topic Re: Use Chase Freedom to pay auto lease for cash back? in Credit Cards

Use Chase Freedom to pay auto lease for cash back?

MountainHiker — Fri, 05 Oct 2012 02:38:26 GMT

Are we Chase Freedom holders allowed to use our chase card to pay a car payment and gain points or cash back benefits?

Re: Use Chase Freedom to pay auto lease for cash back?

jsucool76 — Fri, 05 Oct 2012 02:41:03 GMT

MountainHiker wrote:
Are we Chase Freedom holders allowed to use our chase card to pay a car payment and gain points or cash back benefits?

The only issue I could see arising is, whoever you got the car from (and are making payments to) may charge a fee for using a credit card, and the fee usually outweighs the CB you would be getting.

Re: Use Chase Freedom to pay auto lease for cash back?

MountainHiker — Fri, 05 Oct 2012 03:40:49 GMT

jsucool76 wrote:
MountainHiker wrote:
Are we Chase Freedom holders allowed to use our chase card to pay a car payment and gain points or cash back benefits?
The only issue I could see arising is, whoever you got the car from (and are making payments to) may charge a fee for using a credit card, and the fee usually outweighs the CB you would be getting.

The fee is only $12. So the upside might be minimal in terms of of CB but the card usage would still be a plus.

Re: Use Chase Freedom to pay auto lease for cash back?

youngandcreditwrthy — Fri, 05 Oct 2012 15:24:05 GMT

OoooOooo If I ever get a lease I will do this for cashback. Lol

Re: Use Chase Freedom to pay auto lease for cash back?

jsucool76 — Fri, 05 Oct 2012 16:12:54 GMT

I pay my rent with a credit card, so IDK, should work. They charge a flat fee as opposed to a percentage. They charge a $10 convenience fee, so if I pay a couple months at a time, my rewards counteract the convenience fee, and I get a profit in rewards :D

Re: Use Chase Freedom to pay auto lease for cash back?

amac373 — Fri, 05 Oct 2012 16:15:29 GMT

I wish I could pay my auto loan with my CC. I have only seen the option to use my bank account but 1% back on a $250 payment wouldn't be worth the convenience fee I guess.

Re: Use Chase Freedom to pay auto lease for cash back?

MountainHiker — Fri, 05 Oct 2012 21:55:12 GMT

amac373 wrote:
I wish I could pay my auto loan with my CC. I have only seen the option to use my bank account but 1% back on a $250 payment wouldn't be worth the convenience fee I guess.

At this point I just want to use my card so chase will review my account for future CLI's.

Re: Use Chase Freedom to pay auto lease for cash back?

beautybrainsbooty — Sat, 06 Oct 2012 02:36:53 GMT

I use my card to pay any recurring monthly bill that allows me without penalty and then pay it off in full. I get lots of points and show high usage and extremely low balances. Maybe you could do this once or twice with your lease payment, rotate out pay some other bills (cable, rent) that don't charge a fee. Good luck!

Re: Use Chase Freedom to pay auto lease for cash back?

MountainHiker — Sat, 06 Oct 2012 03:22:23 GMT

beautybrainsbooty wrote:
I use my card to pay any recurring monthly bill that allows me without penalty and then pay it off in full. I get lots of points and show high usage and extremely low balances. Maybe you could do this once or twice with your lease payment, rotate out pay some other bills (cable, rent) that don't charge a fee. Good luck!

Great advice.No wonder I stick around here!