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A European view:
Banks and credit card organizations are there to make money. And they "shave you" as much as they can.
Before your "larger purchase" even might be written off you still will have to pay for the credit, interest, fees etc.
Knowing this why
- don't you s a f e the money until you can pay for the car ore whatever you need so badly to purchase (exptions from this rule are investments like houses etc.)?
- buy a smaller car or a cheaper second hand one instead of using a credit?
This way one never gets into trouble and will be able to buy all the nice things and even more - only a little later - and certinly without any headaches how to repy loan in future.
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