Repaying loan with credit card

Ht88

I have a couple of years outstanding on a loan but would like to pay it off with a 0% credit card. On my loan provider's website they say they don't accept payment by credit card though. Any way round this?

YorkshireBoy

http://www.moneysavingexpert.com/loans/plastic-loans#interestfree


Other options are available, depending on your desired timescale for repayment.

Aquamania

Ht88 wrote: »

I have a couple of years outstanding on a loan but would like to pay it off with a 0% credit card. On my loan provider's website they say they don't accept payment by credit card though. Any way round this?

Use the card to buy things that you would otherwise have paid cash for, and then use the cash saved to pay off the loan (via your bank account if necessary)

Simples! :cool:

Ebe_Scrooge

You could try one of the "Super Balance Transfer" cards that deposit money into your current account, then pay the loan from there. Check that the Balance Transfer fee will not wipe out any gains you make - also, will you incur any early redemption penalties from the loan company ?

InsideInsurance

The main direct option is to get a SuperBalance Transfer card, normally only offered by MBNA, which allow you to do the transfer to your current account. You then use that cash to pay off the loan in normal with cash.

KennethHardy

Sorry no Idea. But I think you should confirm it from your loan providers as they definitely know a way around this.