ctnz71 All American 7207 Posts user info edit post |
Can you pay a vehicle off with a credit card? 2/22/2012 9:30:25 PM |
DivaBaby19 Davidbaby19 45208 Posts user info edit post |
ask Madea your querstion
I'm sure you can though 2/22/2012 9:31:18 PM |
bmel l3md 11149 Posts user info edit post |
why would you? 2/22/2012 9:31:47 PM |
ctnz71 All American 7207 Posts user info edit post |
Lol what up girl
^pointzzzz
[Edited on February 22, 2012 at 9:32 PM. Reason : Z] 2/22/2012 9:32:03 PM |
Slave Famous Become Wrath 34079 Posts user info edit post |
Jesus I hope that was a typo and you weren't trying to be some faggot Megan Mulally. 2/22/2012 9:32:21 PM |
DivaBaby19 Davidbaby19 45208 Posts user info edit post |
not much...trying to not get shot in my hood 2/22/2012 9:32:53 PM |
BobbyDigital Thots and Prayers 41777 Posts user info edit post |
you can if they send you those checks that you can write against your credit card.
one might want to do this if they have enough cash to pay off the vehicle, and have a rewards card.
use the check, get the points, send the cash to the credit card company, $profit. 2/22/2012 9:33:27 PM |
ctnz71 All American 7207 Posts user info edit post |
Thats my intent. I have two to pay off that would result in $600-$700 worth of travel (hotels, flights, rental cars etc) 2/22/2012 9:43:34 PM |
DivaBaby19 Davidbaby19 45208 Posts user info edit post |
where we going? 2/22/2012 9:44:17 PM |
rtc407 All American 6217 Posts user info edit post |
Check your fine print, my citi rewards card says that the checks do not count for rewards 2/22/2012 9:46:47 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
Depends on the dealership.
If they are a dealership that makes most of their money on interest, then letting you pay the amount in full would not benefit them. Not only that, but the credit card fees are most likely hundreds of dollars.
However, if you (stupidly) bought your car brand new, with a huge mark-up, from some fancy official dealership, I'm sure they'd take your money in a heartbeat. 2/22/2012 10:02:21 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
How much do you owe? 2/22/2012 10:03:26 PM |
dweedle All American 77386 Posts user info edit post |
I made a car payment on my MasterCard w/o issue (online payment) 2/22/2012 10:03:44 PM |
slappy1 All American 2303 Posts user info edit post |
This is an interesting idea, I always assumed you couldnt make payments with a CC but I guess I've never looked into it. 2/22/2012 11:54:46 PM |
settledown Suspended 11583 Posts user info edit post |
aren't the checks subject to the cash advance rate and potentially a fee? be careful, son 2/23/2012 6:07:02 AM |
ctnz71 All American 7207 Posts user info edit post |
CC company said just as long as the finance company takes CC then all points apply etc. 2/23/2012 9:10:23 AM |
settledown Suspended 11583 Posts user info edit post |
I can tell you're going to fuck this up 2/23/2012 9:16:01 AM |
ctnz71 All American 7207 Posts user info edit post |
How so? I pay vendors with it. 2/23/2012 9:23:24 AM |
BobbyDigital Thots and Prayers 41777 Posts user info edit post |
^^^^
yeah, definitely check on this. Banks have closed a lot of loopholes that allowed you to generate points. I used to get free flights and other shit by doing all sorts of things with credit cards and points back in the day. but then it became too cumbersome.
[Edited on February 23, 2012 at 9:26 AM. Reason : .] 2/23/2012 9:26:23 AM |
Str8BacardiL ************ 41752 Posts user info edit post |
2/23/2012 10:00:33 AM |
FenderFreek All American 2805 Posts user info edit post |
If you can't pay directly, use your card w/ Paypal to send the money to someone you know as a "gift". No fees, and they just give you the cash to go deposit and pay away. 2/23/2012 10:16:01 AM |
Str8BacardiL ************ 41752 Posts user info edit post |
^ THATS MY WAY OF STICKING IT TO THE MAN 2/23/2012 10:25:31 AM |
ctnz71 All American 7207 Posts user info edit post |
Dave Ramsey Plan has been initiated 2/23/2012 10:51:13 AM |
slappy1 All American 2303 Posts user info edit post |
^^^wait, what? 2/23/2012 11:09:11 AM |
jbrick83 All American 23447 Posts user info edit post |
I wish I could pay off my mortgage with a credit card. I'd have like 2 free ipads right now. 2/23/2012 11:11:47 AM |
dinoantncsu Collector of Gnomes 422 Posts user info edit post |
Usually the dealerships will only allow you to put a certain amount on your card when you buy the car, like 3-5k. They have to pay 1-2% processing fee for it I believe. 2/23/2012 4:31:35 PM |
Noen All American 31346 Posts user info edit post |
This is a really bad idea.
