Originally Posted by
anaggie
they always charge a transaction after a certain amount...for example:
1) Mercedes has a max limit of 10k
2) Ford/GM have a lower limit of 3.5 - 5k
so, it all depends on your delearship....I bought a used 350Z Nissan for 25k ...paid in full by CC (and it was a delearship from a old friend so they only charge me 0.05% but they charge others 1.2%).
.05%? That's so low, that I'm prone to believe you misplaced the decimal point.
There *are* no limits in place, other than what is specified in the merchant agreement between the dealer and the credit card company. That's like saying that what is true at one gas station, is the same at another. Most merchant agreements state that you can not have a minimum charge, and most don't limit a maximum. I'd point you to the other thread, as this is just a rehash of what has been pointed out there.