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  1. #1
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    Default Will dealership let me charge entire car purchase to credit card?

    Hey guys will a dealership let me charge a car on my Platinum card? If anyone is wondering, it will be around 15-20k
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  2. #2
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    You'll have to ask them. Most dealerships put a cap on how much they will allow to be charged to a card as they have to pay the interchange fee. Others may allow it if you agree to pay the interchange fee. I would guess though, that they will only allow up to $10K on a card.
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    Amex has (or at least used to) a new car model/dealer locator service that it claims can get you a lower price. If you use that, you probably would be able to charge more of the purchase to your card. However, I think the ideal scenario is to go in with your checkbook, no trade, no need of financing and just try to beat them down as much as you can in an all-cash deal; that is, if getting the best price is your primary goal.
    American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
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    FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
    Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

    *All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.
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    When I bought a new 2012 Honda recently I was thinking of charging it asked the dealer in Houston about paying with a card and they said Master Card, Visa, and Discover had a $3,000 limit, but you could charge the whole thing to an Amex if you want.
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  5. #5
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    Most dealership imposes a limit on credit card payment ($3,000 for example). Some will even asked you to pay the swipe fee (2 to 3%).

    Then there is the question of whether AMEX will allow you to charge $15,000+ on your Platinum without fuss.
    In My Wallet:
    Citi Forward (12/2010) | Citi TY Preferred (05/2011) | BofA Travel Rewards (07/2011) | Chase Freedom (11/2011)
    GECRB/PayPal (05/2012) | Discover it (07/2012) | US Bank Cash Reward (08/2012) | AMEX BCE (09/2012)
    Target (10/2012) | Chase Ink Classic (11/2012) | BofA Balance Rewards (04/2013)
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  6. #6
    Centurion Member DavidNY's Avatar
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    Quote Originally Posted by jeffysdad View Post
    I think the ideal scenario is to go in with your checkbook, no trade, no need of financing
    Sometimes financing will yield a better deal because some dealers get kickbacks from the creditor, just PIF ASAP.
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    From my personal experience, my local car dealers put a cap of $10k on me and I have a cent card. Now granted I never called Amex concierge before hand to ask them to intervene. It may be worth the effort next time. Call the concierge and let them know you want to charge the entire amount. They may make the call to the dealer for you and make it happen.

    Now, if I was buying a Bentley or something like that, they 'may' let me do the entire car... but then the vehicle costs so much and perhaps the dealership is willing to bite the 2% charge just to move a car.

    On vehicles where the profit is less (i.e. Merc, BMW, Audi, Lexus, etc...) they likely won't as the profit margins are so low a 2% swipe charge may make the sale worth nothing to them.
    Carpe diem quam minimum credula postero!
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    2%? Amex swipe fee is like 4-5% even on high volume stores. That's why a lot of places won't take it.

    Active Cards:
    Chase Freedom 10+10 Visa Signature ($7.5k Limit - 8/2012)
    Chase Sapphire Preferred ($5k Limit - 2/2013)
    Chase Ink Plus ($12k Limit - 2/2013)
    Discover IT ($5k Limit - 10/2012)
    AMEX Zync (No Pre-set Limit - 1/2010)
    AMEX Blue Cash Everyday ($12k Limit - 1/2013 - Backdate to 1/2010)
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  9. #9
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    Quote Originally Posted by kcarter609 View Post
    2%? Amex swipe fee is like 4-5% even on high volume stores. That's why a lot of places won't take it.
    Really, Seems a bit pricey, didn't realise my 2.75% deal with Amex was good lol
    Amex UK Platinum Charge Card
    Amex Blue Cash USA
    Amex US Gold Corporate Card
    World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)
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  10. #10
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    Quote Originally Posted by Reclusive46 View Post
    Really, Seems a bit pricey, didn't realise my 2.75% deal with Amex was good lol
    It's also the little fees that kill you. Not just the swipe percentage

    Active Cards:
    Chase Freedom 10+10 Visa Signature ($7.5k Limit - 8/2012)
    Chase Sapphire Preferred ($5k Limit - 2/2013)
    Chase Ink Plus ($12k Limit - 2/2013)
    Discover IT ($5k Limit - 10/2012)
    AMEX Zync (No Pre-set Limit - 1/2010)
    AMEX Blue Cash Everyday ($12k Limit - 1/2013 - Backdate to 1/2010)
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