dcsimg Condo Developer Accepting American Express for Down-Payments - indexcreditcards.com

Credit Card Calculators

How long will it take to pay off my credit card?

In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

Condo Developer Accepting American Express for Down-Payments

by Peter Andrew
Condo Developer Accepting American Express for Down-Payments

In perhaps the mother of all rewards points opportunities, American Express is piloting a program that allows condo buyers to charge down-payments on their American Express cards. American Express’ first partner in this venture is New York developer The Moinian Group, whose under-construction development The Atelier, on Manhattan’s Far West Side, is already accepting American Express for down-payments.

American Express introduced credit card acceptance for rental properties in 2003, and says that the success of that program was the catalyst for extending card acceptance to condo down payments. American Express has not announced plans to roll out the program on a wider scale, although calling this a pilot would suggest that to be a potential next step. Card acceptance for down payments on other types of real estate has not been discussed, either.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

Published  (Modified )

Share this article with: