Posted Monday, August 23, 2010 in
Credit-Mortgages-Finances
Yesterday, new federal rules went into effect for all gift cards, whether you buy them from a store, mall or credit card company.
Highlights of the new rules include:
- An inactivity fee cannot be charged until the card has not been used for at least 12 months.
- Gift cards can't expire before 5 years.
- A one-time fee can be charged when you buy the card.
Read more at KOMO News.