What is the gift card rule?

Gift Card Rules: The Card Act sets a federal minimum term for the sale of gift certificates, store gift cards and general use prepaid cards of five years from the date of issuance or the date funds are last loaded on the card (if it is a store gift card or general use prepaid card).



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Based on the U.S. government legal regulations concerning limitations on gift card purchasing, within a 24 hour period: The maximum amount that can be purchased by a single person across multiple gift cards is $10,000.

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These cards can be used for travel, gifts, and much more! Reloadable Visa Cards can be personalized or non-personalized, with amounts of $10-$5,000. The non-personalized can be reloaded a maximum of 4 times. The personalized can be reloaded for as long as you have the card.

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So yes, it's true gift cards can expire, but federal protection ensure consumers have at least one year to use their gift cards penalty free and up to five years guaranteed. But given inflation and the risk of a business closing, Rossman said it's best to spend gift cards you have sooner rather than later.

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