Just would like to know, is that possible to made 30-40k downpayment by CC instead of cheque book. haha
since can collect points too

This post has been edited by tiongkeat: Mar 13 2012, 10:27 AM

If ur card can swipe that amount, and the developer accepts credit cards...

Yes its possible

Yes.. You can.. If the seller has credit card facility.. Sub sale purchase from Individual is hard to deal with credit card due to unavailable credit card machine..

The points that you will receive is unavailable...

Imagine if your credit card provider is offering points x 5.. 40,000 x 5... 200k points...

This post has been edited by abgkik: Mar 13 2012, 10:35 AM

i have done that. no issue.

why cannot.

wow..nice
too bad citibank dont have X5 points
hahahahahaa

5x is Maybank card

haha syok gila
haahahaa

I doubt there will be a lot of seller allow you to do so, due to banker will charge them while you collecting your reward points

I tried using credit card on both purchase house and car. They only allow CC for booking fee, other need to pay by cash/cheque partly because bank have finance charges of 2.5%.

i did once on year 2009. that time buy house like buy vege, everyone talk about buy house, buy house and buy house!
i clear up all my cash for the downpayment until developer accept to pay by credit card, i take few months to settle my credit card debt.
can i call this high risk high return? hahahaha

This post has been edited by zuiko407: Mar 13 2012, 12:39 PM

done it before.. 5% of that portion with CC, remaining dp using cheque..

actually there are a lot of developers allow to do that... some even offer 12 months installment with 0% interest.. TS is refering buying from Developer i suppose..

subsales wise, very unlikely..

This post has been edited by twincharger07: Mar 13 2012, 11:53 AM

yes.. possible...
some CC that did tie-up with the developer might even offer 12 mths installment 0% interest... not all CC...
best to check with the developer...
each developer differs from others...

It varies from developer to developer. I recently paid a RM20k deposit, but they only 50:50 payment via credit card & cheque. Fully charged on credit card was not permitted.

Wow, seems like lotta you guys do swipe you card for down payment huh? Never done that before bro, usually what i do is buy Bank Draft for down payment.

*Using credit card has any extra charges? If got 40k credit can use all 3 to gores? Considering if i have 3 card 15k + 10k + 10k.

i swipe over 90k recently for the 10%. no extra fees

Better swipe nowadays if certain can get loan

yea this is what IOI told me just now lunch time.
50% 50% only haha

or ask for temporary increase of credit limit....

i remember last time with guthrie (now sime darby), can buy with credit card, just got to arrange your bank to put your loan into the credit card, then swipe it, i did it for the 10% and also the subsequent progress payments, its fantastic! can exchange with mh points for a few flights