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Q: Down payment on Truck using American Express. ( No Answer,   1 Comment )
Subject: Down payment on Truck using American Express.
Category: Business and Money > Finance
Asked by: mylordchief-ga
List Price: $10.00
Posted: 10 Sep 2005 13:44 PDT
Expires: 10 Oct 2005 13:44 PDT
Question ID: 566537
Can you make a down payment on a truck using an american express? Are
you limited to the cash adavance amount on a card or the credit limit?
I want to put 10K down on a truck. I have 3400 in cash adavance and
17,100 of credit limit. I also wanted to do this because my American
express has 0% APR for the first year of purchases.

Request for Question Clarification by sublime1-ga on 10 Sep 2005 14:12 PDT

One of the latest tricks is to use a credit card to pay
for the down payment of a vehicle, in order to earn 
flyer miles, as noted in this article at

"One favorite mile collection strategy is to charge the
 down payment on a car. However, some car dealers now
 impose a surcharge of between $75 and $100 for using
 a credit card."

So you'd need to beware of that surcharge.

But, unless things have changed:

"All purchases on your AMEX card must be paid at the end
 of the month. No exceptions!"

Are you sure that's what you want to do?
Does this answer your question, or is there more you need
to know?

There is no answer at this time.

Subject: Re: Down payment on Truck using American Express.
From: philnj-ga on 12 Sep 2005 14:07 PDT
Ask the dealer.  I put a $2k down on a car with my AMEX four years
ago.  I remember a discussion about people wanting to charge cars on
their cards, but I don't remember the details.

The dealer has a very specific agreement with American Express that
covers fees and other rules.  They will certainly let you know what
they are willing to do.

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