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Used credit card to make overpayments on loan ... hear me out!
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I feel like I know the answer to this one, but it might be worth asking.
I have a cashback credit card that I pay back every month by DD. I also have a loan. Can I use the cashback credit card to make over payments on my loan, hence earning cashback on the overpayment?
I have a cashback credit card that I pay back every month by DD. I also have a loan. Can I use the cashback credit card to make over payments on my loan, hence earning cashback on the overpayment?
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No. They won't accept a card payment and if they did, you'd pay cash interest on it and not earn cash back.
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