Is it legal to for a retailer to have a minimum credit card purchase in Connecticut?
Yes, and it is not an uncommon practice in all states. There is no law that requires a retailer to accept credit cards either.
VISA and Mastercard, however, don't allow merchants to require minimum purchase amounts. It's in their agreement contracts.
While there is no law against buying lottery tickets with a credit card, most retailers will not accept them. This is because not everybody pays their credit card bills. If a retailer allows someone to purchase lottery tickets, this means the retailer is taking a huge risk by selling tickets to someone who might not pay for them at all.
A merchant can & will require a minimum purchase amount in some cases. The credit card company charges the merchant for each transaction. If a purchase does not exceed the amount they are being charged from the cc company, they can decline to process your card. Most merchants have a sign explaining their policy.
Typically 2-3% for mastercard and visa. I believe American Express is more. Texas Parks and Wildlife charges 2.25% extra to renew your boat registration online. I think that is to make up the credit card charge backs. ( on a $53 fee). I think creditors also have a minimum charge so that on small purchases ( < $1-4?) the retailer looses money when you use a credit card.
Since gambling is regulated by state law, the regulations in your state determine whether you can buy lottery tickets with plastic. In Connecticut, for example, you cannot buy tickets with a credit card. But you can use a gift card or debit card -- unless the specific retailer prohibits using debit.
Lender credit is generally defined as a financial organisation that provides credit for a consumer to buy specific goods and services. For example, you may want to buy a flat screen TV, but don't have the money for it. The retailer may have a relationship with a finance company who will give you credit in order to pay for the TV. You getting the TV on credit provided by a third party in specific relation…
No you don't need it. That is the normal way to add money to your account or you can purchase the PlayStation network card and this is quoted about the card from related link: "The PlayStation®Network Card (PSN Card) is a prepaid card that may be used to apply funds to a PlayStation®Wallet without using a credit card. Please visit your local authorized PlayStation®retailer to purchase the PSN Card."
You need at least a credit score of 660 to qualify for a home loan For a FHA refinance or purchase the minimum credit score is 620. There are some lenders that will go down to a 580 credit but it just depends on some other factors such as debt to income, loan to value, etc. Veronica Rodrigues Voyage Home Loans
Consumer consumption was encouraged by the extensive use of advertising and the use of and ndash a practice that allowed a product to be purchased using credit provided by the retailer.?
A credit note is issued instead of a refund in the case of the goods being faulty. If a customer buys something from a retailer, and the item is defective, they have the right to return it. However - they don't necessarily have to be given a refund. Many retailers simply issue a credit note for the value of the faulty goods. This means that the customer is 'tied' to the retailer - whether they…
Is it better to pay your credit card balance in full or make monthly payments more than the minimum?
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase…
Why does a retailer give the options of either a credit or debit charge when using debit card at time of purchase?
There are some people who prefer to use their debit cards with the credit feature. In some cases, it is safer to use the card as credit because one does not have to enter a PIN. Such places as gas stations and convenience stores are much safer this way, simply because scammers cannot use your card number for a debit card without a PIN.
Credit cards are tools to facilitate purchases without paying cash. However, some people are not able to use credit cards properly. In a way, it may seem to encourage overspending because you are not using cash for paying goods and services that you purchase. Also, the provision of paying only the minimum amount monthly may encourage people to purchase more. The key in order not to overspend is to have the right attitude. If you…
Money is an instant payment - once you've paid for something in currency - it's yours. A credit card is essentially a contract between you, the card company and the retailer. The card company pays the retailer on your behalf, and they recover the money from you - usually with interest added for the convenience.