Re: Best strategy for using credit card for major purchase?

From: esslady@ix.netcom.com
Subject: Re: Best strategy for using credit card for major purchase?
Date: Fri, 17 Dec 1999 08:13:20 -0700

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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.
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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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