AZ SB1264

Gift cards are prohibited from being subject to expiration dates or fees.

The underlying monies on a gift card cannot expire, though the card itself or associated codes may have expiration dates if clear disclosure is provided that the monies do not expire and consumers can request replacements.

Gift card issuers must clearly and conspicuously disclose expiration dates and fees before purchase, with disclosures visible on physical cards or in electronic/telephonic purchase communications.

Exemptions apply to gift cards distributed through loyalty/awards programs (without consumer payment), cards sold below face value to charities, and prepaid cards or bank-issued debit cards not marketed as gift cards.

Violations are subject to a civil penalty of not more than $500 per card violation.