Question:
I am close to buy a new car using cash...but why can't I put it on my charge card to get the points?
Answers:
What happens if you break an auto lease?
I did it once and the dealer wasn't very happy, they have to pay a percentage of the purchase to the credit card company and that eats into their proffit.Yes, if you want the points, put it on your card and then pay it off immediately b/c of the interest rates that you typically get on credit cards. Wait until you save up the cash to pay it off. Sounds like a great way to get a lot of points and then pay the debt off as not to accrue interest.
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Thats good idea, your card will earn points and these points can be converted to gift or annual membership fee.PLease Tell me what u think ??
The important thing is you pay on time, so that no penalty charges will be slapped in your card.
What's the limit on your credit card? If it's high enough, I suppose you could charge a new car. Why not?
Because dealers will NOT allow you to charge entire amounts on credit cards.
What would you choose? as a new car?
Mainly because dealers are charged what's known as a 3% "merchant fee" by banks. Also because there's a chance for fraud. The most a dealer will let you is $5000 or less.
Can i give my car back i got it 2004 and now cant afford?
But most used car dealers will let you charge the entire amount. They don't mind the fees because they make so much money on used cars.
I want to get a 2007 grand prix but would you think the style for it will last?
Many dealers won't allow people to purchase a car with a credit card due to the processing fees, and due to the fact that many credit cards allow a return period, and some even require the merchant to extend warranty coverages.More Questions & Answers ...
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