This is a bit of good news for the province of Saskatchewan. Wall’s government has set an expiry date. We’ll see if they go sour before then; it’s looking likely, especially after the ridiculous Bill 5 and 6 pass and make legal strikes impossible.
The Gift Card expiry date outlawing is a great move. We spend money on a card, so it can be used like cash, and it shouldn’t go away at the whim of the company. Yet once you’ve given your money to a business, honestly you’re taking your chances. They don’t have the backing of the government. Perhaps there should be some kind of bank-government backed secure money transfer in portable format invented. I don’t know… maybe we could call them cheques?
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Austin Chu | 28-Apr-08 at 9:58 am | Permalink
Hi, I work for a company that manages and tracks gift cards, and we’ve been following the expiration laws of gift cards for some time now. We blogged about credit cards gift cards a few days ago on savvywallet.com. Even though Canada has different laws, the way gift cards still operate the same. Consider this: Last year in the states, $100B was spent on gift cards, and $8B was lost