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Tuesday, April 3, 2012

Shocker: New Taxes/Regulations Prompts American Express To Stop Offering Gift Cards In New Jersey

WOW. New Jersey wants to seize unused gift card balances.
A lot of people don’t utilize all of the value of their gift cards. From 2005 to 2011, Americans left some $41 billion worth of gift card value unused. In New Jersey, the state government has decided to claim those unused funds for itself, and now one credit card company has decided to get out of the gift card business in that state altogether as a result.
Read the rest here 

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