Go to Jeff Salisbury LWGate Home Page.From: esslady@ix.netcom.com
Subject: Re: Best strategy for using credit card for major purchase?
Date: Tue, 14 Dec 1999 10:17:25 -0500 (EST)
Previous Article (by Subject): Best strategy for using credit card for major purchase? Ira Krakow
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On 12/13/99 20:43:04 [Ira Krakow] wrote: > > Anyone have any experience charging major purchase (like college tuition, which a number > of colleges offer) on one or more credit cards and getting the maximum effect (rebates, > frequent flier miles, paper towels at BJs, etc.) from it. - ------------ It had been my plan to negotiate to purchase my car using a mileage plus card. Part of the "deal" would be that I could make two payments (my credit card will not award more than 10K frequent flyer miles per period), so my entire car would be charged to my credit card (which I would pay off at the end of the month). A friend had done this, and it was the driving force behind my getting a mileage plus credit card in the first place. Apparently, the credit card and car people have caught on to this! The people from whom I ended up buying my car (car dealer) told me that the credit card company raises the discount when the car dealer permits more than $X to be charged (my recollection is that it was $3K). The place where I was offered the second best deal on the car purchase (a car broker) limited me to a little more (maybe as much as $5K?). I was dissapointed, but at least got a good price on the car (I paid invoice). ;-) elaine - -
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