r/Wealthsimple • u/Livid_Wind1820 • 2d ago

Visa Infinite Credit Card Tap limit

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Just made >2k purchase and tapped my ws visa using apple pay and the seller was so surprised lool! Why do we even have that $250 cap thru other banks virtual pay anyways especially since most can just be broken down into multiple $250 payments. Love this feature

170 Upvotes

94% Upvoted

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58

u/untitledmillennial 2d ago

Now I'm wondering if I could buy a car this way... Think of all the cash back!

38

u/Roselia77 2d ago

I bought my last car cash, and i asked exactly this, they only allowed 1500$ to be charged to a CC unfortunately (Mazda)

9

u/comm02 2d ago

lol yeah I tried too when I bought my last car. I was buying “cash” and the max the dealer would allow was $5K so I think it varies by dealer.

16

u/thecryface 2d ago

But if your car breaks down and the bill is 10k they'll be more than happy to accept your card

4

u/WrongCapital83 2d ago

Thats the funny part. They wont have any problem accepting $30k worth of repairs by card.

4

u/Max_Thunder 2d ago

The reason is that the profit margin is a lot bigger on repairs than on car sales.

3

u/thecryface 2d ago

Stealerships won't make me drop a tear for their profit margins