FastSRT8 wrote:Gents, the 'problem' with charging large amounts on these cards is that some merchants are CHEAP ASS bastards and won't let us charge past certain amounts as they have to pay the percentage cost.
To be honest, I have never used my card to buy an entire car. I hear from Amex you can buy never tried. Usually just pay by check. BUT.... hearing all this chatter about being able to, I wonder if I called Amex and said the dealer won't put more than $5k on the card for the car (Mercedes) if Amex can intervene and tell the pompous Merc guy to shove it and run the entire amount.
Anyone with any knowledge or first hand experience on this chime in?
Amex has never made their merchant policies very public but here is what I found for V/M/D
3.6 Minimum/Maximum Dollar Limits and Other Limits
You may not require that any Cardmember make a minimum dollar purchase in order to use a Card and, other than when we have not authorized a Cardmember’s transaction, you may not limit the maximum amount that a Cardmember may spend when using a Card.
9.12.3 Minimum/Maximum Transaction Amount Prohibited
A merchant must not require
, or post signs indicating that it requires, a minimum or maximum transaction amount to accept a valid MasterCard card.
As per page ten (10) of the "Rules for Visa Merchants: Card Acceptance and Chargeback Management Guidelines," the following Visa Rules are imposed on merchant conduct:
Dollar Minimums and Maximums - Always honor valid Visa cards, in your acceptance category, regardless of the dollar amount of the purchase. Imposing minimum or maximum purchase amounts is a violation.
Now, taking this all into account, car dealerships are crooks and typically get away with anything they please. If enough people file complaints and the dealers actually get fined, they can just stop taking credit cards altogether and go all cash and then nobody wins.