Return to the Cars Forum | Post a Follow-Up

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

Posted by andrelaplume2 (My Page) on
Thu, Feb 3, 11 at 9:10

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?


Follow-Up Postings:

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

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.


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Cars Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here