The state of Delaware could confiscate your gift cards' unused balances if you wait too long to use them

Delaware state laws allow for expired or dormant gift card balances to be turned over to the state. Gift cards that haven't been used for five years or those that have expired are considered "abandoned property."

Consumer lawyer Cary Flitter, with the Philadelphia law firm Flitter Milz, said, "Customers can protect themselves from having their cards confiscated by learning the expiration dates. Consumers should read the disclosure on the card or jacket it comes with. The burden should be on the seller, but there is a little bit of buyer beware that helps the consumer from losing the gift card's funds."

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Published on

May 10, 2017