The Visa® Gift card has 2 (two) fees associated with it, an Activation Fee (charged at time of payment) and a Maintenance Fee (please see FAQ in this list). You will receive important information regarding the Visa Gift card such as how to activate and use the card. A gift card is usually pre-loaded with a certain monetary value allowing the recipient to exchange it for goods or services up to the value. You will notice on some cards the phrase "ELECTRONIC USE ONLY" printed on the front of the card. Visa Gift cards are perfect for any occasion - give the gift of freedom and choice by giving the Visa Gift card. There is no fee to purchase or make transactions using the card. Expiry dates are allowed for: Cards issued for a specific good or service. For an online checkout, you’ll enter your Visa gift card’s 16-digit number, expiration date and CVV in the appropriate form field. the expiration date and all fees that may apply. Although most Illinois gift cards should not expire, be careful that the store does not go out of business like Borders and Circuit City. You may want to call just to be sure, but I'm fairly certain that although the cards themselves will expire, the funds will not. Take the guesswork out of gift buying with the Visa Gift card. Thanks to the federal Credit CARD Act of 2009, gift certificates and store gift cards can't expire for five years. Be sure to write down your card number and keep it in safe place in the event that your card is ever lost or stolen. There is a "valid thru" date indicated on the front of each Gift Card, which means it can’t be used after this date. If the card and the underlying money expire at different times, the card issuer should make it known which date applies. Your Card will expire when the “valid thru” date printed on the front of your Card has passed. and Sutton Bank, Members FDIC. Unlike store-issued gift cards, your Visa Gift card is intended for use anywhere Visa cards are accepted, in person or online. Effective November 1, 2012 , the funds loaded to RBC Visa Gift Cards do not expire. If you want a new card after seven years (our typical expiration period), you can contact customer service for a replacement. § 1693l–1). I know this is true for the visa gift cards I buy at the grocery store. Cards sold by individuals or at auction sites of-ten turn out to be stolen or counterfeit. Retailer gift cards do not have fees. However, issuers can still charge an "inactivity fee" if the card has not been used within twelve months. You can verify or update your information by visiting the card provider’s website or by contacting them using the number provided in your card documentation. Anonymous. Depending on the rules in your province or territory, the following gift cards may have an expiry date. You can check your card balance any time, online or by phone. The federal Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009, and some state laws, regulate gift certificates and cards. It is best to personally keep track of your balance, as most merchants will not be able to tell you. The Visa Gift card comes with protection and security features. Carrying your gift cards around is like carrying cash – if they are lost or stolen, the balance is usually just gone. Do these cards expire or have any fees? To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Contact the card issuer. The Visa Gift card can be replaced if lost or stolen*. Gift card funds must be good for at least five years under federal law, and some states laws give you more time. Because there are no raised letters on this type of card, it cannot be used at merchants who use manual imprint machines. Yes, you can purchase a new Visa gift card using your current Visa gift card. If the card has a balance after the expiry date, a new card with the remaining balance can be requested and mailed at no charge. Obviously terms may be different from gift cards received as a … Gift card protection consumer laws in the United States vary depending on the regulations adopted by the state where the gift card was issued. • Purchase gift cards only from reputable sources. If, for example, an expiration date reads "06/19," this means it can be used until midnight on June 30, 2019. It's also perfect for people of all ages. The law covers gift certificates, store gift cards, and general-use prepaid cards. 3 Answers. If the expiration date listed on the card is earlier than these dates, the money can be transferred to a replacement card at no cost. You may want to call just to be sure, but I'm fairly certain that although the cards themselves will expire, the funds will not. What should I do if my Visa gift card is lost or stolen? What should I do if my Visa Gift card is expired? Do Visa Gift Cards Expire While the funds on the gift card won’t expire, it’s important to know that the plastic card will. When making a purchase, simply present the card to the merchant and sign the purchase receipt. Vanilla Visa ® Gift Cards are issued by TBBK Card Services, Inc., MetaBank ® , N.A. In this case, let the merchant know how much remaining balance you have on your card. By doing so, you reduce the risk of using a Visa Gift card that has expired or has insufficient funds available. For recurring bill payment transactions please use your Visa Credit, Visa Debit or Visa Reloadable Prepaid cards instead. The Visa Gift card is a "non-reloadable prepaid" card, meaning the initial value is set by the person who purchased the card. State Laws. Money on a gift card cannot expire for at least five years from the date the card was purchased, or from the last date any additional money was loaded onto the card. Visa Gift cards are loaded with a set amount of funds and can be used for multiple purchases for as long as value remains on the card. Some highlights of the new rules are as follows: The law provides that gift cards cannot expire within five years from the date they were activated and generally limits inactivity fee on gift cards except in certain circumstances, such as if there has been no transaction for at least 12 months. 