Pay loan with credit card?

eaglesrjh

Okay just a technicality i want clearing up.

I have a loan with NRAM i'd like to get onto one of my existing credit cards thats offering a decent balance transfer offer for existing customers and i could clear it within the transfer time.

Is it possible to pay off the loan on a different credit card and then transfer from that card?

or do loans have to be paid with debit cards? or would the credit card class it as a cash advance rather than a purchase?

In which case i'll look into the money transfer card offers, just trying to do it without opening another credit card but i can if i have to.

thanks

[Deleted User]

You'll need a money transfer option if you're planning on using a credit card.

eaglesrjh

Deleted_User wrote: »

You'll need a money transfer option if you're planning on using a credit card.

so its not possible at all to directly pay off a loan with a credit card?

Has to be transferred to an account and paid with a Debit card?

[Deleted User]

Very few lenders accept credit cards, or treat them as a purchase if they do.

No harm in asking NRAM, but I'm not sure I'd risk it even if they said yes.

Superscrooge

eaglesrjh wrote: »

In which case i'll look into the money transfer card offers, just trying to do it without opening another credit card but i can if i have to.

thanks

Before opening another credit card. Check if your existing credit card provider offers money transfer deals? Many do. Barclaycard gives me a new BT and MT offer every month.