AMEX Platinum Purcahase?
05-03-2006, 12:05 AM
#1
Members
Thread Starter
Join Date: Oct 2005
Location: Los Angles,CA 310/818
Posts: 52
Likes: 0
Received 0 Likes
on
0 Posts
I was wondering since I jhave a No-Limit Platinum AMEX card if it's possible to purchase a car on it for and pay it within the 30 Day period? I ask because I want to buy an M5 and use the purchase to get me closer to the spending requirements of the Black Centurion Card. Does anyone know for sure? I asked a dealer once and they said no because they get a percentage charged back to them but I figure If I pay that chargeback why not?
05-03-2006, 12:37 AM
#2
Contributors
Join Date: Feb 2006
Location: So. Cal 626
Posts: 1,626
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2007 550i White/Black, SMG, Sports Pkg, Comfort Access, Nav, HUD, Satellite Radio, Anthracite Maple Trim
2006 X5 3.0, Black/Black, Sports Pkg, Premium Pkg, Xenon Adaptive Headlight, NAV, Rear Climate Pkg, Anthracite Trim
I dont see why not.. I think you can purchase a car with your credit card... What dealership said that too you?
05-03-2006, 01:32 AM
#3
Contributors
Join Date: May 2005
Location: Philly,PA now Berlin,Germany
Posts: 817
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: E60 Limo with M-Sport package(m5 mirrors,m5 trunk finisher,m172 summer wheels,blk front grills,m5 paddle shift kit(my530i),m pedal covers,m floor mats,
E87 2005 The Misses car
E39 2002 Touring with M-Sport package/family wagon(gone but not forgotten)
If they accecpt the card, you can purchase with it 
no limit 
The salesman just said that because he will have to forfit that % hit from his commission 
not your prob though 
no limit The salesman just said that because he will have to forfit that % hit from his commission not your prob though
05-03-2006, 02:36 AM
#4
Members
Thread Starter
Join Date: Oct 2005
Location: Los Angles,CA 310/818
Posts: 52
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by iceman316' post='277352' date='May 3 2006, 01:37 AM
I dont see why not.. I think you can purchase a car with your credit card... What dealership said that too you?
05-03-2006, 02:57 AM
#5
Senior Members
Join Date: Dec 2005
Location: Seattle, WA Metro Area
Posts: 1,794
Likes: 0
Received 0 Likes
on
0 Posts
AMEX may let you but I doubt the dealer will. Most dealers don't like to take more than $5,000 on a CC. They will get upset about the 1.5% they miss out on by customers using the card. I wanted to get the miles on my Amex a few years back but the dealer I was using didn't let me do it.
05-03-2006, 04:53 AM
#6
Super Moderator
Join Date: Mar 2004
Location: Pittsburgh, PA USA
Posts: 17,310
Likes: 0
Received 2 Likes
on
2 Posts
My Ride: G30 M550i
Model Year: 2018
The following thread may be of interest to you "Don"...
http://forums.e60.net/index.php?showtopic=20086
It's likely that you won't have that problem with AMEX though.
http://forums.e60.net/index.php?showtopic=20086
It's likely that you won't have that problem with AMEX though.
05-03-2006, 05:31 AM
#7
Contributors
Join Date: Mar 2005
Location: Shropshire, UK
Posts: 178
Likes: 0
Received 0 Likes
on
0 Posts
My Ride:
Things to consider:
1. There are no centurion accounts being set up right now as the program is in question.
2. You didn't need to spend like an oil baron to get on allocated - just hit the right profile milestones (be seen to travel extensively, pay before the statement issues, keep spending at a regular level month after month etc.)
3. Black cards are getting thown back in legion at the moment as they are bad value for money. You get most of the benefits from your platinum card without the extra grand a year in charges just so you can wave the card. I for one have dumped mine.
4. If the dealer were to agree who's going to cover his merchant charges?
Have fun but don't get hung up on the black hype.
1. There are no centurion accounts being set up right now as the program is in question.
2. You didn't need to spend like an oil baron to get on allocated - just hit the right profile milestones (be seen to travel extensively, pay before the statement issues, keep spending at a regular level month after month etc.)
3. Black cards are getting thown back in legion at the moment as they are bad value for money. You get most of the benefits from your platinum card without the extra grand a year in charges just so you can wave the card. I for one have dumped mine.
4. If the dealer were to agree who's going to cover his merchant charges?
Have fun but don't get hung up on the black hype.
05-03-2006, 06:14 AM
#8
Members
Join Date: Dec 2005
Location: Sweden
Posts: 163
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: e39 525i Touring, will order e61 as soon as I can decide on engine and options...
http://www.snopes.com/business/bank/blackcard.asp
;-)
;-)
Originally Posted by The Don' post='277341' date='May 3 2006, 03:05 AM
I was wondering since I jhave a No-Limit Platinum AMEX card if it's possible to purchase a car on it for and pay it within the 30 Day period? I ask because I want to buy an M5 and use the purchase to get me closer to the spending requirements of the Black Centurion Card. Does anyone know for sure? I asked a dealer once and they said no because they get a percentage charged back to them but I figure If I pay that chargeback why not?
05-03-2006, 08:28 AM
#9
Members
Senior Members
You should be able to buy anything with credit card. If the dealer accept cards to begin with as they do ofcourse then per any merchant agreement, a merchant can not add any surcharges or refuse to accept a customers payment because it's done by credit card. This surely applies for VISA/MasterCard and most likely for AMEX/Discover also. I don't think that there's some special exception to that rule for large amounts.
Although I imagine instead of adding a surcharge they could just give you a "worse" deal or charge extra for other stupid things to make up for that but not if you've got the numbers all worked out beforehand and are ready to pay.
Although I imagine instead of adding a surcharge they could just give you a "worse" deal or charge extra for other stupid things to make up for that but not if you've got the numbers all worked out beforehand and are ready to pay.
09-02-2007, 03:45 PM
#10
Contributors
Join Date: Oct 2004
Location: So Cal, USA
Posts: 14,776
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 545iSMGSilver GrayAuburn Dakota LeatherLogic 7 Premium SoundSports Package
So what happened? Did you ever purchase the car on the Platinum card? And did AMEX ever invite you to join the Centurion club?