Minimum Charge on Credit Cards


Consumers sometimes complain that stores have “minimum purchase” requirements in order to buy something with a credit card. In other words, can a merchant refuse to honor your credit unless you buy a minimum of $10 worth of their goods?

Yes, they can.  In 2010 it became legal for merchants to set a minimum purchase amount of $10.  This minimum amount is subject to review and increase by the Federal Reserve.   Before 2010, setting a minimum purchase requirement was in violation of a business’s merchant agreement with a credit card company, primarily Visa and MasterCard.