Question : Can a merchant limit the amount I charge to my credit card in one transaction?
I have the cash to buy a new car, but want to put it on my credit card for rewards. The dealership says it will only allow me to put up to $5,000 on my card. My credit limit is $30,000. Can the dealership do this?
- asked by n l
All Answers:
Answer #1
The dealership has limits as to how much they canaccept on a card, imposed by their bank. So, yesthey can. Think about this...you buy a car, chargeit to your credit card, and then dispute thecharges once you recieve the title. That's a hugerisk that their bank is not willing to take and ifyou were the bank then you'd want to reduce yourexposure to risk as well. Maybe you can use one ofthe checks that your credit card mails you andstill get your rewards?
- answered by macaca
Answer #2
no the only one that can do that kind ofrestriction is your card issuing company..soundslike they want you to finance with them...theymake no money if you charge it..but they pay touse the credit card every time someone chargessomething they pay a fee to be allowed to acceptthat card...tell them you will go elsewhere andactually leave....
- answered by bailie28
Answer #3
I'm not sure about this one, contact the bank andsee what they say.
- answered by DAS
Answer #4
Yes, they can. They are not even required to letyou use a credit card, let alone let you put itall on the card.You can offer to walk out the doorand go to a different company. Since it will costthem less than 1000 to process the card they maychange their mind.
- answered by its_me_anji
Answer #5
lol A merchant can limit it. It is theirbusiness. They can do what they want includingrefusing yoiur serviceNow get out of my store NOW
- answered by americanfreeman
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