{"id":221,"date":"2022-11-19T20:41:37","date_gmt":"2022-11-19T20:41:37","guid":{"rendered":"https:\/\/nosh.ng\/blog\/?p=221"},"modified":"2025-07-22T16:18:51","modified_gmt":"2025-07-22T16:18:51","slug":"all-you-need-to-know-about-gift-cards","status":"publish","type":"post","link":"https:\/\/usenosh.com\/blog\/all-you-need-to-know-about-gift-cards","title":{"rendered":"All You Need to Know About Gift Cards"},"content":{"rendered":"

Gift cards have been serving a good purpose since their invention as a payment alternative for purchases either online or in-store.\u00a0<\/span><\/p>\n

They are available for customers as regular cards and virtual cards (E-code). They are used at gas stations, retailers, hotels, restaurants, and many others that accept them.<\/span><\/p>\n

Over the years, restaurant and retail gift cards stood out as the most gifts shared during the holidays.\u00a0<\/span><\/p>\n

Due to the lower levels of inventory in the gift card industry, interruption in the supply chain, insufficient labor, insufficient containers, port delays, and delivery delays, it is expected that customers will buy more gift cards during the upcoming holiday season.<\/span><\/p>\n

However, it is imperative to understand the risk related to gift card purchases, expiration dates, laws governing them, and so many other important details.\u00a0<\/span><\/p>\n

In this article, I will address all you need to know about gift cards. Let\u2019s get started.<\/span><\/p>\n

Do Gift cards have expiration dates?<\/strong><\/h2>\n

To restrict gift card surcharges and gift card expiry dates, a federal law was put into effect in 2010 in order to protect customers.\u00a0<\/span><\/p>\n

The two kinds of cards subject to this regulation include retail gift cards which can only be used at the restaurants and shops that sell them, and credit cards companies\/bank gift cards, which have the logo of a payment card<\/a> network like Visa, MasterCard, or American Express can be used everywhere the brand is accepted.<\/span><\/p>\n

After the law was passed in 2010, the Credit Card Accountability Responsibility and Disclosure Act became effective in August 2010 under the Treasury Department\u2019s laws controlling gift cards and loyalty programs. This regulation ensured that gift cards have at least 5 years before they expire.\u00a0<\/span><\/p>\n

This federal law governs all states in the USA. Since then, many states have also passed similar gift card laws while some are totally against gift card expiry dates.<\/span><\/p>\n

Gift card regulations are different in these states and gift card issuers and buyers in each state are expected to follow them. All gift card issuers are to make the terms and conditions of their gift card public.<\/span><\/p>\n

How to Trade Gift Cards on Nosh in Nigeria?<\/strong><\/h2>\n

The actual trading process is rather simple to comprehend:<\/p>\n

    \n
  1. Simply download the app<\/a>, create an account or log in.<\/li>\n
  2. Choose the gift card under the gift card category<\/li>\n
  3. Enter the value of the card you want to sell.<\/li>\n
  4. Submit your request<\/li>\n
  5. You will receive a response from the platform in less than 5 minutes.<\/li>\n
  6. Once\u00a0<\/span><\/span>the\u00a0<\/span><\/span>gift\u00a0<\/span>card\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>confirmed,\u00a0<\/span><\/span>the naira<\/span><\/span>\u00a0<\/span><\/span>equivalent\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>paid\u00a0<\/span><\/span>to\u00a0<\/span><\/span>you.<\/span><\/span><\/li>\n<\/ol>\n

    You can contact NOSH support via email: help@usenosh.com<\/strong>, or via live chat (on the mobile app or on the site) if you prefer a more interactive session.<\/p>\n

    Are there fees associated with the purchase of a Gift card?<\/strong><\/h2>\n

    Every state has distinct rules addressing the fees a gift card issuer can charge customers. Some rules are general across states and they include:<\/span><\/p>\n