Resale contract credit card deposit

[Isabelle12345]

I am about to sign a contract for a small contract. The total amount is less than 5000$ so I could put the whole this as a credit card deposit
Any negatives to doing that? For examples if Disney takes it in RoFR, will I get all my money back? Or if the seller back out?
Just double checking before I make a bad decision ( because I surely would love to get CC points and to avoid going to the bank for a brokers check!)

 

[NEW-B]

Yes, it is fully refundable if it gets RoFR’d or if the seller backs out. Might as well get points or miles for it.

 

[Cfabar1]

We just recently signed for a small contract, and we are planning on doing this, assuming it goes through ROFR.

 

[Isabelle12345]

Thanks - I just wanted to make sure I wasn't making a silly mistake!

 

[The_MT]

I always charge the maximum amount allowed so I can get the credit card points! You will get a full refund if it doesn’t pass ROFR

 

[starry_solo]

Will they let you put it on a credit card though?
Disney will? But will a resale company do so?
It's a 3% fee to them.

 

[The_MT]

Will they let you put it on a credit card though?
Disney will? But will a resale company do so?
It's a 3% fee to them.

yes Mason Title allows you to charge up to $5k as a deposit, the other closing companies allow lower charge limits

 

[Isabelle12345]

Exactly what @The_MT said.
I have the option to put as much as 5000$ on the credit card with Mason (and the contract is slightly less than that so perfect for me!)

 

[varyth]

Note that if you are using a credit card with different reward categories, Mason doesn't code as travel. Direct purchases through Disney on a credit card does.

 

[E2ME2]

yes Mason Title allows you to charge up to $5k as a deposit, the other closing companies allow lower charge limits

On one of my resales, the title company had a 2500 limit, but they let me put a $2500 deposit on CC, then I asked to use the same CC to pay the balance, and they accepted that.
Always ask!

 

[Jack Kerouac]

Our title company was TRCS. Deposit was just $1500 on CC. They wouldn’t allow us to use CC on any portion of our balance. Too bad…

 

[macman123]

I have put $5000 on with a deposit with Mason on multiple contracts for no fee.

Sadly you can't put more than that