You are here: Home - Saving & Banking - News -

Topshop gift card rules changed after Arcadia collapse

Written by:
Shoppers with an Arcadia gift card to spend at Topshop and Dorothy Perkins can only use it against half the purchase cost.

The full value of an Arcadia gift card – valid at Topshop, Topman, Burton, Dorothy Perkins, Evans, Wallis, Miss Selfridge and Outlet – can only be put towards up to 50% of a purchase.

As an example, a customer with a £10 gift card would need to spend £20 in order for the transaction to be accepted.

An Arcadia spokesperson added that gift cards remain valid in full across all brands and they’re currently being accepted in all stores, with customers able to use them online from early next week.

Arcadia collapsed into administration earlier this week, putting around 13,000 retail jobs at risk across its 444 UK sites and 22 overseas sites.

If a company goes bust, administrators are under no obligation to accept gift cards, meaning customers can lose their money.

As such, customers should look to spend them as soon as possible, and preferably in-store just in case an online order doesn’t arrive or is faulty or needs to be returned.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
£300bn of easy access cash earns just 0.1% interest

More than £300bn of cash in easy access accounts earns just 0.1% interest or less as the number paying paltry...