Problems buying disney gift cards at target

[PoohJen]

Every time you get 5 prescriptions filled on your pharmacy rewards account, they mail you a 5% off coupon. The 5% is for an entire day's worth of purchases. When they send it to you, it has an expiry date and they usually give you a month to 6 weeks to use it.

The second 5% off is off the already discounted 5%, so instead of 10% off, it's actually 9.75% off... but who's counting...

Buy $50 Disney Card -5% off is $47.50. Another 5% off is $45.125 - or $45.13.

It does add up if you can buy a lot at once.

Dang it! I'm sure I've gotten that in the past (I do fill my scrips there).

Thank you for the info!

 

[mommy2twingles]

Just bought $2000 worth this morning with no problems

 

[jlemieu1]

slight off topic, they gave me a $3000 credit limit to start. I called the number on the back of the card today to try to get my credit limit increased. I'm sick of using my wife's card too because she thinks I'm stupid to do this I was told by there automated system that they are not currently accepting requests for credit limit increases. What the heck????

 

[tinkerone]

I posted this on another thread. I had problems to. I received a letter in the mail stating that they felt my purchases had been for business purposes. they said if they noticed any other unusual charges they may need to investigate and possibly close my account. this was from a few $500 purchases I made of the gift cards. my credit card limit is $500 so that's the most I could do at one time. as i'm Canadian thats the max they would allow for a credit limit.I called the number from the letter but they just didn't understand that the purchases were travel related.
I sent my money order off and paid my bill and then called to close the account. the person I talked with then asked me not to close it, she would put a note on file for future reference.
as I stated earlier i'm Canadian so we have to take a bit of a drive to get to a target. it just isn't worth it to me when these type of problems arise.
recently we have had a target open in a local mall however they don't sell the same gift cards.
also, as a side note, my history is in banking and it is over $10,000 cash that the money laundering kicks in. if it is suspicious than you can report for under this amount however the report goes to a government agency and they want a good reason for smaller amounts. I would think that target would get a notice at some point to reassess their practices.

 

[Tngrl78]

I posted this on another thread. I had problems to. I received a letter in the mail stating that they felt my purchases had been for business purposes. they said if they noticed any other unusual charges they may need to investigate and possibly close my account.

Sorry they gave you a rough time... but if they decided to investigate me, I'd gladly show them my reservation. I had 3 cabins to pay off and that's where the $4200 went.

But if I had a business...hmmm...

 

[su_A_ve]

Every time you get 5 prescriptions filled on your pharmacy rewards account, they mail you a 5% off coupon. The 5% is for an entire day's worth of purchases. When they send it to you, it has an expiry date and they usually give you a month to 6 weeks to use it.

The second 5% off is off the already discounted 5%, so instead of 10% off, it's actually 9.75% off... but who's counting...

Buy $50 Disney Card -5% off is $47.50. Another 5% off is $45.125 - or $45.13.

It does add up if you can buy a lot at once.

Pharmacy coupon is not valid in NJ :<

My method is as follow:

* Buy WalMart GC using my Disney Visa Rewards Premium - I get 2%
* Buy Disney GC at Sams Club at 7% off, using the WM GC.

Or wait till December and pray Target will repeat their 10GC coupon with $50 purchase... Then it would be 2% Disney Visa + 20% off

BTW, both WM and Target are considered grocery transactions for me, so hence 2%.

 

[AquaDame]

Or wait till December and pray Target will repeat their 10GC coupon with $50 purchase... Then it would be 2% Disney Visa + 20% off

I didn't take advantage of this so could you explain how it works? Could you only get one $10 GC at a time with the coupon?

 

[PoohJen]

My method is as follow:

* Buy WalMart GC using my Disney Visa Rewards Premium - I get 2%
* Buy Disney GC at Sams Club at 7% off, using the WM GC.

Interesting re: Sam's Club. Is that 7% off for any cards they sell, or is that a specific package? We don't have Disney cards at Costco, but I always buy my SpaFinder cards at Costco at 20% off, then use them at my favorite spa when I travel to Vegas (Qua Spa at Caesar's ...soooo luxurious!).

