Comments on: When Money Expires… http://www.consumptionrules.com/when-money-expires/ business, economics, consumer information, current events, politics Thu, 08 Jan 2009 12:17:17 +0000 http://wordpress.org/?v=2.6 By: Consumption Rules » Blog Archive » Worthless gift cards http://www.consumptionrules.com/when-money-expires/#comment-21322 Consumption Rules » Blog Archive » Worthless gift cards Fri, 07 Mar 2008 03:24:25 +0000 http://consumptionrules.com/when-money-expires/#comment-21322 [...] if gift cards weren’t backhanded enough. Here’s news from CNN: As more retailers file for bankruptcy or go out of business, more [...] [...] if gift cards weren’t backhanded enough. Here’s news from CNN: As more retailers file for bankruptcy or go out of business, more [...]

]]> By: Amy Alkon http://www.consumptionrules.com/when-money-expires/#comment-170 Amy Alkon Mon, 28 Aug 2006 16:33:11 +0000 http://consumptionrules.com/when-money-expires/#comment-170 I'm working on this issue - just made a complaint to the Cal Atty. General about illegally expiring gift cards and will be blogging more about it soon. Have to call back the "office of the president" people at Cingular after my deadline. I’m working on this issue - just made a complaint to the Cal Atty. General about illegally expiring gift cards and will be blogging more about it soon. Have to call back the “office of the president” people at Cingular after my deadline.

]]> By: Lenore http://www.consumptionrules.com/when-money-expires/#comment-157 Lenore Tue, 08 Aug 2006 18:52:43 +0000 http://consumptionrules.com/when-money-expires/#comment-157 I was also issued a Cingular Wireless $50 gift card. It expired two weeks ago and that's too bad for me. Apparently, gift cards are only for the quick and decisive. I'm sure they have consultants spewing out statistics on how much "rebate" money they won't have to pay if they use this method of return. You bet they need a class action lawsuit! I was also issued a Cingular Wireless $50 gift card. It expired two weeks ago and that’s too bad for me. Apparently, gift cards are only for the quick and decisive. I’m sure they have consultants spewing out statistics on how much “rebate” money they won’t have to pay if they use this method of return. You bet they need a class action lawsuit!

]]> By: Consumption Rules » The Bottom Line in Mall Cards http://www.consumptionrules.com/when-money-expires/#comment-94 Consumption Rules » The Bottom Line in Mall Cards Fri, 12 May 2006 06:55:32 +0000 http://consumptionrules.com/when-money-expires/#comment-94 [...] This was taken from an advertisement in a paper, and coincides well with my post about gift cards, When Money Expires.  Read it, and tell me what you think. [...] [...] This was taken from an advertisement in a paper, and coincides well with my post about gift cards, When Money Expires.  Read it, and tell me what you think. [...]

]]> By: Ron http://www.consumptionrules.com/when-money-expires/#comment-70 Ron Thu, 20 Apr 2006 23:46:51 +0000 http://consumptionrules.com/when-money-expires/#comment-70 I also have a Cingular Wireless $50 gift card. Get this, I used the gift card before it expired however I had to return the item I purchased because it was defective. Naturally the credit is returned back to the Visa Gift card. After the credit was returned, the expiration date had already passed. Contacted the number on the back of the card and Cingular and they will not refund, honor or reissue the card????? Whats that all about. This should be a class action lawsuit. I also have a Cingular Wireless $50 gift card. Get this, I used the gift card before it expired however I had to return the item I purchased because it was defective. Naturally the credit is returned back to the Visa Gift card. After the credit was returned, the expiration date had already passed. Contacted the number on the back of the card and Cingular and they will not refund, honor or reissue the card????? Whats that all about. This should be a class action lawsuit.

]]> By: Bob http://www.consumptionrules.com/when-money-expires/#comment-65 Bob Tue, 18 Apr 2006 22:43:41 +0000 http://consumptionrules.com/when-money-expires/#comment-65 Why do people buy these things??? They are money down the drain incubated by lack of creativity in the depths of procrastination. (ie. people grab them as a quick easy gift). Some of my fellow managers buy hundreds of dollars of these for their employees and lock them up where they will be safe from theft. Years later they remember them only to discover they are worth half their original value. The companies that issue them are not at fault if they discolse the expiration terms in advance, but here is food for thought--why does the cardholder get penalized? They will lose money by hanging on to the card anyway due to inflation/time value of money. Do not buy these things with unreasonable terms. Companies charge because people buy--people buy because they are passing them off as gifts to friends and family and don't care that they fade away over time. Why do people buy these things??? They are money down the drain incubated by lack of creativity in the depths of procrastination. (ie. people grab them as a quick easy gift). Some of my fellow managers buy hundreds of dollars of these for their employees and lock them up where they will be safe from theft. Years later they remember them only to discover they are worth half their original value.

The companies that issue them are not at fault if they discolse the expiration terms in advance, but here is food for thought–why does the cardholder get penalized? They will lose money by hanging on to the card anyway due to inflation/time value of money.

Do not buy these things with unreasonable terms. Companies charge because people buy–people buy because they are passing them off as gifts to friends and family and don’t care that they fade away over time.

]]> By: iris keijer http://www.consumptionrules.com/when-money-expires/#comment-57 iris keijer Sun, 16 Apr 2006 22:23:42 +0000 http://consumptionrules.com/when-money-expires/#comment-57 I have a Cingular wireless $50 rebate card that had "expired" one or two days before and they will not honor it nor reissue it. That appears to be fraudulent since the $50 was never used and they know it, yet we paid full price for our cellphone. This must be happening to many others out there and should be the subject of a class action lawsuit. I have a Cingular wireless $50 rebate card that had “expired” one or two days before and they will not honor it nor reissue it. That appears to be fraudulent since the $50 was never used and they know it, yet we paid full price for our cellphone. This must be happening to many others out there and should be the subject of a class action lawsuit.

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