Yes, you can often use your Amex Platinum to buy a car, or at least a significant portion of it, but it depends heavily on the dealership's acceptance (many accept Amex for partial payments to earn points) and your credit limit; however, the dedicated Amex Auto Purchasing Program was discontinued in 2025, so you'll need to check directly with dealers or use third-party services for full payments if they don't accept Amex.
Buying a car with your American Express Platinum card is possible, but it really depends on the dealership. Some dealerships accept American Express for big purchases like cars, while others might not. It's a good idea to check with the dealership in advance to see if they can take your Amex for your new ride.
Amex Auto Purchasing Program alternatives
Rates start at 3.39% for new cars if you buy through the car-buying service. If you just get a new car loan but don't use the service, the lowest rate you can get is 4.19%. Since it's a credit union, you have to join to use the car-buying service and get a loan.
Best Credit Cards for Buying a Car
The biggest disadvantage of the American Express Platinum Card® is that it charges a high annual fee, at $895. Therefore, it's not a great option for people who use their card infrequently or are tight on money.
The American Express Platinum Card® is for fairly rich people. A high income will help you afford this premium travel card's $895 annual fee.
Transferring 30,000 points to our loyalty partners gives you between £300 and £900.
Cardholders of the American Express Platinum Card® or any other type of Amex members, can try using the American Express Auto Purchasing Program, which connects you to dealers who accept American Express and let you charge $2,000 or more toward a car purchase on your Amex card.
There's no minimum credit score required to get an auto loan. However, a credit score of 661 or above—considered a prime VantageScore® credit score—will generally improve your chances of getting approved with favorable terms. For the FICO® Score Θ , a good credit score is 670 or higher.
If you can afford the payment and know you'll save a few thousand on a car you want to buy, no-interest financing is the way to go. Otherwise, consider it carefully alongside other financing options when you're looking to get the best rate on your auto loan.
If you want to use an American Express card to purchase a car, Amex's Auto Purchasing Program may be the way to go. All the dealers affiliated with this program allow you to charge at least $2,000 on an Amex card, and some dealers will allow you to charge the entire purchase price.
2 in 90 Rule
You can only get approved for two credit cards every 90 days. This means that if you apply for a third card within the 90-day window, you'll automatically be rejected. These rules apply to credit cards only and not charge cards, so you can apply for as many charge cards as you like.
Lenders generally don't allow borrowers to make car loan payments by credit card. There may be some indirect ways to use a credit card to make a car payment, but these alternatives can be expensive. You might want to consider other, less costly options before trying to pay for a car loan with a credit card.
Centurion® Card from American Express
Why it's one of the hardest cards to get: The hardest card to get is the American Express Centurion Card, known simply as the “Black Card.” You need an invitation to get Amex Centurion, and only the super rich and famous can expect to get the call.
earns a sufficient income of at least $50,000 per annum to pay outgoings and living expenses, in addition to Card repayments each month without experiencing financial hardship; • have current employment or access to other income or repayment sources; • generally have an established credit history and reasonable credit ...
A Quick-Reference Guide to the Pros and Cons
Yes, it's possible to buy a car with a credit card in Australia, but there are significant limitations and a number of financial factors to consider. It's generally not a straightforward or recommended method for financing a large purchase like a car.
First and foremost, the monthly payment on a loan depends on the interest rate. If you take a loan for five years and your interest rate is 4%, your monthly payment for a $40,000 loan will be $737. Remember that the longer the loan period, the more money you will overpay to the bank.
Credit Score / CIBIL Score: Maintain a healthy CIBIL score for a personal loan. A score of at least 700 is required to qualify for a loan of Rs 50,000. Minimum Monthly Income: Minimum monthly income should be Rs. 16,000*. For self-employed borrowers, the minimum annual turnover or post-tax profit will be considered.
For most people, increasing a credit score by 100 points in a month isn't going to happen. But if you pay your bills on time, eliminate your consumer debt, don't run large balances on your cards and maintain a mix of both consumer and secured borrowing, an increase in your credit could happen within months.
Even if your lender allows it, paying your auto loan with a credit card generally isn't a good idea due to costly fees, higher interest rates and the risk of ballooning credit card debt if you can't make your payments.
The "15" and "3" refer to the days before your credit card statement's closing date. Specifically, the rule suggests you make one payment 15 days before your statement closes and another payment three days before it closes.
You can use Membership Rewards® points for all or part of your flight, prepaid car rental, vacation, or cruise booking, and for hotels booked and paid in advance when booking through American Express Travel.
While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.
Amex 2-in-90 rule
American Express restricts card approvals to no more than two within 90 days. This means that even if you follow the 1-in-5 rule above and get two cards more than five days apart, you still can only get those two cards within 90 days. So far, there are no exceptions to the Amex 2-in-90 rule.
Upgraded Points values Membership Rewards points at 2.2 cents apiece. Therefore, 300,000 points are worth around $6,600 for travel, and I easily maximized their value by booking business-class flights to Rome plus a handful of domestic flights.