 

[E&K's Dad]

Target as a company has no limit on how many Disney Gift cards you can purchase at one given time. The only limit is the one set by the IRS which is $10,000 in any gift card (store, Disney, itunes etc.) purchases per day.

If you encounter any resistance from a cashier simply ask to speak to the LOD (Leader on Duty) and explain that you would like to purchase the cards for your vacation. The LOD should allow you to make the purchase. If they give push back let them know that you had been told the company policy is a $10k limit.

I hope this helps.

 

[neg58]

Target as a company has no limit on how many Disney Gift cards you can purchase at one given time. The only limit is the one set by the IRS which is $10,000 in any gift card (store, Disney, itunes etc.) purchases per day.

If you encounter any resistance from a cashier simply ask to speak to the LOD (Leader on Duty) and explain that you would like to purchase the cards for your vacation. The LOD should allow you to make the purchase. If they give push back let them know that you had been told the company policy is a $10k limit.

I hope this helps.

The $10,000 limit is for cash transaction. You can walk in with $10,000 cash and buy cards, but the store has to notify the government that a $10,000 cash transaction took place. (no one wouldn't do that because we want the 5% off for using our Red card, not cash). Stores can set limits. They reserve the right to limit quantities on any item, it says so right on their ads, their cards, etc. The Disney cards are considered merchandize so they (and that is the manager of any store) can limit the quantities.

Any purchase of a large number of gift cards could trigger an investigation. It isn't illegal, but most retailers just don't want to deal with the investigation so they set limits.

Nancy

 

[jlemieu1]

Target as a company has no limit on how many Disney Gift cards you can purchase at one given time. The only limit is the one set by the IRS which is $10,000 in any gift card (store, Disney, itunes etc.) purchases per day.

If you encounter any resistance from a cashier simply ask to speak to the LOD (Leader on Duty) and explain that you would like to purchase the cards for your vacation. The LOD should allow you to make the purchase. If they give push back let them know that you had been told the company policy is a $10k limit.

I hope this helps.

If that doesn't work tell them to talk directly to the internal Red Card credit department. Of all places, I learned of this option at the Target below the HQ. It was pretty funny event that brought about 5 managers over which I will note they were all nice about my question.

 

[E&K's Dad]

The $10,000 limit is for cash transaction. You can walk in with $10,000 cash and buy cards, but the store has to notify the government that a $10,000 cash transaction took place. (no one wouldn't do that because we want the 5% off for using our Red card, not cash). Stores can set limits. They reserve the right to limit quantities on any item, it says so right on their ads, their cards, etc. The Disney cards are considered merchandize so they (and that is the manager of any store) can limit the quantities.

Any purchase of a large number of gift cards could trigger an investigation. It isn't illegal, but most retailers just don't want to deal with the investigation so they set limits.

Nancy

The purchase of 10k of more of any gift card becomes a reportable transaction and that is where the limit is created since the registers are not equipped to take the necessary IRS information at point of sale. For Target the gift cards are considered Entertainment Cards and therefor qualify for the discounts the company makes available, however, regardless of what Target calls them the IRS still considers them a Gift Card and the reporting is required.

As a company, Target has clarified to stores not to limit the sales gift cards until they reach the $10k number.

I encourage anyone who experiences any pushback from a cashier, from the supervisor at the registers (may be referred to as a GSTL or GSA) to ask for the LOD and the purchase should not be prevented.

 

[neg58]

The purchase of 10k of more of any gift card becomes a reportable transaction and that is where the limit is created since the registers are not equipped to take the necessary IRS information at point of sale. For Target the gift cards are considered Entertainment Cards and therefor qualify for the discounts the company makes available, however, regardless of what Target calls them the IRS still considers them a Gift Card and the reporting is required.

As a company, Target has clarified to stores not to limit the sales gift cards until they reach the $10k number.

I encourage anyone who experiences any pushback from a cashier, from the supervisor at the registers (may be referred to as a GSTL or GSA) to ask for the LOD and the purchase should not be prevented.

