Established Contributor
MountainHiker
Posts: 643
Registered: ‎08-07-2012
Use Chase Freedom to pay auto lease for cash back?

‎10-04-2012 07:38 PM

Are we Chase Freedom holders allowed to use our chase card to pay a car payment and gain points or cash back benefits?

EQ-732FICO,EX-PLUS 740,TU-725FICO
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NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
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Valued Contributor
jsucool76
Posts: 2,618
Registered: ‎12-11-2011
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-04-2012 07:41 PM

MountainHiker wrote:

Are we Chase Freedom holders allowed to use our chase card to pay a car payment and gain points or cash back benefits?

The only issue I could see arising is, whoever you got the car from (and are making payments to) may charge a fee for using a credit card, and the fee usually outweighs the CB you would be getting. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
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Established Contributor
MountainHiker
Posts: 643
Registered: ‎08-07-2012
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-04-2012 08:40 PM

jsucool76 wrote:
MountainHiker wrote:

Are we Chase Freedom holders allowed to use our chase card to pay a car payment and gain points or cash back benefits?

The only issue I could see arising is, whoever you got the car from (and are making payments to) may charge a fee for using a credit card, and the fee usually outweighs the CB you would be getting. 

The fee is only $12. So the upside might be minimal in terms of of CB but the card usage would still be a plus.

EQ-732FICO,EX-PLUS 740,TU-725FICO
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Valued Contributor
youngandcreditwrthy
Posts: 3,765
Registered: ‎08-16-2012
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-05-2012 08:24 AM

OoooOooo If I ever get a lease I will do this for cashback. Lol
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Valued Contributor
jsucool76
Posts: 2,618
Registered: ‎12-11-2011
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-05-2012 09:12 AM

I pay my rent with a credit card, so IDK, should work. They charge a flat fee as opposed to a percentage. They charge a $10 convenience fee, so if I pay a couple months at a time, my rewards counteract the convenience fee, and I get a profit in rewards :smileyvery-happy: 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
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Established Member
amac373
Posts: 29
Registered: ‎07-30-2012
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-05-2012 09:15 AM

I wish I could pay my auto loan with my CC. I have only seen the option to use my bank account but 1% back on a $250 payment wouldn't be worth the convenience fee I guess.

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Established Contributor
MountainHiker
Posts: 643
Registered: ‎08-07-2012
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-05-2012 02:55 PM

amac373 wrote:

I wish I could pay my auto loan with my CC. I have only seen the option to use my bank account but 1% back on a $250 payment wouldn't be worth the convenience fee I guess.

At this point I just want to use my card so chase will review my account for future CLI's.

EQ-732FICO,EX-PLUS 740,TU-725FICO
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Regular Contributor
beautybrainsbooty
Posts: 206
Registered: ‎08-02-2012
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-05-2012 07:36 PM

I use my card to pay any recurring monthly bill that allows me without penalty and then pay it off in full. I get lots of points and show high usage and extremely low balances. Maybe you could do this once or twice with your lease payment, rotate out pay some other bills (cable, rent) that don't charge a fee. Good luck!

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Established Contributor
MountainHiker
Posts: 643
Registered: ‎08-07-2012
Re: Use Chase Freedom to pay auto lease for cash back?

‎10-05-2012 08:22 PM

beautybrainsbooty wrote:

I use my card to pay any recurring monthly bill that allows me without penalty and then pay it off in full. I get lots of points and show high usage and extremely low balances. Maybe you could do this once or twice with your lease payment, rotate out pay some other bills (cable, rent) that don't charge a fee. Good luck!

Great advice.No wonder I stick around here!

EQ-732FICO,EX-PLUS 740,TU-725FICO
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