Pay off New Car w/Credit Card for Bonus Points????

andrelaplume2February 3, 2011

I was surprised when the finance dude (after trying to sell me all sorts of stuff and going over my loan) asked me if I wanted to pay the balance (after my loan) off right away (almost five thousand dollars). I said I did not have a check but the real reason was that I did not want to make my cash payment until the car was ready for delivery.

Anyway he said if I did not have a check I could put it on my charge to get the bonus 'points'.

Well I immediately had two thoughts:

1) Great idea so long as it does not take me above my credit limit. We'd pay the balace off in full anyway and I'd actually get some sort of cash back bonus. I thought I'd call the credit card company first to let them know an unusually large amount was about to appear and make sure I would not be over my limit or incur any weird fees.

2) I would have thought the auto dealer would frown on this since they have to pay fees for credit card transactions.

Thoughts?

Thank you for reporting this comment. Undo
jerry_nj

I agree with your questions about the dealer's motive. I am sure they would have to pay a fee to the credit card company, but maybe he thinks that's better than lose he sale due to the customer getting "cold feet" and backing out of the deal before writing a check.

    Bookmark   February 3, 2011 at 8:39PM
Sign Up to comment
More Discussions
Radio antenna badly bent at car wash
I know this is going to sound really stupid but what...
africanboy
car alarm going off at odd times
We have a Hyundai that suddenly decided the entire...
Chickey Wingz
1992 Chevy Truck 1500 running BAD!
About 2 1/2 years ago my truck was running bad, had...
arkansas_girl
dump my buick rendezvous?
Do you know the Buick Rendezvous? Mine has been outstanding...
handywidow
Warning:Quaker State Oil Filters
Better check your filters really close. I used to simply...
andyf
© 2015 Houzz Inc. Houzz® The new way to design your home™