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Can a loan be paid off using a CC??
Can a car finance loan (Capital Bank) be paid off using a credit card? I got a settlement figure for our car loan (£7,500 with 3 years and 9 months remaining), but would like to pay it off quicker than that using a 0% credit card.
If i paid £7,500 to Capital Bank using my RBS credit card with £9,000 credit limit on it, I could then transfer the £7,500 to a 0% new card, thus paying it off quicker with no interest. I got a flyer in the post 2day from Citi Platinum Mastercard offering 0% on balance transfers until 1st June 2007 with max £75 balance transfer. I'm thinking of applying for this card and would pay minimum £300 a month. Just now my loan repayments are £192.
Has anyone had a citi CC and if so, what was the initial credit limit set at? We have a joint income of approx £50,000 and only have 1 loan and 1 credit card with £99 on it, which will be paid off at the end of this month. I received a credit report today and every score is 0, so I always pay on time.
Grateful for any advice. Thanks.
If i paid £7,500 to Capital Bank using my RBS credit card with £9,000 credit limit on it, I could then transfer the £7,500 to a 0% new card, thus paying it off quicker with no interest. I got a flyer in the post 2day from Citi Platinum Mastercard offering 0% on balance transfers until 1st June 2007 with max £75 balance transfer. I'm thinking of applying for this card and would pay minimum £300 a month. Just now my loan repayments are £192.
Has anyone had a citi CC and if so, what was the initial credit limit set at? We have a joint income of approx £50,000 and only have 1 loan and 1 credit card with £99 on it, which will be paid off at the end of this month. I received a credit report today and every score is 0, so I always pay on time.
Grateful for any advice. Thanks.
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