Use gift cards wisely

Gift cards can be a convenient way to make wishes come true, but they may fall short if one doesn't check the card's fine print. It's important to learn about any applicable fees and expiration dates, and how to handle complaints and lost or stolen cards.

With more information, it can be easier to select the best gift card. For example, some issuers deduct a monthly fee from the gift card or apply inactivity fees if the card has not been used.

Gift card holders may not realize the value of their cards has been reduced until they use them for a purchase.

Make sure, said experts at the Office of the Comptroller of the Currency, to read disclosures on the important terms and conditions of the gift card, including:

+Fees that apply, including those that apply after the sale and reduce the value of the card.

+Expiration date.

+Procedures to follow if a card is lost or stolen.

+Procedures to follow if there are problems with the card.

+Where the gift card can be used.

If these disclosures are not stated on the gift card or its packaging, check for a tollfree number or website which might give this information.

This story is provided by North American Precis Syndicate Inc.