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Does anyone has bought a car using credit card ??
- Thread starter Makkar
- Start date
If you are paying full by cc then split it into months so that u won’t miss the rewards threshold for any card
How can I split the full payment into months ?? I can ask for payment split across multiple cc for milestone benefits.
Nowadays if we book any car the dealer makes wait for minimum 3 months saying chip shortage and all
So I suggested to split for months if planned by single cc
Yes 12 Edge Rewards for 200 is unlimited
beware, a 15L transaction might get you into trouble with hdfc as they can claim it is a business expense, or violates t&c because you are buying assets using cc which is not permitted in many cases.
so if you have many cards, better try to split the payments into all those cards.
also on the same card, you can try making 1st payment in a day just before your statement gets generated, and another just after that day. so that statement based capping can be avoided. also the dealer can get the sale proceedings counted in the same month.
aswathsm
TF Buzz
Car is not a asset. These banks are playing with our indian mindset. Car is yet another shopping product that you buy, just because most Indians get attached to a car purchase they are fooling us. Atleast gold can be asset as its value would appreciate. If banks deny points on card purchase it's a red alert and we can vouch for our points as there is no clear terms and conditions for this
I bought a used car on my Ultimate, they charged 1.8% extra, but I got 3.3% back, so I guess that was a win.
If you have Magnus, you can do 1L on magnus and rest on Infinia.
If your Infinia is paid one, you complete your annual milestone for waiver plus get the reward points 🙂
But all of this depends on how much dealer charges you for using CC. If there are no fees or less fees than the reward rate, above works.
I suppose they charged you the MDR? Can you not get a refund from the dealer by complaining to the POS issuing bank and the brand?
As it is illegal and complaining directly to the car brand via social media e.g. Twitter or their own channel stating you have been illegally charged MDR may work for you?
moonsmart
TF Premier
they don't give any receipts for that extra charge (MDR) and they don't include that charge on card, they ask it in cash or UPI.
As the waiting time is high for more than 3-6 months in case of some manufacturers you can ask them you will pay in instalments. They will accept, in that case Magnus you can hit milestone for 6 months.
2% additional on amount depends on the dealer.
2% additional on amount depends on the dealer.
Looks promising in theory. But has anyone actually done it yet using their magnus ?
Also would car dealers accept payment from cc from 6 different installments?
I bought a car (Thar) with HDFC Infinia. They charged me 1.5% extra.
How much you paid thru cc and in how many installments?
I paid 21k booking amount and then paid the balance in two transactions as their card machine didn’t accept more than 9.99L in a single transaction
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