Best credit card for a large purchase (20k)?
Dec 29, 2010, 5:26 pm
#1
Original Poster
Join Date: Nov 2000
Posts: 1,152
Best credit card for a large purchase (20k)?
Depending on my credit limits I will be putting a lot on my card by years end.
On www.motozuma.com anyone here tried it?
Looking at my BA card...only 5k limit. will try a CL transfer but not sure if it'll post by years end.
best perks w/o a posting deadline ?
On www.motozuma.com anyone here tried it?
Looking at my BA card...only 5k limit. will try a CL transfer but not sure if it'll post by years end.
best perks w/o a posting deadline ?
Last edited by vickh; Dec 29, 2010 at 9:33 pm
Dec 29, 2010, 9:19 pm
#2
Join Date: Dec 2010
Location: Indianapolis
Programs: Hilton-Diamond Lifetime Platinum AA UA, WN-CP, SPG Gold.
Posts: 7,377
I can put 20k on most of my CC, but have not found any car dealers that will let me put the full amount on there.
Put 5 or 10 on my wife's car, and wrote a check for the rest, MB held the car for a few days till the check cleared...
Put 5 or 10 on my wife's car, and wrote a check for the rest, MB held the car for a few days till the check cleared...
Dec 30, 2010, 3:35 am
#3
Join Date: Apr 2002
Location: MHT/BOS <--> World
Programs: AA Plat 2.8MM
Posts: 4,629
Depending on my credit limits I will be putting a lot on my card by years end.
On www.motozuma.com anyone here tried it?
Looking at my BA card...only 5k limit. will try a CL transfer but not sure if it'll post by years end.
best perks w/o a posting deadline ?
On www.motozuma.com anyone here tried it?
Looking at my BA card...only 5k limit. will try a CL transfer but not sure if it'll post by years end.
best perks w/o a posting deadline ?
To me, the best credit card for a large purchase is the one that earns me the most or most valuable points/miles. For me, that would be the Asiana American Express Card, because it earns 2 miles, not one, per $ spent. To me, 40,000 Asiana miles added to my Asiana account is worth more than the value I would gain from spending that same $20K on a different card.
As for what your credit lines are, that is between you and your banks. You usually need a $20K+ credit line in order to be able to charge 20K to a credit card. What are you asking?
Dec 30, 2010, 3:41 am
#4
Join Date: Oct 2010
Location: Santander, Spain
Programs: BA Blue, AMEX BA PP
Posts: 296
I haven't done it before, but i have read several times that people have prepaid to their card provider the amount they would like to charge, and then made the purchase. Is it possible for you to do that? I assume you will pay it off straight away anyway as the interest on a credit card would be enormous. As for which card...well that depends on you. For me it would be my BA PP AMEX.
Dec 30, 2010, 4:42 am
#5
In Memoriam
Join Date: Apr 2001
Location: dallas texas usa
Programs: aa plt 4.9MM LTAC
Posts: 14,828
re prepaying on cc....both chase & citi have said that a credit balance doesn't allow a purchase larger than your cl.....if the vendor will make multiple charges, perhaps over a few days, it can be done....good luck
ps...the best cc for a large buy is 1 w/a cl larger than the price...
ps...the best cc for a large buy is 1 w/a cl larger than the price...
Dec 30, 2010, 4:47 am
#6
Suspended
Join Date: Oct 2004
Location: Bay Area
Programs: DL SM, UA MP.
Posts: 12,729
Couple of years ago, I paid off a big tax bill in $20k charge increments on the SkyMiles Platinum Amex.
Ended up paying about $1200 in charges but got almost two 10k MQM mileage boosts from those charges alone.
Ended up paying about $1200 in charges but got almost two 10k MQM mileage boosts from those charges alone.
Dec 30, 2010, 7:25 am
#7
Join Date: Feb 2009
Location: WI
Programs: HHonors Gold, UAMP
Posts: 895
I haven't done it before, but i have read several times that people have prepaid to their card provider the amount they would like to charge, and then made the purchase. Is it possible for you to do that? I assume you will pay it off straight away anyway as the interest on a credit card would be enormous. As for which card...well that depends on you. For me it would be my BA PP AMEX.
Also rarely will benefits of charging this amount will repay itself in rewards unless you are needing to hit a certain spending limit or you can earn MQM's.
Dec 30, 2010, 10:22 am
#8
Join Date: Dec 2001
Location: NYC
Programs: AA LT PLT, SPG Gold
Posts: 2,564
re prepaying on cc....both chase & citi have said that a credit balance doesn't allow a purchase larger than your cl.....if the vendor will make multiple charges, perhaps over a few days, it can be done....good luck
ps...the best cc for a large buy is 1 w/a cl larger than the price...
ps...the best cc for a large buy is 1 w/a cl larger than the price...
Dec 30, 2010, 5:22 pm
#9
In Memoriam
Join Date: Apr 2001
Location: dallas texas usa
Programs: aa plt 4.9MM LTAC
Posts: 14,828