I was visiting a luxury car dealership in Dubai a few weeks ago

Apr 3, 2024
1:18:49pm

mobicurious Starter

and I was shocked at how many people there use credit cards to buy luxury cars. Even more shocked that the dealerships preferred credit cards over other forms of payment.

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mobicurious

Bio page: mobicurious
Joined: Sep 11, 2021
Last login: Jun 10, 2024
Total posts: 2,503 (8 FO)

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Messages

Author

Time

To all smarter than me. Need CB gurus ideas. If u had $500,000 in cash

Swishfromdeep3

Apr 3, 12:42pm

Kiting your credit cards is the only answer

JimmyZ

Apr 3, 12:43pm

AMEX has no limit

mobicurious

Apr 3, 12:47pm

AMEX has no "pre-set" spending limit

Jesse Pinkman

Apr 3, 12:59pm

That could be awkward at the Maserati dealership

Heath Squashwell

Apr 3, 1:16pm

I was visiting a luxury car dealership in Dubai a few weeks ago

mobicurious

Apr 3, 1:18pm

Seems that dealerships in the states cap CC transactions at $4k.

scottpete

Apr 3, 1:26pm

That’s crazy. And I can’t believe the car dealership will let them charge the whole amount on a card.

RalphWiggam

Apr 3, 1:38pm

There really is not a reliable consumer credit industry in UAE

mobicurious

Apr 3, 1:45pm

All the more reason to not accept credit card payments . The Middle East does wire transfers all the time. You can pay

RalphWiggam

Apr 3, 1:50pm

Not everyone in Dubai has access to wire-transfer accounts

mobicurious

Apr 3, 1:57pm

I’m sorry but that’s nonsense. Anyone with the ability to put 100’s of thousands on a credit card has the ability to do

RalphWiggam

Apr 3, 2:08pm

Just telling you what I saw first hand

mobicurious

Apr 3, 2:29pm

Hint - they don't eat any of those fees. If someone is paying sig figures for a vehicle using a credit card

kccougar

Apr 3, 2:10pm

Just get a card without a limit.

SuperTank

Apr 3, 12:54pm

I would start by finding a couple credit cards that require large minimum spends

cougarfann888

Apr 3, 12:54pm

“If”? This is CB.

bruincoug

Apr 3, 12:55pm

If you can split the transaction across multiple cards, then sign up for a few

Skeptical Optimist

Apr 3, 1:06pm

Most reputable places will not do large money transfers through CC.

El Fuego

Apr 3, 1:14pm

I remember the guy that would charge no fee traveler's checks at AAA and then

BYUFBDAD

Apr 3, 1:19pm

I can’t imagine anything that cost $500,000 that they would be willing to take a credit card

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