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Gift Cards and General Use Prepaid Cards.
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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 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.
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.
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