popular holiday gift ideas, since they are easy to purchase and allow the recipient to get exactly what they want. Here are a few consumer tips to help you make the most of gift cards that you receive this holiday season.

Different Types of Gift Cards

Bank gift cards are sold by major credit card networks like American Express, MasterCard or Visa, and can be used for purchases at all locations that accept payment by the sponsoring credit card.

Retail gift cards, like those sold at Target or Macy’s, are sponsored by the merchant and can only be used at their locations.

A Consumer’s Guide to Successful Gift Card Use

  • Read the terms and conditions. Check for the expiration date. Make a note of the card ID number and any toll-free number if you have questions about the card. The Federal Trade Commission now requires that money on a gift card remain available to the card holder for five years from the date the card was purchased.
  • Treat a gift card like cash. Keep your card in a safe place so that it does not get lost or stolen.
  • Use your gift card quickly. Post-holiday sales are a good time to stretch your gift card purchasing dollars. The sooner you use your gift card, the less likely you are to lose it or forget about it.
  • Spend all your gift card dollars. About 10% of all gift card dollars are left unspent, frequently because the card owner loses track of small amounts remaining on the card. Keep track of your balance, and consider small purchases that might make good use of any remaining card dollars that remain after you make a larger purchase.

This message is a public service of ARONOVITZ LAW.


The Florida trial law firm of ARONOVITZ LAW pursues justice for Florida consumers who have been injured by the wrongful actions or omissions of another individual, government agency, or corporation. We can assist you with civil litigation, consumer class action litigation, whistleblower cases, medical malpractice, product liability, and wrongful death.

Contact Miami trial attorney Tod Aronovitz for a confidential discussion of your case.