Originally Posted by
jasonvr
Not if they already had enough cash to pay the loan payments and instead used that money to pay off the CCs which earned the points
That is a major part the advantage here - earning points while paying bills that normally can't be paid with a CC
I don't get why people do that. If you had the money to pay the student loan off in the first place, why go the extra step and use the money from the gift card to pay off the loan? Why not just use it to pay back the credit card you used to buy the gift card?