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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.

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AnswerBot

5mo ago

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Related Questions

How can I use a credit card to pay off a loan?

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.


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 get a loan with debit card?

A loan off of debit card like credit card cash advance? Yes


How do you get a car loan without a cosigner?

start building your credit, get a department store credit card, like a target card, buy stuff then pay it off the next day.


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 bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?

The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.


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.


Do i pay off my Credit card or car?

If the car is your mode of transportation,pay off the car,you can always live in that if you get kicked out of your apt house doghouse or whatever for free then..lol except for the gas of course and registration....lol h hahahahahahah..... I personally would pay off credit card. The interest is probably 3X higher that a car loan


How can I take my name off a straw purchase on a car loan?

If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.


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.


What is a loan amortization in reference too purchasing a car on credit?

When purchasing a car on credit, a loan is obtained and the loan is paid off over time. For example, a car loan paid off over 5 years, with monthly payments, is considered to amortized over 5 years.


How does paying off a car loan affect my credit score?

Paying off a car loan can positively impact your credit score by showing that you can manage debt responsibly. It can improve your credit mix and payment history, which are important factors in determining your credit score.