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I have to wonder how many Financial Reviews and account closures are going to be spawned by all the last minute panic buying that's going on. I'd also really like to see a chart of CVS's VR sales for the last year. The spike for 3/31-4/3 would go to the moon!
Andyandy |
Originally Posted by KennyBSAT
(Post 22637261)
A Bluebird check. Or any other check. Or money orders (but don't do that regularly) Or cash.
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Just loaded $3k via CC directly to three different Serve cards in San Francisco ($500/swipe x 6). No beans to be found. Manager said today is the last day for credit cards.
BTW, you can load a permanent Serve card with a temporary Serve card. |
This seems right. I asked my friendly store manager what triggered the change and the fees was the consistent answer. Also she said they always used to be cash only under CVS but when CVS bought Longs (2008) they adopted what Longs had.
This suggests to me that there is a separate agreement in place between retailers and Incomm that allowed a better deal than costs would imply. (some kind of kickback). And I guess Long's had a good one with Incomm, which has now expired.
Originally Posted by ctbarron
(Post 22634955)
I debated posting this because, in my opinion, the arguments on why CVS will stop selling prepaids in most/all locations are just guesses.
But, ignoring that, here goes: I had a conversation with a known manager this AM after getting denied. She stated she was on a conference call this week where they discussed the new prepaid policy. The big driver, according to what she told me, was high fees associated with more people buying VR's with rewards credit cards. Nothing new here. The new bit of info was that an agreement CVS had with "the Vanilla prepaid provider" (assuming this is Incomm) expired 3/31 and a new agreement went into effect. This new agreement charges CVS higher fees, to the point where they can no longer absorb the high reward CC fees. I have no idea if this is true, but just thought I would pass it along for those who enjoy this topic. |
I was able to purchase $5k in a suburb of Minneapolis. The manager told me cash only tomorrow.
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Originally Posted by DaveInLA
(Post 22637270)
If I pay with a check in person, how long before it applies to CL? Doesn't the check have to clear first, 2-3 days?
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Originally Posted by andyandy
(Post 22637331)
I have to wonder how many Financial Reviews and account closures are going to be spawned by all the last minute panic buying that's going on. I'd also really like to see a chart of CVS's VR sales for the last year. The spike for 3/31-4/3 would go to the moon!
Andyandy |
Quote of the Day Regarding the Shutdown:
"This is probably Good for EveryBbdy… the heavy MSs doing 20K + per week of VR are those who take all the saver awards flying 4-5 times per year… and those people who saved the points for 3 years for a holiday can’t get no Awards…" |
Originally Posted by silver4300
(Post 22637369)
Me too. I did a month's worth of buying in a week. I'm tempted to buy even more since my CVS is still selling on cc - yet I'm getting nervous about overdoing it.
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Say it ain't so...the Conshohocken, PA CVS just outside of Philly is cash only as of 15 minutes ago. Bought $6500 last night between my g/f and I.
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Originally Posted by ghygy5675
(Post 22637290)
Why do people use words like rejected denied or declined. If not hard coded the information is useless to the group. Cashier denials have been happening since the beginning of time.
Today I got a stack of OV's and as I set them down, the cashier said "Oh, I don't think you can get those with a credit card any more." I said "I think that is only for the reloadable cards" and she grabbed the memo and looked and said "You are right, those should work. The memo is about these - you can't get these with a credit card any more, the system won't let you." and then she pointed to a huge stack of VR's behind the register. I think it is pretty clear that this will be rolled out nationwide, and it will be enforced by the registers, not just the cashiers. |
Confirmed, register hardcoded against at CVS downtown.
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I really hope they allow serve loading via debit card. I foresee a decent opportunity in the near future if so.
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My trusted source in DC Downtown is officially dead (spent $7000 there since sunday). Before I swiped my card the shift supervisor told me "cash only from tomorrow on". Then he was surprised about the "invalid tender" message and said "I am sorry, man". I heard a deep sigh from a fellow unknown MSer behind me in the line.
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Originally Posted by silver4300
(Post 22637323)
I agree with you. I think the OP was referring to MMS.
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