Many shops say they won’t accept credit cards unless a customer makes a minimum purchase. If it’s really important, you might want to check with the store’s manager, though, because you may be able to get around the policy. Here’s why.
Photo by szlea.
According to finance blog Credit Card Outlaw, businesses that accept Visa and Mastercard aren’t allowed to set minimum-purchase policies (these credit card companies strictly forbid it). American Express allows it, but doesn’t encourage the practice in order to keep customers happy. Since businesses incur a fee for every charge made by a customer, however, it’s not surprising they want to try and offset that expense or pass it on to the customer.
Now, you probably don’t want to run to a manager, guns blazing and demand they let you charge whatever you want or you’ll narc them out to the credit card company. (You could, but it’s probably not going to be the most successful route.) Instead, let them know you want to shop there, understand their position about credit card fees and ask if there are any other options. The manager may “waive” the policy in order to keep your business.
While it might be tempting to whip out some cash for your purchase, Credit Card Outlaw recommends you resist the urge:
If you get cash back rewards or air miles when you make everyday purchases, you should be adamant about using your card everywhere you go. Plus, using a credit card provides additional warranty protection in many cases and provides greater protection against fraud.
How often do you encounter a minimum-purchase policy when trying to use your credit card? Do you ever ask businesses to reconsider? Share your experiences in the comments.
Don’t Get Intimidated By “Credit Card Minimum Purchases” [Credit Card Outlaw]