As evidences by this recent fiasco experienced by TXU Energy customers, bankruptcy of companies that issue gift cards is still a problem.  Customers who were promised a free gift card for switching to TXU for their electricity service quickly found out the card didn’t work, because the company behind them, Spring Box Services, had gone […]

Because of a deal reached today between New York AG Cuomo and KB Toys, you have until Jan 11 2009 to redeem your KB Toys gift card. But only in New York, and not online. After that, you are probably SOL. (article) What is really interesting from the article though, is this statement: “KB Toys […]

Technically, this isn’t related to gift cards. But, in the cheesy shenanigan department, gift cards kind of remind me of another classic cheesy scam, mail-in rebates. Mail-in rebate processors are more slippery than health insurance companies, if that is possible. Well, things in the mail-in rebate department just got a lot worse as one of […]

Looks like Circuit City will again be accepting its gift cards (article), with the recent court approval of its desire to do so. I think the difference between Circuit City and the other recent bankruptcies that involved large sums of unredeemed gift cards (i.e. Sharper Image and such) is that Circuit City appears to really […]