Originally Posted by ragnarkar

So I bought a MasterCard gift card from Ralphs for $5.95, loaded it up with $500, and tried to unload it to my bluebird at the local Walmart with no luck. I tried multiple attempts and it didn't work.

I went online to www.mygiftcardsite.com and tried logging in using the information on the card but was unable to. So I called a rep and they took my information, saying my card activation failed and someone will get back to me in 24-48 business hours to discuss the refund process.

What's the success rate in getting back money that's "lost" due to a defective gift card in this situation? I know it's too early to think this but what are my options and rights if the card issuer doesn't refund my $505.95? Do I escalate by disputing this transaction with my credit card issuer? Thanks.