9 years ago. Updated By Amy Loftsgordon, Attorney Promotional or charitable gift cards Businesses may give promotional or charitable gift cards as part of a promotion, loyalty program or to raise money for charity. Some do. Yes, Visa gift cards expire seven years from the purchase date. * Covers all Canadian-issued prepaid cards. Yes, Visa gift cards expire seven years from the purchase date. For recurring bill payment transactions please use your Visa Credit, Visa Debit or Visa Reloadable Prepaid cards instead. You can request a replacement Visa Prepaid Card by calling (866) 466-8082. The cashier pointed to the fine print on the back of a card, which said that a monthly fee would be deducted from the Is it legal for gift certificates to expire? When it published the new rules in 2010, the Federal Reserve carved out an exception for “loyalty, award or promotional” cards. Gift cards, vouchers or credits for a specific dollar amount, for example, a $50 gift card to a spa, are not allowed to expire. Yes. Check the balance on your card, either online or by phone, to see when your cancelled purchase transaction has been processed. Gift cards can only expire five years after the date the card was purchased or the date money was last loaded onto the card. By doing so, you reduce the risk of using a Visa Gift card that has expired or has insufficient funds available. However, in other states, gift cards may expire after three to seven years. Relevance. If the expiration date listed on the card is earlier than these dates, the money can be … Yes. Was this answer helpful to you? However, if your gift card states Valid only in Canada on the front, your provider has issued a Domestic Use Only card. Those cards can continue to charge monthly fees and can expire, as long as those limitations are clearly disclosed on the card. Be sure to sign in the designated area on the back before making your first purchase. Was this answer helpful to you? Answer Save. Your prepaid gift card can be used through the expiration date embossed on the card, which will always be at least 5 years from date of purchase. CARD Act) into law. Gift Cards don’t have expiration dates. Generally in BC, gift cards with a specific dollar value are not allowed to expire but if the card was issued before 2009, they can expire. You will be asked to present this card when returning items purchased with the card. We’ll issue you a replacement Gift Card free of charge if your "valid-thru" date has passed and you still have available funds remaining. The Visa Gift card carries the Visa logo like any other Visa card, so it can be used at the millions of places that accept Visa cards, including online. do visa gift cards expire? Do Visa gift cards expire? If the remaining balance doesn't cover the entire transaction, let the merchant know how much funds you have remaining. This means that unlike cash, the Visa Gift card can be replaced if lost or stolen. You will be asked to sign a purchase receipt when using the card for payment. They will need to replace your gift card with one that does not expire for at least 5 years. or Sutton Bank, pursuant to a license from Visa U.S.A. Inc. MetaBank, N.A. do visa gift cards expire? To make a purchase greater than the balance on your Visa Gift card, a merchant may accept a second payment method (credit card, debit card, cash or cheque) to cover the difference if their policy allows. Yes. Should the card remain inactive for 12 consecutive months, an inactivity fee of $4.95 will be assessed each month there is no transactional activity. Report a lost or stolen card immediately to the provider that issued the card. Keep your card in case you have to return any purchases made with the card. Giving a Visa Gift card puts the power of choice in the hands of your friends and family. It depends on the policy of the merchant/financial institution that issued the gift card. The Walmart Visa Gift Card may not be used after the expiration date on the Walmart Visa Gift Card (“Expiration Date”), but the funds on the Walmart Visa Gift Card do not expire and are still available after the Expiration Date. Additional funds cannot be added later. The non-use fees will not be reimbursed, but … The fees don’t stop there. Merchants who only possess a manual imprint machine cannot accept Gift cards which have the phrase "ELECTRONIC USE ONLY" printed on the front of the card. You should destroy the card once you are sure there is no further need. The person who gave you the card will decide the initial value of your gift card. If you are giving the card to a young person who has little card-use experience, you may wish to review the materials together. Purchasing gift cards directly from the store is a better option. Those cards can continue to charge monthly fees and can expire, as long as those limitations are clearly disclosed on the card. If you have a balance on your expired card, contact the financial institution that issued your card or refer to your cardholder material to learn how to order a new card or a cheque. Yes. The card provider specifies the minimum and maximum value of your card. Relevance. In most cases, you should be able to use your Visa Gift card for purchases outside of Canada. Under the law’s implementing rules, gift cards cannot expire in less than five years. If you let a gift card expire that most likely means the gift card was for a store selling stuff that you really didnt need all that much. The merchant may split the transaction and allow you to pay for part of the purchase using your Gift card, and then the remaining part of the purchase with another form of payment such as credit, debit or cash. The activation process is determined by the provider of your card, so you will need to follow the instructions provided with your card. It does not apply if the card can be used anywhere (such as an American Express, MasterCard, or Visa gift card). The inactivity fee can consume the balance on the card before the 'Good Thru' date printed on the card. Federal Regulations: (rules that apply regardless of where you live) Gift cards cannot expire before five years from date of purchase Reloadable gift card funds are valid for five years from the date of the most recent reload All gift cards must disclose fees upon either the card itself or associated packaging Learn how gift card expirations are treated in your state, because the issuer may be prohibited from imposing an expiration date. Consider going digital. It is important to know the remaining balance before making a purchase, as making a purchase for an amount greater than your balance could result in a denied transaction. Gift cards loaded to your Target.com account can be accessed by logging into your account on the Target app or Target.com. If the information is different, the transaction may be declined. Is there a fee to purchase a Gift Card? Expiry as a function of the sale contract between the buyer and the merchant selling a gift card has the effect of setting a finite time limit on the ability of the buyer or holder to redeem the voucher. He asked the cashier if the card had an expiration date and any fees. Obviously terms may be different from gift cards received as a … Refer to the materials you received with your card for details. In California, Florida, Massachusetts, Connecticut, Maine, Minnesota, Montana, Oregon and Rhode Island, gift cards do not expire. i am wondering if visa gift card expires because i am buying something online and it asked me when my card expires. If you have a balance on your expired card, contact the financial institution that issued your card or refer to your cardholder material to learn how to order a new card. I know this is true for the visa gift cards I buy at the grocery store.