Damn near every CC charges at LEAST a 3% fee for "Cash Advance" checks and balance transfer checks. Not interest, a straight up fee.
Considering how few cards offer more than a 1% Cashback/Points reward on general purchases, and even fewer will count cash advances or balance transfers towards rewards, it's usually a bigtime losing proposition. 2/23/2012 5:17:10 PM |
settledown Suspended 11583 Posts user info edit post |
I can tell he's going to fuck this up 2/23/2012 5:23:28 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
The person who never loses in the three ring circus (you/the dealer/credit card company) is the credit card company.
Remember that. 2/23/2012 5:31:02 PM |
PrufrockNCSU All American 24415 Posts user info edit post |
It's a good thing that a payment to a dealership is neither a cash advance nor a balance transfer.
Retardedness ITT.
[Edited on February 23, 2012 at 6:19 PM. Reason : ] 2/23/2012 6:15:06 PM |
mikey99cobra All American 1138 Posts user info edit post |
I don't see whats so difficult about this. I make all my monthly payments with my rewards credit card. I even pay off the other cards with my rewards card. Then the rewards card drafts the balance from my checking account. No interest paid and Chase sends me a nice check every few months. Why would you not do this? 2/23/2012 7:28:30 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
Quote : | "I don't see whats so difficult about this. I make all my monthly payments with my rewards credit card. I even pay off the other cards with my rewards card. Then the rewards card drafts the balance from my checking account. No interest paid and Chase sends me a nice check every few months. Why would you not do this?" |
-privacy from the government from tracking your spending habits. -to help small business
Neither of which anyone cares about until they're on the run from the law or own a small business.2/23/2012 8:50:07 PM |
LivinProof78 All American 49373 Posts user info edit post |
what does helping a small business have to do with any of this?
and why would you be on the run from the law? 2/23/2012 8:54:38 PM |
settledown Suspended 11583 Posts user info edit post |
Quote : | "It's a good thing that a payment to a dealership is neither a cash advance nor a balance transfer.
Retardedness ITT." |
i think most of the negative response was to the idea of using the checks associated with the credit card account if the lender wouldn't accept a card for a loan payoff
how's the herp?]2/23/2012 9:03:59 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
PrufrockNCSU has herpes? 2/23/2012 9:10:17 PM |
settledown Suspended 11583 Posts user info edit post |
yes, he does 2/23/2012 9:15:12 PM |
ctnz71 All American 7207 Posts user info edit post |
I already own the car. I have a $35k limit on the card. it is financed through BofA. If they take CC for the balance then I'm set. 2/24/2012 12:07:34 AM |
slappy1 All American 2303 Posts user info edit post |
So I have a loan through chase. I can pay it off with my AMEX then just pay off my AMEX and get the miles? I've never even looked into paying my payment with a CC because I just assumed you couldn't because of the charges (plus the dealership wouldn't let me make my initial down payment with it) 2/24/2012 12:29:04 AM |
settledown Suspended 11583 Posts user info edit post |
please update the thread when you find out they won't take a credit card for the payoff 2/24/2012 6:23:28 AM |
lewisje All American 9196 Posts user info edit post |
they oughta let you do it
for your berfday 2/24/2012 6:38:58 AM |
ctnz71 All American 7207 Posts user info edit post |
^^not possible with ALLY. Need to check with BoA 2/24/2012 9:14:26 AM |
wolfpack0122 All American 3129 Posts user info edit post |
I don't see why you couldn't do this. My parents always pay for a car with a credit card, usually their AMEX. Obviously they wait until they have enough money saved to cover it. But instead of just writing a check, they'll put it on a card and get a bunch of free stuff.
Granted its been a couple of years now since the last time they've done it, so I don't know if the banking laws/cc laws have changed to make it where you couldn't do it anymore. 2/24/2012 9:16:41 AM |
settledown Suspended 11583 Posts user info edit post |
it's easy to see why you might not be able to do this
[Edited on February 27, 2012 at 12:03 PM. Reason : we're not talking about fucking laws] 2/27/2012 12:01:45 PM |
willembahh All American 2378 Posts user info edit post |
i used my food stamp card to buy a car from my cuzzo ray ray 2/27/2012 12:11:48 PM |