Gift Cards Stay Popular, but Some Recipients Get Only Headaches

The perils of gift cards is a story that we tend to do every single year, but it is still a good reminder of what you are dealing with. (Read our story from last year)

Today it's the Wall Street Journal's turn:

One of the most popular gifts in America still leaves a lot to be desired. The National Retail Federation expects shoppers to buy close to $25 billion in gift cards this holiday season, even though both state legislators and federal regulators have put the cards' fees and fine print under the microscope recently. In August, the federal Office of the Comptroller of the Currency told banks that they should disclose their terms and conditions in a way that both giver and getter could clearly understand. A handful of states, meanwhile, have passed laws creating their own gift-card rules.

Click here to see the warnings and what to do when buying one as a gift.

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Credit Cards

[Credit Cards]

Credit cards are really useful and handy. You need not to worry about theft, burglary or carrying large sums of money. On the other hand, shopping can also be rewarding.