Credit Card Forum
  1. #1
    stephejo
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    Default Paying car lease with credit card, ideally American Express?

    I want to pay my car lease by credit card auto payment each month to rack up more miles on my AMEX Delta Reserve card. BMW will not allow credit card auto payment of lease payments, only bank accounts.

    I would choose the make of my next lease based on this ONE CRITERION.

    Does anyone know any??

    Thanks!

    John
    (new member-- I did a search for the answer here first)
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    Reply With Quote Reply With Quote     May 21, 11, 10:25 am
  2. #2
    NYC_Dweller
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    I know BMW, Mercedez and Infiniti require bank account payments only (this is after down payments and deposits). I am not sure about other car manufactures since I don't have personal experiences with them. However, I am pretty sure they will all require a payment form that is linked to your banking account. This is from a financing experience and not leasing.
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    Reply With Quote Reply With Quote     May 24, 11, 1:04 pm
  3. #3
    jeffysdad
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    You aren't going to find any dealer/manufacturer willing to debit your credit card for lease payments. Doing so would cost them at least $300/year in interchange and other CC-related fees, and that's based on a relatively modest three-year lease, by my calculations.
    CARDS (and why)
    FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
    Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
    CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
    Amex: Blue Cash Everyday (not in use)
    Discover: More (only for 5% reward categories)
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    Reply With Quote Reply With Quote     May 24, 11, 1:17 pm
  4. #4
    danpass
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    like you, I'm trying to get everything onto my AMEX, essentially using it as a delayed debit card while racking up points.
    (I'd been using my Paypal debit a lot for years now).


    So far the car insurance will take VMC but not AMEX and the student loans only do ACH. But everything else I had on debit is good to go lol
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    Reply With Quote Reply With Quote     May 25, 11, 11:21 am
  5. #5
    MFR
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    There is a company called 'Charge Smart' where you can pay your car lease or loan using credit cards from Visa, Mastercard and Discover but no American Express.

    (I'm copy and pasting here) Mercedes, BMW, Harley Davidson, Mitsubishi, Nissan, Toyota, Lexus, Honda, Ford, GM, Hyundai, Chrysler, Volkswagen, Volvo and most private lenders like Bank of America, Citifinancial Auto Lending, Wells Fargo, Chase Auto Lease and more.

    There is a fee for the service though that varies by company. That means your rewards might be a wash.
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    Reply With Quote Reply With Quote     May 26, 11, 8:52 am
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