Every holiday shopper has that family member or friend that is difficult to buy for, which is one reason why gift cards are increasingly popular each year. Gift cards are some of the most requested Christmas gifts, as well, since recipients can shop for the items they want.
According to the National Retail Federation, about eight in 10 American consumers will buy gift cards this year from businesses like department stores and restaurants, spending a total of nearly $30 billion.
Arkansas's Fair Gift Card Act was enacted in 2007 to protect gift card purchasers and recipients from improper fees and untimely expiration dates. Attorney General Dustin McDaniel issued a Consumer Alert to inform consumers about the state law and federal safeguards related to gift cards and gift certificates.
McDaniel said buyers should purchase gift cards from trusted businesses. Avoid buying from Internet auction sites.