I heard something interesting this evening. I was at the NYC Reach for the Miles meetup hosted by Mike at upgrd.com and FlyerTalk member ST1575 had mentioned to me there was speculation on FlyerTalk for a few days now that CVS was planning to raise its Vanilla Reload limit. Up until now, the limit was actually $1,000 per customer per day.
Later that evening, as ST1575 and I were listening to MilesAbound talk about wine (a very interesting conversation!), I received an email from reader Namaste-Duniya confirming the new policy with a memo. CVS has a new policy for Vanilla Reloads and prepaid cards with the following:
- Limit of $5,000 per transaction.
- ID Scans at $1,000.
- Limit of $5,000 per customer/per day.
- Limit of 10 pre-paid cards per day.
For those of us that use Vanilla Reloads to pay large bills such as rent, mortgage or student loans, this makes life far easier. We’ll no longer need to make several trips to the CVS just to pay our monthly bills! increase
Update 8/1/2013: Since the writing of this post, I learned that @gster78 on Twitter actually tweeted about the new CVS policy on July 23. I missed the tweet (unfortunately, or I’d be buying more Vanilla Reloads when I was upstate), but he did announce it!
Update 7/31/2013: I have received confirmations with receipts concerning the new limit and have include the information in this post: CVS Stores Raise Vanilla Reload/Prepaid Card Limit.
Update 7/30/2013: I have not personally gone and purchased Vanilla Reloads or any other prepaid cards to test the new policy and, as TravelBlawg pointed out to me on Twitter after I posted, it may take time for the CVS registers to be recoded to be able to process these transactions.
Here’s a snapshot of what Namaste-Duniya sent me. Thank you very much, Namaste-Duniya, for sharing this with me!
ST1575 and I found the news quite favorable as we do use Vanilla Reloads to pay our bills and earn miles. MilesAbound would have liked to talk more about wine and could have dealt without the conversation interruption!
For some previous posts on Vanilla Reloads and the cards I like to use, check out these posts: