No more Gift Card Leftovers in Califorinia

On Jan 1 2008, California Senat Bill 250 went into effect. The bill requires merchans to reimburse consumers for the unused remainder of gift cards wit a balance of 10 dollars or less. In SB 250, an unredeemed gift card is any private label gift card purchased after Jan. 1, 1997. The indivdual purchaser, not the retailer, controls if and when the gift card will be redeemed. In California there are no expiration dates on gift cards. Policies regarding unredeemed gift cards vary from state to state. Watch for more states to follow California new law.