Is it possible? (Using credit card to pay loan)

Is it possible? (Using credit card to pay loan)Is it possible? (Using credit card to pay loan)
MagTarma asked 4 years ago

Hey FICOers! It’s been a while! I have a question that came across my mind the other day that I thought would be an awesome idea to get cash back from my credit cards in my siggy. 

 

I have an auto loan with Bank of America. My monthly payments are around $ 315. I just have been paying the loan from my checking account online for the past few months. I would like to know……. Is there a way I can use one of my credit cards to pay the loan? I know you can do cash advances, but you don’t receive cash back for doing that (plus let’s not even begin to talk about the fees and interest that come with that).  

 

I would like to know if there is a website or any other type of method THAT DOESN’T CHARGE FEES for doing this little trick. I’ve heard of people paying their mortgage payments with their credit card through some website and they get sent a check, but I don’t want the fees associated with that (e.g. using my Chase Freedom receiving 1% cash back totaling out to $ 3.15, but having a 3% fee on that plus the gasoline costs to the bank to deposit the check). 

 

Thank you guys for reading! I’m eager to see the responses! 

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