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Released: November 13, 2012
Gift cards popular, but beware of fees
Source: Herb Weisbaum, Today (MSNBC)
Expiration dates used to be a big problem. Not anymore. Federal rules now require all gift cards to be good for at least five years from the date of purchase. Fees are now the big “gotcha,” especially for gift cards issued by banks and credit card companies. For its just-released 2012 Gift Card Survey, Bankrate.com surveyed 55 popular store gift cards and eight general-purpose gift cards. All of the cards issued by the banks and credit card companies charged a purchase fee — ranging from $2.95 to $6.95 — while only 9 percent of the store-branded cards did.Read Full Article: Gift cards popular, but beware of fees
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