What you need to know about buying gift cards in N.L.

If you are picking up gift cards for friends and family in Newfoundland and Labrador, it's important to note the rules that are in place.

The provincial government brought in new regulations in 2011that removed expiry dates and fees for most gift cards.

• 2011 N.L. government press release | Gift card rules come into effect
• N.L. gift card regulations

The legislation states that the cardshave to be sold at a price equivalent to the value of the gift card, and the consumer has to be given all of the information aboutthe use, redemption, or replacement of the card.

But there are some exceptions, including gift cards that are used or sold for a charitable purpose, or gift cards that are issued for a marketing, advertising, or promotional purpose.Those cards can have an expiry date, and the supplier may charge fees.

The Lowdown: What you need to know about buying gift cards in N.L.

6 years ago

Duration 1:18

CBC Investigates reporter Jen White breaks down the rules and regulations on gift cards.

Service NL says prepaid cash cards from credit card companies fall outside the legislation.

• The not-so-hidden costs of gift and prepaid cash cards

Because those lending institutions are regulated federally, they followdifferent rules, and the cards can include fees and expiry dates.

The Lowdown is a series from CBC NL Investigates about consumer news you can use. If you have a story idea, email us:cbcnlinvestigates@cbc.ca.

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