Author |
Message |
Sherbabe
Member
07-28-2002
| Wednesday, October 10, 2007 - 11:50 am
You know those cards you can purchase and add money to them to give as gifts. Well, I found out the hard way that if you don't use them right away (or soon, thereafter) fees will be decudted from them. For example, I won a prepaid Master Card from work for $25. I tucked it away and used it the other day. I only was able to get a $21 credit as fees were charged for non use. My husband gave my son a debit card for $50 last Christmas. My son thought it was a normal credit card and never used it. Over time, all $50 was eaten up by fees. I hope this note will save someone some money in the future.
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Kstme
Member
08-14-2000
| Wednesday, October 10, 2007 - 6:12 pm
Sherbabe, I thought there was legislation to stop this from happening. Maybe not, maybe you have to ask or search before you buy the gift certificate? It was BIG news here, last year, around Christmas time. I think it's horrible that this has/can happen!
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Colordeagua
Member
10-25-2003
| Sunday, October 28, 2007 - 6:53 am
I believe there's state-by-state legislation regarding gift cards. (I suppose that would include credit / debit money cards also.) In Illinois where I am, amount of card cannot be reduced by fees, etc.
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Boberg
Member
10-04-2002
| Friday, February 22, 2008 - 3:02 pm
Yep they are still doing it. I got a prepaid Visa from Walmart for Christmas. I used it for the first time last week...I found out about these charges the hard way. It was rejected. So I went home and read the fine print on the back of the card and went to check it out on the web site. Seems they charge a fee of $.94 each month from the month it was purchased, and then fees for balance checks. Unbelievable...
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