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Originally Posted by TTT103
(Post 22257953)
Do we have any CVS employees on here who might know if the purpose of the ID scan for transactions over $1K is to simply curb fraud, or does CVS track our purchases for the purposes of monitoring suspicious activity (SAR)? If it's simply for fraud, I have no worries, but I'm nervous about having a SAR issued.
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Originally Posted by Majuki
(Post 22257994)
The black helicopters take off the second your ID is scanned.
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Originally Posted by TTT103
(Post 22258004)
HaH! Smartie Pants! :D
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Originally Posted by Majuki
(Post 22258044)
In all seriousness, this question has been asked and answered multiple times since the policy began in August 2013. There have been people buying up to $5k/day without issue. The transaction is only as awkward and uncomfortable as you make it to be.
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I was at CVS yesterday and was told the daily limit was $2500. After the cashier rung up the 5 cards, the transaction won't go through and I got a fraud alert from Citi on the Citi AA Executive card. I just got the card two days ago. Spoke the the fraud department who said it is unusual for a charge that large coming from CVS and they don't know yet my spending pattern since it is a new card. After giving them pertinent information (SSN, etc), Citi approved the transaction.
Do you think I can attempt to buy $2000 worth VR today or give it a few days of rest? Should I go for same store or try a different one? |
It won't matter. The block has to go off like 20 times before the bank "gets it"
Well more like a couple but yea... |
Originally Posted by caGALINDO
(Post 22255652)
$118.50 next month.. getting my feet wet.
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Originally Posted by Majuki
(Post 22257994)
The black helicopters take off the second your ID is scanned.
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Originally Posted by caGALINDO
(Post 22258202)
It won't matter. The block has to go off like 20 times before the bank "gets it"
Well more like a couple but yea... |
Originally Posted by TTT103
(Post 22257953)
Do we have any CVS employees on here who might know if the purpose of the ID scan for transactions over $1K is to simply curb fraud, or does CVS track our purchases for the purposes of monitoring suspicious activity (SAR)? If it's simply for fraud, I have no worries, but I'm nervous about having a SAR issued.
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Originally Posted by FlightNurse
(Post 22259342)
I have bought over 100K of beans and never had a SAR issue, and I believe that is at the bank level when trying to deposit large amount of MO's.
I get a feeling once you start going over your yearly income, banks will start taking a closer look at you... |
Originally Posted by FlightNurse
(Post 22259329)
This is not true, when I got my Citi AA card, after the second fraud alert, I explained to the fraud department I make large purchased as CVS, after that call, I have never gotten one... I did the same thing with Chase on all of my cards. Amex I have never gotten a fraud alert on my cards from large purchases at CVS...
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My understanding is that CVS self imposed the limit for VRs specifically to avoid having to deal with SAR and other financial reporting. They need DL in order to enforce the limit across the stores. I am not a CVS employee, though, and I doubt you'll be able to find one who knows the reason behind the limit. There are probably a handful of people in in CVS who know it.
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Originally Posted by FlightNurse
(Post 22259329)
This is not true, when I got my Citi AA card, after the second fraud alert, I explained to the fraud department I make large purchased as CVS, after that call, I have never gotten one... I did the same thing with Chase on all of my cards. Amex I have never gotten a fraud alert on my cards from large purchases at CVS...
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