- Platinum Member
- Posts: 60
- Joined: Wed Aug 29, 2012 11:19 am
- Location: Pittsburgh, PA
HotrodBill wrote:40 or 50 % interest would be considered usury, and why wouldn't you help a friend out so he can get the car finished. I'm sure the owner of the car wrote him a check and settled the bill. Who carries that much cash anyway? they probably didn't accept personal checks and he cashed in a whole bunch of Member Rewards points
They would have accepted a check and my buddy was going to pay them by check. Keep in mind they had his car for 18 months to work on it. If the check bounced, they had plenty of collateral.
They get hit up with the 2.5 % Amex merchant fee so they could have avoided that with a check.
I had him write me the check instead and I put it on my card for the points.
American Express: MB Platinum Card, Business Platinum, Business Gold, SPG, Hilton Surpass
Chase: Ink Plus, Ink Bold, Sapphire Preferred, United Mileage Plus, Marriott Premier
Citi: Executive AA World Elite MasterCard, AA Visa Signature, AA Business MasterCard
Barclays: US Airways World Elite, Arrival Card