Down Payment on CC?

[bahbahd]

Is it a bad idea to put a down payment on a credit card? I'm talking about $4500 on a $5k limit card. I would wait till just after the $0 balance reports, buy the car, make a payment for half the amount nearly immediately, then pay off the last half less than a month later, probably before the card even reports a balance. 0% APR right now anyway. There is the bonus of getting the points too. 

I've put $1,500 on an AMEX for a car before, but that was only a small part of the down payment.

[sccredit]

I bought a truck once, $6,000 down on my American Express card.  Finance guy said it was the fastest he had ever seen a chanrge go through.  Got my points and paid it off a couple days after it posted to the account. 

The down side is I got a FR a few weeks later, wasn't an issue (was before the tax transcript requests, I had to send in bank statements to pass) but they told me at the time it was the trigger.

[Jutz]

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@sccredit wrote:

I bought a truck once, $6,000 down on my American Express card.  Finance guy said it was the fastest he had ever seen a chanrge go through.  Got my points and paid it off a couple days after it posted to the account. 

The down side is I got a FR a few weeks later, wasn't an issue (was before the tax transcript requests, I had to send in bank statements to pass) but they told me at the time it was the trigger.

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Well, we know one way to trigger a FR!

As long as it's getting paid, especially if it's before the statement cuts, I don't see the issue.  You're using the card for its purpose.

[maiden_girl]

LEARNED SOMETHING NEW! I should have done this! I didn't think they did that! Lol.