Via Twitter, @Ringsthecaddy tweeted a photo of a CVS memo saying that reloadable debit cards are moving to cash only. The photo shows a list of reload cards (including Vanilla Reloads) and swipe reload cards (including Amex) that will be cash only for reloads “as of 3/31”:
There are many questions that remain unanswered:
- Is this real? It appears to be, but you never know. My bet is yes.
- Is it nationwide or regional? I visited quite a few CVS stores today, but none had heard of the memo. That doesn’t prove anything though. It’s not unusual for corporate communication to take a while to filter down to individual stores and cashiers. I’d estimate a 50% probability that this is regional.
- When is the cutoff date/time? The memo says “As of 3/31”, but doesn’t list a time. Maybe transactions Monday morning will require cash or maybe the switchover will be late at night. Or, maybe somewhere in between. My guess is that we’ll still be able to use credit cards on Monday morning, but its really just a guess.
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