Texas has passed laws pertaining to gift cards but the statutes are surpassed by the federal protections put in place by the CARD law. Under the CARD law the minimum expiration for a gift card is 5 years and no post sale fees may be assessed until1 year after purchase. Texas law states that after 3 years of inactivity cards with an expiration date or post sale fees escheat to the state. These laws do not include general purpose prepaid cards.
The minimal protection that Texas has enacted to protect consumers is disappointing, but we are encouraged by the standards set by the federal government. We hope Texas will continue to develop their consumer protection laws.
Texas became a state on December 29, 1845. Texas, the land of cowboys, horses, big hats and where Dr Pepper was invented and is the only place in the world where it is still made with the original recipe.
Over 75% of all the worlds Snicker bars are made in Texas. Texas boasts the largest state capitol buildings and the largest parking lot. It is home to the Alamo and the birthplace of rodeo. More land is farmed in Texas than any other state.
The US Census Bureau reports that over 26 million people live in Texas.
64.5% of Texans own their home and 17% live below poverty level, which is higher than the national average of 14.3%.
The unemployment rate in Texas is 6.5%.
Texas Consumer Protection Laws
The Attorney General of Texas maintains a website where you can see the states consumer protection initiatives.
Wild West Gift Cards
If they had gift cards in the wild West it would change what we see in Western movies. Grizzled gunfighters would be sitting around a table and one might say something like "I'll see your $5 and raise you this here gift card for the general store, it's got $6 left on it" then later there would be a fight because there was actually only $3 on the card. Yet another fun use for gift cards.
Gift Card Fact
In some states if you do not use a card then after a certain length of time it will be considered abandoned property and the value with be escheated to the state. Check the information on the card and the state rules.