Are there any suggestions on choosing a gift card for an acquaintance?
Some of us are lucky enough to know exactly what stores are frequented by the recipients of our gift cards. But some times it is hard to know where the recipient might like to shop. If you are choosing a gift card for that distant relative, the mailman or a work colleague, there are some things to consider. Gift cards with a credit card logo can be widely used, and may offer the recipient a greater choice of where he or she uses it. But beware: such cards often charge both purchasing fees and monthly fees. Since these cards are subject to federal law, not New York State law, monthly fees can be charged even during the first 12 months after purchase, until August 2010 when the enactment of the Credit CARD Act of 2009 starts prohibiting inactivity fees within the first 12 months of inactivity.
