Whats your Amex purchasing power?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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irvine801
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Postby irvine801 » Fri Aug 24, 2012 12:37 am

I'm pretty sure he could a ferrari. Maybe a lambo for sure. :) ps srt, did you charge Everytime on your srt8 with ur centurion?
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agp
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Postby agp » Fri Aug 24, 2012 7:47 am

I don't have a charge card :( I have a BCE that can buy me a cheap Jeep though with one swipe lol.

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Crashem
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Postby Crashem » Fri Aug 24, 2012 9:11 am

As FYI, charge card npsl limits have nothing to do with the type of card. Someone with a zync can easily have higher limit than centurion card. They all use same model. Obviously someone needs to spend to get centurion so likely have higher npsl. However I was at dinner where guys centurion got denied. Embarrassing.
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FastSRT8
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Postby FastSRT8 » Fri Aug 24, 2012 10:27 am

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?
Carpe diem quam minimum credula postero!

SignHere
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Postby SignHere » Fri Aug 24, 2012 10:57 am

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

Discover:
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.

From Mastercard:
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.
Visa:
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.
Amex PR Gold - NPSL (Daily) [8/2012]
Amex Zync - NPSL (Ex-Daily) [10/2010]
Amex BCE - 19.2k [8/2012]
Chase Freedom Visa - 5k [8/2012]
PSECU Visa/PSL - 20k [9/2012]

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Fri Aug 24, 2012 3:42 pm

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?


Talk with the owner of the dealership, and negotiate the price of the car 5%, less, then haggle the 5% AmEx fee. It's that 5% that stops the dealership from not wanting to take the card. That's a lot of money when you are dealing in the thousands. I would do it for the MR points.
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jlam572
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Postby jlam572 » Fri Aug 24, 2012 6:48 pm

Id just go to another dealership...in honolulu, BMW and Benz are right across the street from each other...lol Id even J walk too.
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FastSRT8
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Postby FastSRT8 » Sat Aug 25, 2012 7:15 pm

Hmmmmm maybe ill have to Pitt one dealer against another
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gkgk11
 
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Postby gkgk11 » Tue Aug 28, 2012 4:58 am

200k on my plum, feels like almost nothing on my personal cards (less than 5k).

jlam572
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Postby jlam572 » Wed Aug 29, 2012 1:43 am

FastSRT8 wrote:Hmmmmm maybe ill have to Pitt one dealer against another


Nothing pisses off a benz dealer more and makes them try harder than test driving a E63 while holding a M5 catalog from across the street lol.
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