NY law will allow buyers to redeem low-balance gift cards for cash, prevent cards from expiring

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NY law will allow buyers to redeem low-balance gift cards for cash, prevent cards from expiring
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A new law will help New York shoppers spend those leftover funds on gift cards.

Under the new law, any gift cards or certificates purchased in New York cannot expire within nine years from when it's purchased.The new legislation also prohibits a card's value from declining due to fees.

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