Thursday, December 10, 2009

Canadian Justice Minister Tries Eliminating Prepaid Gift Card Expiration Dates reports that under new legislation tabled by Quebec Justice Minister Kathleen Weil, there will no longer be expiry dates on gift cards.

The new legislation ensures that gift cards will not gradually lose their value over time.

In some cases, companies choose to deduct an amount from a gift card's balance if the card is not used within a certain time frame.

Weil said the new law is necessary because the conditions attached to gift cards have been unfair to consumers.

What do you think about this development, will it pass?

Learn more: No more expiry dates for gift cards

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