this is absolute BS. reward, loyalty programs, and promotions probably amount to 99% of these cards issued. there is absolutely no way they should be exempted. if anything consumers are less likely to know the specific terms of these types of cards versus ones that they simply pay cash for. if there is to be an exemption it should be for the cards cash are paid for and not the ones issued as rewards or promotions.
I gave up any kind of rebates after I got two debit cards as rebates. They are too difficult to use. I can never get the entire rebate amount out of the card. It forces me to make more purchases rather than bank the money.
reply to tom thomas All of the rebate cards I have received like this have included the terms in very simple English on a small insert in the envelope.
Most of the cards even have an expiration date printed rate on the card.
You would have to be retarded not to know the terms involved.
I just turn around and buy Amazon.com gift cards with them, and spend the money that way. Since I'm going to buy from Amazon anyway, and Amazon only lets you use one form of payment. So it's easier to buy Amazon gift cards and use those as payment in the future.
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