From: dan_j_roberts2001@yahoo.co.uk (dan)
Newsgroups: uk.finance
Subject: Re: Floor Limits
Date: 15 Apr 2004 12:00:45 -0700

marxpeterson@yahoo.com (Marx Peterson) wrote in message news:...
> dan_j_roberts2001@yahoo.co.uk (dan) wrote in message news:...
> > Can anyone advise what floor limits are set for the big supermarkets
> > and chains, such as Tesco, WH Smith etc and for which cards (Visa
> > Delta, Switch, Mastercard).
> > 
> > As a poor student I have found that Somerfield always authorises £20
> > debits, irrelevent of my balance.
> > 
> > In advance, many thanks
> > 
> > Dan
> 
> At my local supermarket I've notice that my Switch card is never
> authorised (I never spend more than £30) but my MasterCard is always
> authorised even if I spend only £2. I've always thought that
> Supermarkets probably keep a record of cards that go through their
> systems and only authorise them the first time it sees them, after
> that it will only authorise them if they've been previously declined.
> 
> Out of interest whats the point of a floor limit, why not authorise
> every transaction? Is there a fee for online authorisation?


I'm a skint student and need to raise some cash to pay for a holiday,
but my student loan comes in a few weeks so can repay than. Buy now,
pay later sort of thing, not that the bank will like it.

So anyone else know about floor limit figures?????