The policy change will take effect after Target’s Circle Week sales event ends. Despite this shift, Target will continue to accept other payment methods, including cash, credit and debit cards, Target Circle Cards, digital wallets, SNAP/EBT cards, and buy now-pay later services.
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Target has taken various steps to inform customers of the upcoming change. The move is part of a broader effort by the retailer to cut costs amid rising theft issues. Recently, Target introduced a 10-item limit for self-checkout users and reduced the threshold for preventing theft from $100 to $50.
Target’s Chief Financial Officer, Michael Fiddelke, has previously noted that the company anticipates significant financial impacts from shoplifting, which is driving many of these operational adjustments.
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