(a) Definitions. - For purposes of this section, the terms "gift card," "gift card issuer," "gift card redemption information," and "gift card value" are as defined in G.S. 14-86.5.
(b) Offense. - A person commits the offense of larceny of gift cards if the person does any of the following:
(1) Acquires or retains possession of a gift card or gift card redemption information without the consent of the cardholder or card issuer.
(2) Obtains a gift card or gift card redemption information from a cardholder or card issuer by means of false or fraudulent pretenses, representations, or promises.
(3) Alters or tampers with a gift card or its packaging with intent to defraud another.
(c) Punishment. - A violation of this section is a Class 1 misdemeanor if the value of the gift card acquired, retained, or for which the gift card redemption information is obtained, or is altered or tampered with, is not more than one thousand dollars ($1,000). Any other violation of this section is a Class H felony.