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While the new credit card reforms covered a large number of items, rebate cards were not on the list.  More and more companies are now providing rebate on rebate cards that come with monthly fees and a short life.  Many of the terms on the rebate cards are not disclosed to consumers until they receive the cards in the mail.Â
While the new credit card laws establishes new requirements for gift cards and prepaid cards like expiration dates of at least 5 years and no penalties for not using the cards in the first year, rebate cards were not given the same protections.
So the moral of the story is to use your rebate card as soon as possible. Don’t save them up as they can lose their value and expire quickly.
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