I disagree. It is not the purchase of something with a value of over $10,000 that is a reportable transaction (people make purchases every day of houses and cars and college educations that cost over $10,000) but the method of payment, cash that triggers the reporting requirement. If you come in and pay $10,000 cash (or certain other forms of payment that are like cash - money order, cashier's check, GIFT CARDS) the business must report it. If you charge it on a Red card, Visa, etc, it doesn't have to be reported because the transaction is traceable, and that's what the IRS/fraud group wants to control.

I could find nothing on the sale of gift cards to be limited to $10,000/day unless they are purchased in cash:
___

The IRS has recently revised its Form 8300, which businesses must file within 15 business days of receiving over $10,000 in cash from a buyer in a single transaction or related transaction.

Form 8300 is a joint form issued by the IRS and the Financial Crimes Enforcement Network and is used by the government to combat money laundering and to track tax evaders and other criminals.
______ ___

If you USE gift cards in excess of $10,000 for one transaction, that would have to be reported. I think DCL would have to report it if you used $10,000 in gift cards for 'one transaction' and certainly a cruise could be considered one transaction, so if you plan to use more than $10,000 CASH (including gift cards) for your cruise, it might be reported, but not by Target but by DCL, the company that received the 'cash'.

Target may have set up all their rules based on the $10,000 limit, but it is not a limit imposed by the IRS.


Nancy

 

[bellaphia]

are you all buying GC for on board credits?? or to pay off your cruise? 2500. and such seems like a heck of an on board credit

 

[PrincessShmoo]

are you all buying GC for on board credits?? or to pay off your cruise? 2500. and such seems like a heck of an on board credit

Disney Gift cards can be used for both paying for the cruise as well as the onboard account.

 

[lealea42]

Anyone taking a transaction of $10,000 or more in CASH has to report it. It's not illegal to accept the cash, you just have to fill out paperwork. Retailers would not know how to do this, so they set limits well below that amount. Banks barely know how to do it! $10,000 is really such a small amount today compared to when the limit was set, but on the other hand not many people use cash anymore so even $1000 in cash seems like a lot.

It used to be that drug money was laundered through buying money orders. Gift cards are now in that stream, so merchants do worry about anyone buying large amounts of gift cards, especially Visa or MC cards.

Nancy

The only problem with that "money laundering" angle is that these funds are coming from a bank account. So any large deposits would have already been reported on a 8300 form to the IRS. It's when people use cash, money orders, gift cards, things like that with a combined total of 10k that would be cause for reporting via the form but not telling someone they can't buy it. I just think some Targets think they're "missing out" on these purchases, but how many of us buy other things there too? I know I spend on average $125 a week there. I love my Target, but some managers get a little lost, yes that's what I'll call it.

 

[gigi1313]

Tell me more about employee discount... My dd is thinking of applying to Target!

 

[jenf22]

I have a $5 off $75 coupon sitting in my wallet that expires soon. It says gift cards are not included. Does that include the Disney ones or just Target? I thought I read that the Disney ones were "Entertainment cards". Has anyone used one of these coupons?

 

[sunfun94]

Tell me more about employee discount... My dd is thinking of applying to Target!

Team members get a 10% discount on everything purchased at the store as well as through the website. In order to utilize this discount, you must pay in cash or acquire either a Credit Red Card or a Debit Red Card... the benefit to either card is the ability to not only receive your TM disc but another 5% on top of that...

I have a $5 off $75 coupon sitting in my wallet that expires soon. It says gift cards are not included. Does that include the Disney ones or just Target? I thought I read that the Disney ones were "Entertainment cards". Has anyone used one of these coupons?

Unfortunately, w/o seeing the coupon I can't say for certain, but the only thing I can offer is to try. Ask them to scan it.. the system will tell them outright if its ok or not. What can happen but the system says no or, you get 5 bucks off!!

 

[shopmom]

Has anybody in canada bought disney gift cards now that Target is open here ? Just wondering as I'm in the states next week and could buy the cards but if they are available at home would be easier to spread out purchases ? We have the red card as well .