How credit worthy are you? What is the total amount of credit you have, and how much is the maximum limit for one card that you have?
My max is 20 k for a GM Visa.
My max is 20 k for a GM Visa.
How much credit do you have (credit cards only)?
- Thread starter stinkynuts
- Start date
I had the same problem, my plan was to buy the car on my Visa get the Dividend dollars back and pay off the Visa using my line of credit...I also got capped at 3K...same make but my was a civic.Serpent said:Amex Gold - they tell me there is no pre-authorized spending limit. I tried to put a Accord DX on it (USD 16k) but the damn dealership would only accept 3k on a credit card...bastards, could have got made out on the membership points.
Wyman said:
What you do is when you are making the deal with the salesman and he needs to get the managers "approval" and comes back at a higher price, you counter with what you are willing to pay but in the bax where it says " Cash or certified Cheque Only" you write in or " Credit Card". Make sure all parties inital that change to the standard wording. If they want the deal they will take it.
I did that once years ago and when I came to pick up the car they asked for the cert cheque I plunked down the credit card, they said no way we don't want to pay the fee and besides it is " Cash or cert cheque only" ( with a smile , ok grin) I told them my signed contract was for credit card and if they didn't take it I was getting the names ofother people in the showroom as witnesses and my lawyer would contact them the next day for particulars. The business managers smile ( grin) faded.
They hated me but took the credit card, Never went to that dealer for service and oddly enough never got another car there.
Citibank - way too optomistic
Citibank just raised me to $100,000 on my platinum Mastercard - they must think I'm actually a doctorstinkynuts said:
I have one credit card with a $25,000 limit, from some years ago when I travelled in Africa for 4-6 weeks at a time. I never bothered to increase the limit, but found out I needed it when I went to the US for a medical test and was scheduled for surgery the next day. I came within $500 of the limit.
When I came back, I immidiately got the limit increased.
When I came back, I immidiately got the limit increased.
To my surprise, my RBC Visa (Platinum) is at $25K which is where it's been for at least 5 years now. Guess I don't charge enough to make it worthwhile raising the limit. The work card (AMEX) is theoretically unlimited. I've actually charged up to $70K on that card in one month so I know for a fact that if there is a limit, it's pretty high.
On a related note, how many of you don't pay the full amount every month? I always pay mine off so the banks never make any money off me.
On a related note, how many of you don't pay the full amount every month? I always pay mine off so the banks never make any money off me.
I bought a boat worth $65K on mine years ago. The merchant took the card for the $3K deposit, but refused to take the rest. The merchants agreement with AMEX (or any other card) doesn't allow them to refuse it. When I threatened to call AMEX, he offered a small discount, but I wanted the points (just under 100,000 points which at the time was 3 or 4 round trip flights to Vancouver) and the 30 days.Serpent said:
He ended up accepting it but wasn't happy. I had called AMEX ahead of time to make sure they would authorise it. All they asked was how I was going to pay it and I told them that I was going to pay it the same way I had every month for the previous 15 years... on time and in full. They just said fine...normally put $3-5K on per month, so it was a bit of a change
Always. If I'm tight that month (or just bought a boat!) I pay them off with a LOC which is really low interest... Credit card rates are ridiculous. I'm surprised they haven't been regulated.xarir said:
everywhere i go, people prefer cash. but i do have a $500 MC for emergencies. (i haven't used in 8 years)
So, the poor bastard who sold you the boat had to pay, what 2% of the 65,000 to Amex? That's $1300. LOL. No wonder he wasn't too happy.
I have reported every asshat to the appropriate agency that attempt to extort a different rate from me than what was on the price tag. If you take VISA, MC or AMEX, you take them. The merchant does get benefits from not having that cash on hand - it is a cost of doing business. Do not ever attempt to pass that on to me, or we will never do business again. That is a promise! One person alone cannot shut down a business, but if everyone treated these pricks the same way, they would realize the error of their ways.stinkynuts said:
In my case, I was just happy that i was getting a great deal on the car..i didn't pursue it further.Stoo said:I bought a boat worth $65K on mine years ago. The merchant took the card for the $3K deposit, but refused to take the rest. The merchants agreement with AMEX (or any other card) doesn't allow them to refuse it. When I threatened to call AMEX, he offered a small discount, but I wanted the points (just under 100,000 points which at the time was 3 or 4 round trip flights to Vancouver) and the 30 days.
He ended up accepting it but wasn't happy. I had called AMEX ahead of time to make sure they would authorise it. All they asked was how I was going to pay it and I told them that I was going to pay it the same way I had every month for the previous 15 years... on time and in full. They just said fine...normally put $3-5K on per month, so it was a bit of a change
Always. If I'm tight that month (or just bought a boat!) I pay them off with a LOC which is really low interest... Credit card rates are ridiculous. I'm surprised they haven't been regulated.
Hmm..so i could have complained to the card company, huh?
Credit limit is not directly related to salary or net worth. There's ways to build it up.stinkynuts said:
