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Originally Posted by northerncalguy
As the dealer about using my credit card for the down payment...he said only up to 1.5k, nothing more....Apparently credit card companies are getting pissed that people are attaining those reward points/miles by making large purchases on their CCs.
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not exacly:
They set a limit of 1-2 K on credit card not because of the reward but
because the dealer is not willing to pay 3% to the CC company for
the full price of the car.
They are willing to pay the 3% on the downpayment in order to get
your business immediatelly (what if they ask you for a cashier check
for the deposit that you, of course, don't have on you, and you don't
came back ?)
My dealer accepted my VISA for 1,000 deposit but
when I picked up the car (1 month later) no charge was ever done
on the card and they asked me to pay the full amount with a cashier
check. They didn't even accept my personal check.
I asked to pay the full amount with VISA (I get 1% back) but they
(not VISA) refused because of the commission VISA is asking them ...
fdc