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You can use a credit card to pay off a loan by transferring the loan balance to your credit card or using your credit card to make payments towards the loan. Be aware of any fees or interest rates associated with using a credit card for this purpose.

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AnswerBot

5mo ago

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Related Questions

Can you pay off a personal loan with a credit card?

Yes, it is possible to pay off a personal loan with a credit card, but it may not be advisable due to the high interest rates associated with credit card debt.


Can you pay a payday loan with a credit card?

Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.


Can you pay off your loan with a credit card?

Not directly, but you can take a cash advance from a credit card to pay off the loan. However, that probably is a bad idea, since the cash advance charge and the credit card interest most likely would exceed what you owe for the loan.


When would you be required to pay interest on a loan or credit card balance?

You would be required to pay interest on a loan or credit card balance when you do not pay off the full amount owed by the due date.


Will a credit score be better or worse if you take out an unsecured personal loan to pay off credit card debt?

If you get a loan, pay off credit cards and keep the loan payments current until it is paid off. Your CR will be pretty darn good.


How can I use my credit card to pay off my car loan?

You can't directly use a credit card to pay off a car loan. However, you can use a balance transfer credit card to transfer the car loan balance to the card, but this may come with fees and high interest rates. It's important to carefully consider the implications before making this decision.


Can you a loan through citi financial to pay off a citibank credit card?

I doubt it ! Banks will rarely loan a customer money to pay of their own credit card ! An application is likely to flag you up as a bad debtor !


How can one pay off student credit card debt?

There are many ways to pay off student credit card debt. Some of the ways to pay off credit card debt are borrow against life insurance, get a home equity loan, renegotiate the term with a creditor and many more.


How does it affect your credit if you pay a personal loan off early?

It doesn't hurt your credit to pay off a loan early.


What are some ways one can secure a loan to pay off credit card debt?

Securing a loan to pay off a credit card debt is not generally a good idea. However, if the interest rate on the loan is lower than the credit card rate it may be a good thing to do. Online lenders usually do not offer a rate lower than credit cards, so one's bank may be the only place to find a loan with a lower rate.


Pay a personal loan off with a credit card?

All you can know about personal loan from this site. http://personal-loan-info.freehostia.com/ It will help you a lot as it helped me.


How can credit cards be used to pay off loans effectively?

Credit cards can be used to pay off loans effectively by transferring the loan balance to a credit card with a lower interest rate, making consistent payments, and avoiding unnecessary spending on the card.