Last April, I took my first loan ever to pay for an SUV. The inital amount was about $16k at 6.99%. As of today, I have paid it down to just over $12k.
As a present, my parents gave me $10k to pay off the loan (and I'll be paying them back with little to no interest), so I can pay off the loan and still have enough money to feel comfortable.
But, is there any way I can "funnel" this $12k payment that I'm about to make through some payment channel so I can get additional benefits from it?
Specifically, I had hoped to use my Discover or Visa card to make the payment, so that I would get either cash back or flight credits.
However, the bank that holds my loan says I can only use credit cards to make loan payments via a cash advance, and neither of my cards will give me miles or cash back for a cash advance (or for credit checks either).
Does anyone know of a way I could make this work and get extra benefit from my payment (if not via credit cards, some other way)?
2007-01-02
07:31:31
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4 answers
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asked by
Jim Burnell
6