Reply #8: Yep. They sure do. Here's the way I understand it... [View All]

[Bronco69]

In order to take your money (in this case a gift card) the company has to perform a service. A company can't just take your money and not give you anything in return. That being said, a gift card can't expire because basically you have given them money to hold for future purchases. The way they get around it is to charge you a service charge after 1 yr., 2yrs. etc. The value of the card declines until there is nothing left on the card and basically you have given the company money for nothing.