BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Gift cards are valid for how many years after activation?
A
1
B
3
C
5
D
2
Explanation: 

Detailed explanation-1: -Gift card is valid for a period of 1 year from its date of activation.

Detailed explanation-2: -Federal Law Offers Protections Under the law, a gift card cannot expire until at least five years from the date it was activated.

Detailed explanation-3: -Gift Cards or E-Gift Cards typically have a validity period of 3 to 12 months. However, the validity period might change according to the brand or retailer. Take a look at the Terms & Conditions provided in the product page before you buy the item and proceed to the payment portal.

Detailed explanation-4: -The card is presented to the system (swiped or read) and the unique card number is confirmed in a database. The dollar amount to load on the card is input to the database and is associated with the unique card number within the database. The card is now activated or loaded.

Detailed explanation-5: -Limitations: Gift Cards, including any unused Gift Card balances, expire one year from the date of issuance. You may request for revalidation of any expired Gift Cards. Upon receipt of such request, the Gift Card may be revalidated after due verification and subject to applicable terms and conditions.

There is 1 question to complete.