I have a gift card given to me last year, I have not used it, Visa has the money, which I am sure that they have invested, and the are charging me fees to hold & use my money. My card has lost half of its value. I have repeatedly contacted them for my funds, they promise & promise but I am yet to see any of my funds returned. Is there any merit to a class action lawsuit against these gift card companies? How should I proceed? I have thought about corresponding with AARP since I'm a retired person living on my pension. Help!!!
2007-12-17 00:42:12 · 4 answers · asked by zurichh 1 in Business & Finance ➔ Personal Finance
You can consult with an attorney for free. If there is any basis for a suit, he or she will tell you then. Meanwhile, they'd probably be willing to write a letter on legal letterhead to Visa for you. Oftentimes a letter from an attorney gets results that we cannot. I wish you luck! (I hope you win if it comes to that!)
2007-12-17 00:52:11 · answer #1 · answered by keshequa87 6 · 0⤊ 0⤋
Welcome to the world of gift cards. I refuse to purchase them any longer due to exactly what you describe. When I receive one as a gift, I make it a point to immediately use the thing before it devalues.
Sad to say, a class action suit isn't going to get you anywhere, since VISA and the others clearly disclose what happens to the value of the card when not used in a timely manner. Is it legal ? Yes it is. Is it a ripoff? You BET it is.
2007-12-17 00:58:13 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
If you have the gift card in your possession, how about using it before it runs dry? Just a thought.
2007-12-17 02:39:55 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
Depends on your state law. In Illinois fees and expiration of gift cards are illegal.
2007-12-17 01:32:39 · answer #4 · answered by Ted 7 · 0⤊ 0⤋