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Gift Cards and General Use Prepaid Cards Store Gift Card – a card issued on a prepaid basis primarily for personal, family or household purposes to a consumer.

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Presentation on theme: "Gift Cards and General Use Prepaid Cards Store Gift Card – a card issued on a prepaid basis primarily for personal, family or household purposes to a consumer."— Presentation transcript:

1 Gift Cards and General Use Prepaid Cards Store Gift Card – a card issued on a prepaid basis primarily for personal, family or household purposes to a consumer in a specified amount that may be increased or reloaded, in exchange for payment and is redeemable at a single merchant or an affiliated group of merchants for goods or services. General Use Prepaid Card -- a card issued on a prepaid basis primarily for personal, family or household purposes to a consumer in a specified amount, whether or not that amount may be increased or reloaded, in exchange for payment and is redeemable at a single merchant or an affiliated group of merchants for goods or services.

2 Exclusions Useable solely for telephone services Reloadable and not marketed or labeled as a gift card or gift certificate A loyalty, award, or promotional gift card Not marketed to the general public Issued in paper form only Redeemable solely for admission to events or venues at a particular location or group of locations, or to obtain services along with such events in and around the geographic proximity to the event.

3 Loyalty, Award, or Promotional Gift Card Statement that the card, code or other device is issued for loyalty, award or promotional purposes, which must be on the front of the card, code or other device The expiration date for the underlying funds which must be on the front of the card, code or other device The amount of any fees that may be imposed and conditions under which they may be imposed which must be on or with the card, code or device A toll-free number and if one is maintained, a web site, that a consumer may use to obtain fee information which must be included on the card, code or other device


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