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  1. #1
    Green Member
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    Default CSP 40,000 points reward

    I was recently approved for a Chase Sapphire Preferred with a 7,000 credit limit. I happen to need to pay for a vehicle in six weeks when the car is delivered to the local dealer. My question is, can I ask the dealer to swipe, say 6,000, from the CSP? Therefore I can easily spend 3,000 in the first three months and claim the 40,000 points reward. I am a bit worried that Chase might deem this as credit card abuse. Will they? Any idea? Thanks!
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  2. #2
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    Chase won't have any problems with it, the question is will the dealership swipe for $6k? When I bought my car I wanted to put around 5k on my Chase Freedom for points and the most they would swipe was 1k. I guess it just varies from dealer to dealer.
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  3. #3
    Platinum Member
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    Because of swipe fees, the dealership most likely won't accept it or will charge you a 1-3% fee for using a credit card.
    $2500 First Hawaiian Bank (6/10)
    $4500 CHASE Freedom (2/13)
    $3500 Citi Forward (2/13)
    $2000 Discover it (2/13)
    $9600 AMEX BCE (3/13)
    $10000 CHASE Sapphire Preferred (7/13)
    $5000 CHASE Ink Plus (8/13)
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  4. Green Member
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    Default

    Thanks. I forgot about the credit card transaction fee that dealers need to pay to the credit card issuers. Although they are less likely to swipe the amount I want or simply won't do it at all, I guess it won't hurt to ask.
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  5. #5
    Centurion Member
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    Anything that costs the dealership money (like credit card fees) is probably something they don't want to do in most cases. Some dealerships will take credit cards for either a nominal down payment or to finalize a car that was custom ordered...mostly just to close the sale. The rest of the balance is paid in cash by either lease or payment terms (plus interest), or of course, real cash.
    Cards:
    American Express Platinum (NPSL)
    Penfed Platinum Reward Visa ($28K)
    Chase Freedom Visa ($25K)
    Fidelity American Express ($20K)
    American Express Blue Cash Preferred ($20K)
    Bank of America Cash Rewards MasterCard ($20K)
    Citi Thank You Preferred Visa ($9.5K)
    Chase Sapphire Preferred ($7.5K)
    US Bank Cash + Visa Signature ($7K)
    Discover IT ($4K)
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  6. #6
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    Quote Originally Posted by Nuan View Post
    Thanks. I forgot about the credit card transaction fee that dealers need to pay to the credit card issuers. Although they are less likely to swipe the amount I want or simply won't do it at all, I guess it won't hurt to ask.
    In my last car buying, I went with a big dealer in town and after all final negotiations, when I told them that I would pay with a credit card, they told the max I can put down is 5k. So it all depends on where you are buying also.
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  7. #7
    Centurion Member
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    I was able to do $5k on to my American Express. That was the max the dealer would allow down here in FL.
    American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
    Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
    Chase: Sapphire Preferred Visa Signature, Freedom Visa
    Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
    Bank of America Virgin Atlantic World Elite MasterCard
    Discover: Discover it
    Other:Macy's Star Rewards, Target REDCard
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  8. Platinum Member
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    Let us know if it works! I think that's a great idea to get the 40k points! My dealership wouldn't accept credit cards except for custom add on accessories!
    Bank of America Travel Rewards Visa Signature - 5k (2/10)
    Capital One Mastercard- 2.5k (1/11)
    Chase Freedom- 5k (4/11)
    Discover It- 3k (5/11)
    Chase Amazon Visa- 2k (5/13)
    American Express Blue Cash Everyday- 8k (5/13)

    Bank of America WorldPoints Rewards for Business- 18k (11/11)
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  9. #9
    Green Member
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    Thanks for your input, folks. I will try to talk the dealership into swiping the CSP and update this thread in six weeks.
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  10. #10
    Centurion Member
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    Chicago
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    You can try giving 3 options to dealer
    1) Accept Chase Sapphire Preferred.
    2) If not acceptable, give you additional 1.5 % discount.
    (Of course, you can redeem 40,000 pointsto $400 cash from the sign in bonus)
    3) You walk away without buying car
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