Originally Posted by
PointsGalore
I orderd a new car that will arrive in about two weeks. In preparation for payment I called Amex to be sure that they would back me up should there be a problem with paying in full with their credit card. What I was told surprised me and I wonder if I got the correct info. They said that if a maximum amount was set for all credit cards (Visa, MC, etc.) then they can set a maximum for Amex as well. Only if they allow full payment for the other cards do they have to allow full payment using Ames. Furthermore I was told that there are different merchant agreements with different vendors and some of these agreements allow for minimum/maximum payments. This is in direct contradiction to what I have been reading on this thread and I wonder if I have been given the correct information. Is there a particular Amex department that I should contact? A legal department? Any and all suggestions will be appreciated.
In post #47,
Ritz posted a link to the Amex agreement. Have you read it to see if the info therein coincides with your phone conversation?
https://www152.americanexpress.com/E...ne t&origin=6
(You might check for a date on the document to ensure the info is still current).
Also, there is the ever popular FT 'trick' of calling back and speaking with someone else to see if the info is consistent.
I will also be buying a car soon and have found this thread to be quite enlightening. I like the idea of arriving at the dealership armed with a letter from Visa (the best defense is a good offense!)
Does anyone have an opinion (oh, right, this is FT
) on what is an appropriate mark-up on a car... 'X' over invoice...
DD