It's a win for the consumer, with gift cards being given a new lease on life.\xa0
Parliament has passed a private member's bill \u2014originally put forward by National's Melissa Lee\u2014 requiring gift cards to have a minimum expiry date of three years.\xa0
Consumer NZ's Jessica Walker says one in four gift cardholders end up stuck with a card they can't use.\xa0
She told Mike Hosking this change brings much need consistency and clarity.\xa0
Walker says three to six month expiry dates is pretty much allowing the retailers to have money for nothing.\xa0
LISTEN ABOVE\xa0
See omnystudio.com/listener for privacy information.