Reply to Buying a Car Using Amex Platinum

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ahh it's this:
https://amexnetwork.truecar.com/

And in the fine print:

"All participating Certified Dealers on the site accept the American Express Card for at least $2,000 and up to the full purchase price. ...  Fulfillment of the opportunity for you to use your American Express Card for at least $2,000 of your purchase price is the sole responsibility of the participating Certified Dealer. "

So the dealer needs to let you charge $2k of the price, but is not required to allow you to charge more. All the cars I've bought would allow me to chage only up to $5k.[/quote]

I don't think that's right.

"Each participating Certified Dealer in the American Express Auto Purchasing Program will accept the American Express Card for at least $2,000 and up to the full purchase price. Please note your ability to use your American Express Card to pay all or some of purchase price is subject to the amount of credit available on your American Express Card."

So call Amex first make sure that they know you're making a one time purchase for that amount and have financing to pay the rest.  They don't care.
[/quote]

If by some miracle you find a dealer willing to let you charge the additional 58k+, they will charge you a fee to make up for the fee amex charges them. You are essentially looking for free money by getting the points and then refinancing instead of financing directly at purchase time. In what world do you think the dealer will take that loss[/quote]

Since dealers enter into a contract with Amex to do this, it stands to reason that the dealers have figured out how to get value out of it.[/quote]

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