New California law for cashing in Gift Certificates

[PocariSweat]

There is a new law starting January 1, 2008 that enables Californians to cash their gift cards if the amount is less than $10. I know it is a meh deal but it might benefit some....now I wonder if I could change a large sum to $9.99 GC and cash them.

http://www.yubanet.com/artman/publish/article_72640.shtml

[ighosty]

Couldn't someone then just take a 50 dollar gift card and buy a bunch of less then 10 dollar gift cards, and then cash those in?

[magiic]

most places will not let you use a giftcard to purchase gift cards

[PocariSweat]

Possibly if you have store credit, you might be able to transfer it to GC but I'm wondering if stores will let you make them for $9.99? I'll try it at Game Crazy.

[monkeydeew]

most places will not let you use a giftcard to purchase gift cards

i tried to do this yesterday at gs/eb. i have around 100 credit on my edge card but want to give away 20$ gift cards as secret santa gifts but they wouldnt do it for me. a few weeks ago i was able to do it though, maybe its just ymmv

[Redeema]

If I'm not mistaken in California it is legal to cash out any amount of gift card. At least we were told that when I worked at Circuit. Most places are hesitant because they're going to lose a sale, but what can they do if it's the law? Like I said that was my understanding and it's been quite a few years since then, but my guess is that your average employee wouldn't be able to do this for you. Heck, some managers might not even know how.

[Sharp Katana]

im planning on buying lots of gift cards with my credit and cash them in.

[Snarky]

Soo... Has anyone tried this out? I have a $5 Best Buy one(got it with that NDS - Jam Sessions for $19.99 deal) I'd like to cash out.

[djkunai]

I've already cashed in $200+ giftcards to BB with this law. Noice.

[kiyoshi67]

Wow, didn't know about this. Thanks for the info (and the link to prove it)!

[phattsoe]

hm, for gamestop, could a workaround be buying a game (or two), then returning it and asking for multiple giftcards in $10 amounts or so? anyways, thanks for the info, OP! it'll come in handy down the line, i'm sure...