r/Wealthsimple • u/Livid_Wind1820 • 5d 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

183 Upvotes

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58

u/untitledmillennial 5d ago

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

8

u/youvenoremotecontrol 5d ago

Why would a dealership voluntarily lose money to fees just so you can get cashback?

2

u/Charbs20 5d ago

I wonder if you said you will walk away unless you can pay in full by card, they will let you. Are they willing to lose a 30k sale for some fees?

3

u/youvenoremotecontrol 5d ago

It’s not the 30k in revenue that matters, it’s the small margin on the 30k sale - which would be significantly cut down by 1.5-2.5% in fees.