Let’s share strategies and data points about purchasing new motor vehicles with a credit card.
A quick scan of the usual finance blogs suggests that the sole reason for doing this is getting CC rewards. No doubt that’s nice, and a sufficient reason to use a CC if a dealership will not penalize you for it. While data points about that are interesting, even more interesting would be arguments for using particular cards–for example, a price or purchase protection benefit.
American Express Business Platinum would be an obvious choice, since it pays 1.5x points for purchases over $5K, and has high limits for solid extended warranty and purchase protection provisions. However, it excludes motorized vehicles from these coverages (as do other cards’ protection policies that I’m aware of). See https://www.americanexpress.com/us/credit-cards/features-benefits/policies/purchase-protection/faq.html and https://www.americanexpress.com/us/credit-cards/features-benefits/policies/extended-warranty/faq.html .
What say you all, FD members? Are any CCs well suited to buying a motor vehicle?
What data points do you have for buying one via CC?