I came across this interesting post from Consumers Union about the pros and cons of giving gift cards to your gift recipients this holiday season. As part of the revised credit card legislation passed earlier this year, gift cards, either e-gift cards or the traditional plastic ones,  cannot expire after five years,  and cannot be charged a dormancy/inactivity fee after a year.

 

The link is:

http://www.defendyourdollars.org/2010/11/gift_cards_2010_new_consumer_t.html

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