New York Gift Card Law - Easy To Read Summary

Last updated on January 03, 2011

Good Consumer Protection

Grade A or B

Needs Improvement

Grade C or D

Poor Consumer Protection

Grade F

What we like:

New York offers a consumer-centric gift card law webpage
New York has legally defined the notion of a gift card
New York has legally specified whether or not gift cards escheat to the state
Any expiration or fees must be clearly staed on the gift card

What could be better:

No limits on expiration dates
Post-sale fees of any amount may be charged after 1 year of inactivity.
Merchants are not required to give cash back
Value will escheat to state after 5 years

NOTICE: ScripSmart attempts to make all information accurate. ScripSmart is only a guideline and does not provide definitive statements of the law. If you have questions about the law's application to a particular case, direct them to a specialist. If you believe this information is incorrect, please let us know.

The following types of gift cards are excluded form New York Gift Card Law:

Cards sold at a discount to employers or non-profits for fund raising purposes, Employee Incentive Cards (Employeer must be the Issuer), Free loyalty/promotional cards

New York Attorney General Information

Attorney General: Eric Schneiderman (D)

Contact Form

Phone: 1-518-474-7330

http://www.oag.state.ny.us