Buying a house with a Credit Card?

[Scene]

While we are on the subject of charging exorbitant items to our credit cards, is it possible to buy a house with a credit card/charge card?

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Hello Scene,

I've split this off to start a new thread since you changed the subject. It gets confusing when people start answering different questions within the same thread. All I changed is the title. If you want to change it to some else just click on "Options" and then "Edit Message".

MarineVietVet, myFICO moderator

[CreditScholar]

Yes, we've done it before although it was quite awhile ago. We purchased 3 properties on an old Merrill Lynch card, but this must be going back 20 years or more. In total it was about $450k for the 3, all in the same day.

[DrJim]

I think you would be hard pressed to do that today/

Tried buying a car with a credit card and they said no, but they would take a check.  They said I could challenge the charge with my CCC and they would be out the money.  But if I wrote a bad check that would be a felony.  Seems the same would apply for a house.  YMMV.

[Creditaddict]

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@CreditScholar wrote:
Yes, we've done it before although it was quite awhile ago. We purchased 3 properties on an old Merrill Lynch card, but this must be going back 20 years or more. In total it was about $450k for the 3, all in the same day.

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Don't take this the wrong way but how would you put $450k on a Bank of America card, not sure who backed the card 20 years ago but especially 20 years ago not sure any Visa that would offer credit lines over $250k which I believe is Bank of America' current highest CL... Further more lookin at your signature line I don't see even over $20k?

[CreditScholar]

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@Creditaddict wrote:

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@CreditScholar wrote:
Yes, we've done it before although it was quite awhile ago. We purchased 3 properties on an old Merrill Lynch card, but this must be going back 20 years or more. In total it was about $450k for the 3, all in the same day.

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Don't take this the wrong way but how would you put $450k on a Bank of America card, not sure who backed the card 20 years ago but especially 20 years ago not sure any Visa that would offer credit lines over $250k which I believe is Bank of America' current highest CL... Further more lookin at your signature line I don't see even over $20k?

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The cards I have listed are my own personal ones, while what I was talking about was for the family business. We had a special arrangement with Merrill Lynch that was pre-arranged beforehand. When you're born into the 1%, a lot of the standard rules don't apply to you. Take that for what it's worth.

[Chris123nTx]

If you have about a 10k limit or so on a card, you could probably buy three or four houses in Detroit.

[ferrari]

lmao I live near Detroit I just saw a nice one for $7500 the other day

[LS2982]

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@Chris123nTx wrote:
If you have about a 10k limit or so on a card, you could probably buy three or four houses in Detroit.

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[Smug]

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@CreditScholar wrote:

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@Creditaddict wrote:

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@CreditScholar wrote:
Yes, we've done it before although it was quite awhile ago. We purchased 3 properties on an old Merrill Lynch card, but this must be going back 20 years or more. In total it was about $450k for the 3, all in the same day.

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Don't take this the wrong way but how would you put $450k on a Bank of America card, not sure who backed the card 20 years ago but especially 20 years ago not sure any Visa that would offer credit lines over $250k which I believe is Bank of America' current highest CL... Further more lookin at your signature line I don't see even over $20k?

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The cards I have listed are my own personal ones, while what I was talking about was for the family business. We had a special arrangement with Merrill Lynch that was pre-arranged beforehand. When you're born into the 1%, a lot of the standard rules don't apply to you. Take that for what it's worth.

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If you were Born into the 1 % you wouldn't beon FICO forurms.........👌👌👌💩

[Repo-ed]

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@Smug wrote:

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@CreditScholar wrote:

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@Creditaddict wrote:

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@CreditScholar wrote:
Yes, we've done it before although it was quite awhile ago. We purchased 3 properties on an old Merrill Lynch card, but this must be going back 20 years or more. In total it was about $450k for the 3, all in the same day.

---

Don't take this the wrong way but how would you put $450k on a Bank of America card, not sure who backed the card 20 years ago but especially 20 years ago not sure any Visa that would offer credit lines over $250k which I believe is Bank of America' current highest CL... Further more lookin at your signature line I don't see even over $20k?

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The cards I have listed are my own personal ones, while what I was talking about was for the family business. We had a special arrangement with Merrill Lynch that was pre-arranged beforehand. When you're born into the 1%, a lot of the standard rules don't apply to you. Take that for what it's worth.

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If you were Born into the 1 % you wouldn't beon FICO forurms.........👌👌👌💩

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You make a strong argument.

It's like hot chicks hanging out in chat rooms all day long, it just doesn't happen.