New California Gift Certificate Law - Exchange Gift Cards for Cash!!!

[s0lehunter]

There is a new law for California stating as of January 1, 2008, if you have a giftcard/certificate with a balance of <$10.00 you can redeem it forcash!! This does not apply for special promotional gift cards.

Law Summary

time to cash in some gift cards that ill never use

 

[craxyaznguy]

 

[mr jordan04]

I'm on my phone so I didn't read the article, but all I needa know is where do u take it?

 

[wanksta23]

 

[s0lehunter]

im guessing back to the store

 

[sole lovely]

damnnn

 

[ac4three]

Cool.

 

[hyphy in my nikes]

How about gift certificates? Damn, so could have taken advantage of those free $5 starbucks gift cards

 

[lb510]

words cant describe how I feel right now

 

[vintagefits]

what if i can get gift certificates for 20% off in another state, i can still get cash for them ?

 

[s0lehunter]

i guess, im just delivering the news

 

[iheartboost]

Damn, I just used my $150 gift certificate on a Canon SD1000 yesterday! If I'd known the law, I would have bought some groceries or gas...

 

[vintagefits]

let the scamming begin :-D

edit: nevermind, too much work for only 1.99-2.99 each transaction and they check ids for returns most likely

 

[liljrdn]

So you can only cash giftcards that are under $10? Um, that's still pretty cool if you ask me. McD's here I come!

 

[s0lehunter]

Originally Posted by IHeartBoost

Damn, I just used my $150 gift certificate on a Canon SD1000 yesterday! If I'd known the law, I would have bought some groceries or gas...

10 bucks or less!

My Idea

Lets say you get a giftcard for $100
Buy something worth 10 bucks 10 times, then return those items to put the price back on a new gift card, then exchange those for money!
but if they require you to use the gift card u got it with, then iono

 

[vintagefits]

Originally Posted by s0lehunter

Originally Posted by IHeartBoost

Damn, I just used my $150 gift certificate on a Canon SD1000 yesterday! If I'd known the law, I would have bought some groceries or gas...

10 bucks or less!

My Idea

Lets say you get a gift card for $100
Buy something worth 10 bucks 10 times, then return those items to put the price back on a new gift card, then exchange those for money!
but if they require you to use the gift card u got it with, then iono

how about the large companies that let you buy giftcards on discount?

 

[pianoman52]

this is UNTRUE. if this was the case, if someone buys you a $1,000 gift card, then you can buy 100 ten dollar gift cards and exchange them for CASH.

i think not.

 

[vintagefits]

Originally Posted by pianoman52

this is UNTRUE. if this was the case, if someone buys you a $1,000 gift card, then you can buy 100 ten dollar gift cards and exchange them for CASH.

i think not.

....the fault lies in this law.

its a horrible law that goes against business practices.

the only issue i see with the idea is that you can get sued/fired for selling the gift cards (you sign paperwork for employee privileges)

and i know they'll give you static for returning them but its technically legal.

also, every good scam has to be polished.

 

[bballkingsrule]

So wait, do you just go back to the same store the giftcard is for, and say I want cash? Is that how it works?

 

[tupac jordan]

HU$tle$!

 

[digitalo22]

Originally Posted by Bballkingsrule

So wait, do you just go back to the same store the giftcard is for, and say I want cash? Is that how it works?

Say you have a $50 gift card and your purchase comes out to $43.00 total, change gets cashed out as opposed to being credited.

Outback Steakhouse has always done this. Had a $100 gift certificate, spent about $50 and cashed out the other $50

 

[PROLIFIK1]

There has to be a catch later down the line....either way....I have tons of them right now that I need to use....

 

[ufckid]

yeah worked for me .. bought some @!*! with my gift card with like $5 left and the lady said you want the cash or keep it in the card. (never been asked if iwanted cash ) so i said yeah and went to jamba juice

 

[pierredadon]

CAN I STILL BUY GIFT CERTIFICATES WITH CASH?????

 

[650]

Originally Posted by pierredadon

CAN I STILL BUY GIFT CERTIFICATES WITH CASH?????

as opposed to with.. apples?