Credit Cards

[TannerK]

Im so confused! lol

Just wanted to know if anyone has been able to charge a car in full or in part to their Amex.

[Open123]

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TannerK wrote:

Im so confused! lol

Just wanted to know if anyone has been able to charge a car in full or in part to their Amex.

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I never have, but I have known a few people who have charged new Ferraris on their Black cards.

[clocktick]

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TannerK wrote:

Thanks for the feedback everyone. This black card is, im sure, the only reason im allowed to test drive now. Several months ago I wasnt even allowed to test used 5K cars. Im looking into a new car but even a 5K deposit on the card helps with MR points. I love points

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Do you have to show your cards before they let you test drive any?  I mean, how do they know this early that you have the Black Card?

[OnTheRebound]

I didn't use Amex but I used Chase Visa to buy a $7K used truck from a local dealer. No problem with dealer or Chase. I timed the purchase one day after the statement cut so I had close to 60 days to pay in full, plus 1% cash back. I had the registration and Pink slip in hand long before I PIF. I wonder what would have happened if I had defaulted?

I realize you are talking a lot more than $7K.

[TannerK]

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OnTheRebound wrote:

I didn't use Amex but I used Chase Visa to buy a $7K used truck from a local dealer. No problem with dealer or Chase. I timed the purchase one day after the statement cut so I had close to 60 days to pay in full, plus 1% cash back. I had the registration and Pink slip in hand long before I PIF. I wonder what would have happened if I had defaulted?

I realize you are talking a lot more than $7K.

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Was it a small dealer or a large one? We have several dealers around. Trying to gauge which one I would have the best luck at.

[pakman92]

I have charged 20K+ (8 years ago) for a downpayment of a new Lexus RX300.  I called Amex ahead of time and got clearance.

[Creditaddict]

I have been told by a dealership they won't charge more than $5k on any credit card... I put the $5k on Amex Optima Platinum to hold car and look into finance.  I have also put $3k on a Chase Card many years ago.

I think it just depends where you live, how bad a dealership wants to sell a car and the ability of the buyer.  I don't think Visa/MC/Amex are opening a Merchant account for Beverly Hills Mercedes saying you can not charge more than $5k on a customers card to buy a car!  It's win win for everyone reallly!

The comment about fraud, not sure how that might end up happening unless the person actually duplicated the credit card... I mean you do have to register the card and have insurance etc. that's a lot of documents to match up. no?

[OnTheRebound]

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TannerK wrote:

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OnTheRebound wrote:

I didn't use Amex but I used Chase Visa to buy a $7K used truck from a local dealer. No problem with dealer or Chase. I timed the purchase one day after the statement cut so I had close to 60 days to pay in full, plus 1% cash back. I had the registration and Pink slip in hand long before I PIF. I wonder what would have happened if I had defaulted?

I realize you are talking a lot more than $7K.

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Was it a small dealer or a large one? We have several dealers around. Trying to gauge which one I would have the best luck at.

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Small local dealer. But I can't imagine anyone, large or small, turning down a sale, other than for other technical reasons, for a small percentage. Especially in times like this.

[pizzadude]

This has nothing to do with anything, but try saying "Charge Car on Charge Card" five times fast.....

[luvsandyshores]

Tanner, when I was much younger I worked as a cashier at a car dealer for a few weeks...just about the only thing I remember from working there was the guy who wanted to pay for his brand new Mercedes with his Amex.  I forget what the exact rules were, but I remember I was trying to explain to the salesman that I couldn't do that.  The manager came over and told me "Just do it.  This guy just won the lottery, he's good for it!"

  LOL!