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Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012
0

Re: gonna put 45k on a credit card!

[ Edited ]

I put the down payment for my car on my Discover.  The dealer didn't make a peep and I got cash back.  In hindsight, I should have put even more on the card at 0% and taken out a smaller loan.

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: gonna put 45k on a credit card!


dialect wrote:

if your palladium is at 25k, doesn't that mean you need to pay off 20k in one month? and then 25k with 0% for 15 months?


A Palladium card's flexible spending limit is 300% the credit limit, he can charge $75,000


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
swpopham
Posts: 554
Registered: ‎06-02-2012
0

Re: gonna put 45k on a credit card!

We are going to use the ink card. Its a business expense and I dont want to take the chance of mixing business and personal together. I talked to our CPA, and chase. They both agree that it would be better to seperate. I was just going to use that purchase to up our PD limit but the CPC banker said dont worry they factor your other chase accounts in to everything. I was joking to the wife to bad car dealerships or service work didnt fall on a 5% category but they are capped anyways

"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Senior Contributor
jsucool76
Posts: 3,666
Registered: ‎12-11-2011
0

Re: gonna put 45k on a credit card!

The flexible spend limit is the NPSL option that comes with a visa siggy (or world mc), usually anything over your limit must be PIF by the due date.
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HiLine
Posts: 3,088
Registered: ‎10-19-2012
0

Re: gonna put 45k on a credit card!

Any idea for the reason the car dealership didn't charge you an extra 2% or so for credit card fees? It's a huge chunk of their profits that's being shaved off. Does their car dealership have a special deal with credit card companies or something? It's OK if you didn't ask, just wondering...

Established Contributor
swpopham
Posts: 554
Registered: ‎06-02-2012
0

Re: gonna put 45k on a credit card!

Didn't ask about special deals they had for processing. I found the 2013 tundra crew max platinum 4x4 non flex fuel. That ive been looking at. When he asked about financing, i said im not worried about that, i can write a check or use a CC. He looked and said it will work for that???? Said yep it better or we will have problems. Just webt back and used ink. No problems signed the paperwork and as i left i get a text from chase saying a large purchase for 45,467 just processed reply with 1 if you did this or authorized it or 2 to decline
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Contributor
firesoul453
Posts: 150
Registered: ‎08-24-2012
0

Re: gonna put 45k on a credit card!

Thats awesome! I wish I could do that!

 

Does the Pallaidum even offer cash back though?

My ultimate credit wish,
a JP Morgan Palladium card
Established Contributor
shakalaka
Posts: 567
Registered: ‎09-10-2012
0

Re: gonna put 45k on a credit card!


swpopham wrote:
Didn't ask about special deals they had for processing. I found the 2013 tundra crew max platinum 4x4 non flex fuel. That ive been looking at. When he asked about financing, i said im not worried about that, i can write a check or use a CC. He looked and said it will work for that???? Said yep it better or we will have problems. Just webt back and used ink. No problems signed the paperwork and as i left i get a text from chase saying a large purchase for 45,467 just processed reply with 1 if you did this or authorized it or 2 to decline

Really nice. Text 1 and we approve 45k for your car.

 

Have fun with you new car/truck.

 


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (24,800) | Discover IT (12,700) | Chase Freedom (6,300) | Walmart (4,500) | CapOne (4.000) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 758 (10/12) EQ 724 (10/22) EX 748 (12/5)

Established Contributor
swpopham
Posts: 554
Registered: ‎06-02-2012
0

Re: gonna put 45k on a credit card!

Yes the pd earns points just like the select. Its a business expense had nothing to do about my credit. We all know my wife kills me score wise
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
New Contributor
mrcrush20
Posts: 113
Registered: ‎05-06-2012
0

Re: gonna put 45k on a credit card!

[ Edited ]

I am sure the dealership is making what they consider to be fair enough and still cover the 2 %... In reality you may be shooting your self in the foot for the rewards... By paying more then for the truck to cover the 2%..

 

I have would consider a good deal, invoice(dealer flooring amount) - rebates( public incentives) - hold back(dealer incentives)- retro bonus (factory bonus kick back to dealer).. And then if you are being allowed to charge the amount to a card at that time WOW.

The way I see this is robbing Pater to pay Paul

 

 

What ever the case, you must like the deal and truck to be buying it so MY opinion does not matter

 

 

CONGRATS that's a BAD A** truck and I am very jealous 

 

 

 







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