I own a business, and the rate I pay to accept credit cards is determine buy the Merchant Processor, Type of card, and My average transaction amount. Here is a website to give you a idea what rates are.
http://www.infomerchant.net/creditca...rocessors.html
Also I have a merchant agreement with Visa/Mastercard/Amex and Discover and I
CANNOT discriminate against a customer on what type of card they want to use or how much money they want to charge.
And i'ts not in the dealerships best interest to allow you to use your credit card to pay off the entire car purchase and let me tell you why!
Example: You negotiate a really good deal, dealership runs your credit score and it's fantastic 750 +, they are willing to sell the car to you below sticker,
WHY?, because they are hoping to finance you car! When they finance your car they make additional money, they have prenegotiated interest rates with finance companies such as Citibank, BofA, Chase, Etc.
The dealership buys the interest rate at say 5.4% and sells it to you for 5.9% netting them .5% on the total transaction up front, and If you payoff the loan within the first or second payment the dealership will have to refund the .5% back to the loan company. So why would they just let you pay for the car with a credit card, it isn't in there best interest. Although technically, if you push the issue about taking the credit card they really don't have a choice!
