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Posted

I'm about to buy a second car - a little Yaris - for around 700k and while I have the cash sitting around in an account ready to write a cheque when it's delivered, it occurred to me that I could also hand over my Amex, earn some valuable air miles, and then use the cash to immediately repay the payment.

Has anyone ever done this here?

Posted
I'm about to buy a second car - a little Yaris - for around 700k and while I have the cash sitting around in an account ready to write a cheque when it's delivered, it occurred to me that I could also hand over my Amex, earn some valuable air miles, and then use the cash to immediately repay the payment.

Has anyone ever done this here?

I tried it but since they wanted to tack on 3% "processing/handling" fee for credit card use I went the cash route.

Ski and Goong

Posted

I tried the same thing to get some Air Miles, but like ski_goong said, they said it would be an extra 3% on top (at first they just flat out said no).

Posted

The % can vary for MasterCard, Visa and Amex. If that is not enough, on a foreign card there are exchange rate issues and another 1% or so for processing.

Needless to say I went the cash route.

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