CSP 40,000 points reward

**Nuan** · May 14, 13, 10:19 pm

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!

**gold-rick** · May 14, 13, 10:45 pm

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.

**mattymatt808** · May 14, 13, 11:19 pm

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.

**Nuan** · May 15, 13, 7:30 am

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.

**Sevenfeet** · May 15, 13, 9:13 am

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.

**nvtech** · May 15, 13, 10:28 am

Originally Posted by Nuan

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.

**websteth** · May 15, 13, 6:49 pm

I was able to do $5k on to my American Express. That was the max the dealer would allow down here in FL.

**KrazyNick** · May 15, 13, 6:56 pm

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!

**Nuan** · May 17, 13, 7:16 pm

Thanks for your input, folks. I will try to talk the dealership into swiping the CSP and update this thread in six weeks.

**nishant** · May 17, 13, 7:49 pm

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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CSP 40,000 points reward