Can you use Amex to buy a car?

AMEX has a program in place to allow you to pay for a car with your credit card, making them a great card issuer to use when buying a car! Not every dealer will let you use a credit card to pay for a car, so you might have to shop around.

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Simply so, can I buy used car with credit card?

While it may be unconventional to the average consumer, there is nothing that legally prevents you from buying a car with a credit card. As long as your credit limit is high enough, you can put down a down payment or even a complete purchase with enough available credit.

Then, do dealerships take credit cards Reddit? But car dealers will typically limit how much they’ll take by credit card (or make you pay a higher price to account for it), as they have to pay a swipe fee to Visa/M’card/Amex of somewhere between 1.8% and 2.8% typically. The most I’ve been successful charging on a car I purchased, and it was for a USED car, was $5K.

In this regard, does American Express Check your income?

No, American Express does not verify income on most credit card applications or credit line increase requests. … You’ll often be able to prove your income by submitting a job offer letter, showing your pay stubs, or filling out a form that allows American Express to access your tax returns.

Does American Express have credit limit?

With American Express cards, no preset spending limit means you will not have a predefined monthly credit limit when you are approved for the card, but it does not mean you can spend an unlimited amount.

Does American Express increase credit limit automatically?

Does American Express automatically increase credit limits? American Express may automatically increase your credit limit as often as every six to 12 months. However, just because you haven’t received an automatic increase doesn’t mean you’re not eligible. You should reach out to American Express to see if you qualify.

How do I get an Amex platinum card?

While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.

How exclusive is Amex Platinum?

Why It’s One of the Most Exclusive Cards: The Business Platinum Amex Card’s annual fee alone makes it exclusive, as your average small business owner probably won’t want to shell out hundreds of dollars per year just for the privilege of having a particular card.

How many AMEX Platinum card holders are there?

Here’s the stats on what is known. Circulation figures for 2017 suggest that outside the U.S., there are about 400,000 Platinum Cards, and 84,000 Centurion Cards. In the United States, TimeInc reports that American Express Platinum Card and Centurion membership has increased 23% since 2010.

What is by invitation only Amex?

To book, call the number on back of your eligible Card between 9am –10pm ET Monday through Friday and 10am -5pm ET on weekends. If prompted, say “By Invitation Only.” You’ll receive a confirmation email when your purchase is complete. We’ll also send you an itinerary in the mail closer to the event date.

What is the highest credit limit for American Express?

What is the highest limit you can apply for? Our Platinum Credit Cards can have a maximum credit limit of up to $50,000. All other Credit Cards have maximum limits of up to $25,000. However, your limit will depend on your financial circumstances and the Card you choose.

What’s so great about American Express?

American Express is one of the leading card issuers in the United States. It’s known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.

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