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Car down payment with Amex CC?

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wai0405
Established Member

Re: Car down payment with Amex CC?

theres a pre approved limit thing in your amex online account

Amex BCE $15,900 | Amex Hilton $5,000 | Amex SimplyCash® Plus Business $15,000 | Bofa BBR $9,100 | Bofa Cash Reward $10,000 | Barclay Arrival $7,500 | Barclay CashForward $6,000 | CapitalOne Venture One $12,000 | Citi AAdvantage $8,500 | Citi TYP $9,700 | Chase Freedom $15,000 | Chase Marriott $10,000 | Discover It $12,000
Message 11 of 16
bobvette
Regular Contributor

Re: Car down payment with Amex CC?

I used my PRG to put $5,000.00 down, I tried to buy the whole car ($63,500.00) on it but they wouldn't let me Smiley Sad

BOA Cash Rewards $95,000, AMEX Delta Reserve $65,000 AMEX BCP $30,600 CSP $32,000 Pen Fed Plat Rewards $25,000 Citi Thank You Preferred $28,500 Chase Freedom $21,000
Delta CU $10,000 Cap 1 X 2 $7,500 Discover $18,000
HSN $1,700 Kohls $4,000 BBRZ $700

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Message 12 of 16
MyLoFICO
Valued Contributor

Re: Car down payment with Amex CC?

When I bought my daughters car I put 4k on one of my cards. First I asked the guy if they took hot checks and he said "We sure d..wait what?" lol. The look on his face was priceless. He scrutinized the card and transaction pretty good before giving me the keys. 


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 13 of 16
Berk
Established Contributor

Re: Car down payment with Amex CC?

I tried to put the entire cost of a new car on my Amex card just for the points. Was told that it was illegal in the state where I was purchasing the car. Ended up just writing out a check instead. All those points gone! I still haven't gotten over it.

Message 14 of 16
MTSN
Regular Contributor

Re: Car down payment with Amex CC?

I actually bought a $22.5k car entirely on my card - negotiated the price to where it was a great deal then at the last minute said my only remaining condition was I wanted to pay with my Chase SW card. They initially said no, so I left and they called and said they would do it and waive the fee. I think it's always a good idea to put as much on your card as possible as long as you have the cash to turn around and pay it off. I actually made the full payment to my Chase card while I still sitting in the dealership. 

Message 15 of 16
Anonymous
Not applicable

Re: Car down payment with Amex CC?

Just put 3600 on my Hilton but have a BT set up for my BOA Travel card so it will be paid in a couple of days.  I always use them for larger purchases.  Venture also.  

Message 16 of 16
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