Warnings About Gift Cards

Buyer beware when it comes to store gift cards. State Comptroller Thomas DiNapoli says with the current economy, gift cards may not be worth anything. He says shoppers need to think about stores closing in the area or even bankrupt, saying gift card sales may be suspended when that happens. DiNapoli says that if you still want to purchase cards, buy them at stores you can be sure won't be going out of business soon. Gift cards may also start to lose value, or expire if not used for a period of time. Check the fine print.

Audio: http://www.osc.state.ny.us/press/releases/nov08/giftcards.mp3