this post was submitted on 28 Dec 2023
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[–] Mr_Fish@lemmy.world 76 points 10 months ago (6 children)

6 months later, all three cards have expired, so all three companies get $25 of free revenue, and no one really got anything for Christmas.

Gift cards are a fucking scam

[–] JimVanDeventer@lemmy.world 53 points 10 months ago (1 children)

Gift cards expiring isn’t legal in Canada. We just expect you to lose them, and there is still plenty of profit in that, apparently.

[–] misophist@lemmy.world 5 points 10 months ago

They don't expire here, 3ither, but I found a 10-year-old gift card after a move and the company had switched to a new gift card system, so I had to spend an hour calling around to get my ancient gift card converted to modern store credit. It was not worth it for $20.

[–] thetreesaysbark@sh.itjust.works 12 points 10 months ago (1 children)

I wonder if prices being 24.99 makes a difference here too.

That would mean that for each gift card where the full amount is not spent, the company keeps 0.01. That 0.01 is technically owed but it doesn't prevent the company from earning interest on the unspent cash (I don't think).

[–] nudnyekscentryk@szmer.info 10 points 10 months ago* (last edited 10 months ago) (1 children)

Also some gift cards require own contribution to the purchase. For example a $25 card could only be used on a purchase of $25.01 or above so you still have to pick something that you will pay out of your own pocket for

[–] Patches@sh.itjust.works 7 points 10 months ago (1 children)

Which gift cards are those?

I've never heard of that being something you would purchase.

I could only see it existing if I had a $1.00 gift card to the dollar store. Because nothing costs a dollar at the dollar store anymore.

[–] nudnyekscentryk@szmer.info 2 points 10 months ago (1 children)

Ikea where I live (Poland) does that. You have to spend at least 0,01 PLN yourself, even if it means not using the entire amount of the gift card that was available

[–] Patches@sh.itjust.works 2 points 10 months ago* (last edited 10 months ago) (1 children)

That's crazy. That sounds like it should not be legal.

Why not just require they spend $200 to use a gift card? That way the store either keeps the $50 gift card in cash on the books, or they make $250 in sales.

[–] Tlaloc_Temporal@lemmy.ca 2 points 10 months ago

Kinda sounds like they require a link to your finances, so you can't do anonymous online purchases.

[–] runner_g@lemmy.blahaj.zone 11 points 10 months ago

If you are in the US, gift cards are required to be valid for at least 5 years (federal rule) and many states have longer rules. Also some states require unspent money to be paid back to the card holder as cash. There was a thread a couple of days ago on Lemmy all about gift cards and relevant consumer protections.

[–] Honytawk@lemmy.zip 9 points 10 months ago (1 children)

I hate them.

They basically force you to go to a specific store after the holidays before the allotted time expires. What if I don't have time to go to that store? What if I don't need anything from that store? What if I don't like the store?

I'd rather they give me something useless than a gift card that is going to expire anyway.

[–] Kusimulkku@lemm.ee 1 points 10 months ago

What if I don’t have time to go to that store?

How short is the time in your gift cards that you can't find the time to use it??

[–] notasandwich1948@sh.itjust.works 8 points 10 months ago (1 children)

I don't understand them either, just give people cash

[–] Kusimulkku@lemm.ee 1 points 10 months ago (1 children)

It can seem more thought out to give giftcards than just money.

[–] notasandwich1948@sh.itjust.works 1 points 10 months ago

yeah but I'd honestly prefer to get cash more than a gift card

[–] Sprokes@jlai.lu 0 points 10 months ago (1 children)

Another story of Americans (or from countries following American model) getting screwed? Where am I gift cards can be used for multiple purchases.

[–] Voyajer@lemmy.world 3 points 10 months ago (1 children)

They can here as well, but they can expire if not used for 5 years.

[–] Patches@sh.itjust.works 3 points 10 months ago* (last edited 10 months ago)

And in places where the money doesn't 'expire' because it's illegal.

They charge a 'Maintenance free' of like $1/month every month until it is worth $0.

Tbf I am shocked they have not started charging overdraft fees on them because "Fuck consumers" is the American way.