WebApr 17, 2024 · If you’re trying to make a huge purchase like a $25,000 car then you would be paying $750 in transaction fee costs (assuming a 3% transaction fee). If you were earning 2% back on that purchase with credit card rewards then you would be losing money on the purchase. However, if you were meeting the minimum spend requirement … WebDec 28, 2024 · Buying a car with a credit card might take some legwork. For example, TPG Loyalty and Engagement editor Richard Kerr paid for a $40,000 car with The …

10 Best Credit Cards for Buying a Car (2024) - CardRates.com

WebAug 25, 2024 · Credit-card interest would really add up over the five-year payoff period of a typical car loan: For a $30,000 vehicle, using a credit card with a 16% interest rate and paying it down over five years would add $13,773 to the cost of your car. With a car loan at a 4.2% interest rate, total interest over five years would come to $3,312. instant credit card processing time

10 Best Credit Cards for Buying a Car (2024)

WebApr 11, 2024 · 1) Buy a $15k from dealership with another CC. 2) Balance transfer the old CC to 0% p.a. interest free for 32 months CC. 3) Put the $15k cash I would have used to buy the card into High Interest Savings Account (e.g. BOQ's 5.15%, earning $772.5/yr) 4) After 32 months, pay off the $15k CC balance. WebYes, you get to enjoy the pleasures of owning your new vehicle daily or that long-awaited road trip you've been planning. Yet, there is more your credit card can do for you. … WebApr 17, 2024 · April 17, 2024. You can you buy a car with a credit card, but it won’t be easy and, for many buyers, it’s not a great idea. It might sound good: no forms, no credit … instant credit cards