10-22-2012 09:57 AM - edited 10-22-2012 10:00 AM
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.
10-22-2012 10:00 AM
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
10-22-2012 10:04 AM
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
10-22-2012 11:13 AM
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...
10-22-2012 11:21 AM
10-22-2012 12:14 PM
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.
10-22-2012 12:18 PM
10-22-2012 01:01 PM - edited 10-22-2012 01:06 PM
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
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO