How to Use Credit Cards for Tesla Down Payments and Earn Massive Points

Hey everyone, DennisCW here! If you’ve ever dreamed of racking up credit card points while purchasing a Tesla, you’re in for a treat. In this post, I’m breaking down an incredible tip that some Tesla buyers, like Graham, have successfully used to put down payments of up to $6,000 and even $10,000 on their Tesla using credit cards. Let’s dive into how this works, the potential rewards, and some important caveats to keep in mind.

Tesla Down Payments with Credit Cards: The Basics

Recently, I received some amazing screenshots from Graham, a viewer who managed to use a credit card to cover a $6,000 down payment on his Tesla. Another screenshot even showed a $10,000 transaction! While the exact limit may vary depending on the Tesla sales rep or location, this opens up a fantastic opportunity to earn sign-on bonuses or credit card points.

Here’s the trick: Tesla allows you to use Tesla gift cards as a down payment on a new vehicle purchase. So, what you can do is purchase these gift cards with a credit card and then apply them to your Tesla order. This is especially useful if you’re eyeing a credit card with a minimum spend requirement for a sign-on bonus, such as those offered by Chase, Capital One, or Amex (check out referral links in the description of my video for some great offers).

Step-by-Step: How to Make It Happen

1. Sign Up for the Right Credit Card: Look for cards with lucrative sign-on bonuses or high points-per-dollar offers. Make sure the card aligns with your spending habits and financial goals.
2. Purchase Tesla Gift Cards: Use your credit card to buy Tesla gift cards. Graham, for instance, bought multiple gift cards totaling $6,000 (e.g., $500 and $2,000 denominations).
3. Apply Gift Cards to Your Tesla Order: During the pre-delivery tasks, after placing your $250 deposit and selecting your Model 3 or Model Y (don’t forget to use a Tesla referral code for perks like 3 months of Full Self-Driving), you can apply the gift card balance as a down payment.

I’ve shared screenshots in the video showing Graham’s order with $6,100 in Tesla credits applied, and another user, Eric, who reportedly put $10,000 directly on a credit card for a Tesla purchase last year. Your mileage may vary, but it never hurts to ask your Tesla rep about this option!

Why Do This? The Power of Credit Card Points

Credit card points can be incredibly valuable if you know how to play the game. For instance, points from Chase or Amex are often valued at around 2 cents each. Quick math: a $6,000 purchase could net you $120 in value (or more, depending on the card). This is a massive way to offset costs or fund future travel and rewards, especially with larger purchases like a Tesla.

Important Disclaimer: Proceed with Caution

Before you dive in, a word of caution—only do this if you’re financially comfortable with the spend. Tesla gift cards can be used for other things like wall chargers, Full Self-Driving upgrades, or Supercharging, but you don’t want to be stuck with unused credits. Always operate within your means and at your own risk. I wouldn’t recommend going overboard unless you’re okay with potentially having a stack of gift cards lying around.

Timing Is Everything: Current Tesla Offers

As of now, there are some incredible Tesla deals to take advantage of, but they’re time-sensitive. You’ve got about 6-7 days left this month to snag 0% financing on the Model 3 or 1.99% on the Model Y (offer ends June 30th). Plus, there are additional perks like a $2,000 loyalty offer and other credits. To qualify, you’ll need to place your deposit, complete your credit application, and take delivery by the end of the month. So, if you’re planning to use this credit card strategy, now’s the time to act!

Community Feedback: Others Are Doing It Too

After sharing Graham’s story, many of you chimed in with your own experiences. Brandon mentioned using this method, and another viewer claimed to have put down $10,000 on a credit card for their Tesla. Eric’s story was particularly interesting—he picked up a car from inventory and was allowed to swipe up to $10,000 directly on a credit card with no added fees. While policies may have changed since last year, these stories show that Tesla reps might be flexible if you ask.

What’s Next for Tesla? Model Y Performance Rumors

In other news, there’s buzz about a new Model Y Performance potentially being announced on July 1st, right after the current financing offers expire. Some rumors point to a later release in Q3 or even September/October. What do you think? Are you holding off for the new model, or jumping on the current deals? Let me know in the comments!

Bonus: Mini Revs Giveaway

On a fun note, I’ve partnered with Mini Revs, the ultimate Tesla miniature company, to bring you an awesome giveaway. These aren’t just toys—they’re insanely accurate replicas of Tesla vehicles, like the epic black Cybertruck with a tiny ATV. Use promo code Dennis for 10% off your order, and two lucky winners this month will get a free Cybertruck miniature with their purchase. Check out the link in my video description to snag yours and support the channel!

Final Thoughts: Try the Credit Card Tip

Tesla’s website confirms that gift cards can be used for new vehicle purchases, Supercharging, software upgrades, and more, though it doesn’t specify a limit. While $6,000 and $10,000 have worked for others, I’d love to hear about someone pushing the boundaries even further (at their own risk, of course). If you try this credit card tip, let me know how it goes in the comments!

Thanks for reading, and a huge shoutout to everyone supporting the channel. Don’t forget to check out the referral links for credit cards and Tesla offers in my video description. Until next time, keep hunting for those deals and maximizing your points!

-DennisCW