Yesterday's LA Times featured this article on a new Website, www.leveragecard.com, at which gift card recipients can register their gift cards and track their value. The article includes an important tip: Under the law of California and other states, gift cards issued by retailers cannot expire and cannot decrease in value. But gift cards issued by banks (such as the Visa Gift Card) and malls are not subject to those regulations. So if you plan to give someone a bank gift card, a check is probably a better gift.
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