Gift Card Expiry Dates Across Australia, Singapore, USA, Canada, UK, New Zealand, and India
Digital Gift Cards
Gift Card Expiry Dates Across Australia, Singapore, USA, Canada, UK, New Zealand, and India
If you've ever wondered, "What is the expiry date of gift cards issued in Australia, Singapore, USA, Canada, UK, New Zealand, and India?", here's a quick guide:
Australia
Expiry Date: Most gift cards must have a minimum 3-year expiry from the date of issue, unless exempt (e.g., promotional cards). Retailers also cannot charge post-purchase fees.
Usage Statistics: Approximately 40% of Australian holiday shoppers purchase gift cards, reflecting their popularity during festive seasons.
Singapore
Expiry Date: Expiry dates vary by retailer. Some gift cards expire within 6 to 12 months, while others remain valid longer. Always check the terms before purchase!
Usage Statistics: Specific data is limited, but the growing retail sector indicates an increasing trend in gift card adoption.
USA
Expiry Date: Under federal law, gift cards must be valid for at least 5 years. However, inactivity fees may apply after 12 months of no use. State laws may offer additional protections.
Usage Statistics: In 2023, about 50% of U.S. consumers planned to buy gift cards due to their convenience.
Canada
Expiry Date: Most provincial laws prohibit expiry dates on gift cards, except for promotional or charity-issued ones. Check your province’s specific rules for more details.
Usage Statistics: Canada ranks among the top countries in gift card usage, indicating a strong consumer preference for them.
UK
Expiry Date: No national law on gift card expiry, but many retailers set expiry dates between 1 to 2 years. Some brands offer longer validity, so always check terms.
Usage Statistics: The UK is among the top countries in gift card usage, reflecting their popularity among consumers.
New Zealand
Expiry Date: Retailers set their own expiry policies. Many cards expire after 12 to 24 months, but some offer longer durations.
Usage Statistics: While specific statistics are scarce, the increasing adoption of gift cards mirrors global trends.
India
Expiry Date: Gift cards typically expire after 1 to 3 years, depending on the issuer. Some may allow extensions upon request.
Usage Statistics: India is among the top countries in gift card usage, indicating a growing market.
Global Gift Card Market Insights:
The global gift card market was valued at $984.3 billion in 2023 and is expected to reach $3.09 trillion by 2030.
The United States alone represents approximately 28% of the global gift card market, with a value of $275.6 billion.
TIP: Always check the terms of a gift card before buying or gifting!
At OKURU, each gift card in Australia Singapore USA Canada UK New Zealand and India has specific terms clearly detailed with expiry date tracking.
Download links for Apple and Android devices are available at www.okuru.app
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