CVS is now limiting the purchase of prepaid products in-store to $2,000 or less per day, in a new memo sent by a corporate official at CVS.
Here’s the summary of what you need to know.
- The memo appears to be real – it’s issued by Cary Chaney, who was the same individual to send out the Vanilla Reloads memo back in April of this year.
- The limit on the purchase of prepaid card transactions begins Oct. 27. This includes gift cards, and purchases will be limited to $2,000 per day.
- Registers will be hard coded to not allow a purchase over $2000.
- An ID will be required for all purchases over $300.
So, if you purchase lots of gift cards or reload able debit products from CVS, keep these new limits in mind when they take affect October 27.
Looking for the best way to earn miles and points quickly? Visit the "Credit Cards" drop down on the main menu bar above for the hottest deals!Want to learn more and stay up to date on the latest tips, tricks and deals? Join My Travel Tips Facebook Page! This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.