Get that latte soon…
If you got a gift card for the holidays, check the back. Some gift cards expire after a year, or depreciate month by month if not used.
“If you wait too long, the card becomes an incredible disappearing act,” said Sen. Ken Jacobsen, D-Seattle. “If you leave it sitting in your jacket too long, it might not be any good when you go to use it.”
As a state lawmaker, though, Jacobsen can do more than just complain. He’s sponsoring Senate Bill 6482, which would make it illegal for retailers to sell a gift card with an expiration date, service fee or inactivity charge.
After all, Jacobsen points out, there’s a built-in penalty for people who don’t get around to using the cards. It’s called “inflation.”
“If you wait too long, the card becomes an incredible disappearing act,” said Sen. Ken Jacobsen, D-Seattle. “If you leave it sitting in your jacket too long, it might not be any good when you go to use it.”
As a state lawmaker, though, Jacobsen can do more than just complain. He’s sponsoring Senate Bill 6482, which would make it illegal for retailers to sell a gift card with an expiration date, service fee or inactivity charge.
After all, Jacobsen points out, there’s a built-in penalty for people who don’t get around to using the cards. It’s called “inflation.”
* This story was originally published as a post from the blog "Eye On Olympia." Read all stories from this blog