We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Used credit card to make overpayments on loan ... hear me out!
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?
0
Comments
-
No. They won't accept a card payment and if they did, you'd pay cash interest on it and not earn cash back.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards