Paying off Student Loan with Cashback Credit Card

Jimbohjh

Forgive me if this has been asked and/or answered before.

I am planning on paying off my student loan by using my credit card that pays 4% cashback (cost of using credit card - 1.5%) so am already 2.5% up.
The credit card will then be paid off fully straight away.

However, I'm concerned that I may be charged by the credit card company a balance transfer fee or cash fee etc. I thought their maybe someone with answers out there before I speak directly to the credit card company and set myself up for a fall.

JIMBOBC

We did exactly that last week and don't seem to have been charged by Capital 1. Althought the Student Loans comapny don;t have upto date balances so you may ending up paying more back and having to ask your local authortiy for PAYE fees refunds made during this tax year. We need to get back nearly 1000. Student loans company only has the balance to the 5 April last year!

Jimbohjh

Brilliant, thanks for the speedy response. My card is also Capital1 so will give it ago.
Could be prudent though to wait until 5th April this year to get the updated figure, then again will be paying additional 2-3 months interest. Swings and roundabouts!