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Gift card expiry extension good for consumers - Jacqui Dean

Contributor:
Fuseworks Media
Fuseworks Media

People who’ve received gift cards over Xmas will be thinking about how to spend them, and Waitaki MP Jacqui Dean says her members bill which extends the expiry dates to three years, will let the festive cheer last much longer.

"Many Kiwis use gift cards as a convenient option, and that’s certainly the case at Christmas time, but the gift can turn sour if the card is not presented by its expiry date.

"We’ve all had those instances where the gift card has been misplaced and later found to be expired, or where children treasure their gift cards and spend months deciding how best to spend their present, only to find they’ve left it too late.

"My Fair Trading (Gift Card Expiry) Amendment Bill seeks to prohibit the selling of gift cards with expiry dates of less than three years after the initial sale date, giving the recipient a more reasonable period in which to redeem the card’s full value.

"One in five recipients lose out when they don’t redeem the full value before the card expires.

"While this might be a windfall for the retailer, it’s frustrating and disappointing for those who’ve received the gift cards.

"I’d like to see expiry dates changed on cards and extended to three years, so that everyone has a fair chance to use their cards.

"Some retailers have already extended expiry dates on their cards up to 12 and 24 months, but not everyone has. I hope my bill will allow the Xmas cheer this year to last for many years to come."

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