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Old Jan 6, 2012 | 9:08 am
  #1  
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help getting points/miles

I want to pay off the balance on an auto loan using a credit card. The bank accepts CC (visa,mc,discover only) but it comes across as a cash advance (found this out because it was declined, called CC and they told me cash advance limit is 1k per day).

What other option can I use to pay this off....$5,600
I have Citi AA and Amex gold reward and would prefer to use the Amex.
loudgonzo is offline  
Old Jan 6, 2012 | 9:25 am
  #2  
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5 days @ $1k ea & 1 @ $600?....maybe have a $6k credit balance to start?
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Old Jan 6, 2012 | 9:41 am
  #3  
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Originally Posted by clacko
5 days @ $1k ea & 1 @ $600?....maybe have a $6k credit balance to start?
I have the credit available, on either card, but the payment would come across as a cash advance, which limits it to 1k per day, and no points or miles.

I was thinking more along lines of using gift cards
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Old Jan 6, 2012 | 10:07 am
  #4  
 
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Haven't tried it before, but maybe look into Chargesmart?
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Old Jan 6, 2012 | 10:39 am
  #5  
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Originally Posted by loudgonzo
I want to pay off the balance on an auto loan using a credit card. The bank accepts CC (visa,mc,discover only) but it comes across as a cash advance (found this out because it was declined, called CC and they told me cash advance limit is 1k per day).

What other option can I use to pay this off....$5,600
I have Citi AA and Amex gold reward and would prefer to use the Amex.
If you find a way I'll be watching. I owe $5700. and can pay it off any time. I was just going to write a check this month, because I'm not aware off any way to pay with a CC and get milage? Good luck
jjmiller69 is offline  
Old Jan 6, 2012 | 12:21 pm
  #6  
 
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Giftcards.com or simonmalls VISAs purchased with your cc? Carefully look at the profit margin and at rebate sites that might be able to reduce the hit.

Originally Posted by jjmiller69
If you find a way I'll be watching. I owe $5700. and can pay it off any time. I was just going to write a check this month, because I'm not aware off any way to pay with a CC and get milage? Good luck
AlohaDaveKennedy is offline  
Old Jan 6, 2012 | 1:55 pm
  #7  
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will the bank take the gift cards?....if so, go for it?



above, i was talking about how to do the cc payment by using the max each day & hoping to avoid paying any balance interest, only the cash advance costs.....i wasn't advocating it?
clacko is offline  


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