Using MC to pay auto loan installment ?
Dec 10, 2004 | 10:45 am
#1
Original Poster
Join Date: Apr 2001
Location: DAL/DFW
Programs: AA EXP 4mm / WN A-Lister / Hyatt Life Globalist / Bonvoy Life Titanium
Posts: 76
Using MC to pay auto loan installment ?
My thread search has been futile, although I'm fairly certain this has been covered before:
I'm about to re-finance some credit card debit (incurred in one transaction buying a new car) and wonder if there's any tried-and-true mechanism or institution that would allow me to borrow the money (secured against my car note if necessary) and then pay the installments with a mileage-earning credit card?
Or, perhaps better, is there an account I could set-up with BillMatrix or Paypal or such -- that would, effectively, accomplish the same thing?
In advance, my thanks for any input and advice.
I'm about to re-finance some credit card debit (incurred in one transaction buying a new car) and wonder if there's any tried-and-true mechanism or institution that would allow me to borrow the money (secured against my car note if necessary) and then pay the installments with a mileage-earning credit card?
Or, perhaps better, is there an account I could set-up with BillMatrix or Paypal or such -- that would, effectively, accomplish the same thing?
In advance, my thanks for any input and advice.
Dec 10, 2004 | 5:37 pm
#2
Join Date: Apr 2004
Location: LAX
Programs: F9 Gold, peon and loving it everywhere else
Posts: 4,018
To the best of my knowledge, no major auto finance company will let you pay your monthly car loan bill with a credit card.
What you might be able to do, though, is "balance transfer" your car loan over to a mileage-earning credit card. Most mileage credit cards do not offer miles for balance transfers, but I know the United Mileage Plus card from Bank One sometimes does.
What you might be able to do, though, is "balance transfer" your car loan over to a mileage-earning credit card. Most mileage credit cards do not offer miles for balance transfers, but I know the United Mileage Plus card from Bank One sometimes does.