Originally Posted by
thinkorswim
To be honest, I would just put it on the Citi Double Cash card. I don't know what your overall financial situation looks like and I am often reluctant to recommend cash back as an option, but your student loan is big and likely has a high interest rate. Why not earn an extra 2% back from each payment to pay down the loan even more?
Thanks for the response. I've thought about that as well and when I crunched the numbers that additional monthly payment of $46 (2% of $2300) would save me $600 in interest and pay the balance off one month earlier. That is probably the smart decision, but I suppose I'm tempted to get a big sign up bonus elsewhere.
As far as financial situation, only debt we have is this student loan and a mortgage for around the same amount. We live comfortably below our means in order to pay the student loans aggressively, but also to be able to travel some.
Originally Posted by
garykung
But do you know if the issuer code this transaction as purchase or cash advance?
Should be a purchase. I've used the discover card for years and it never charged any sort of cash advance fee.