However, I would rather charge the $8,000 balance due to my credit card so I would get the points on my card. In order to do this, I would have to present the credit card to the bank holding the car loan? Will they let me do that.
2006-12-05 07:32:54 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
No they will not allow that. They would have to pay the credit card company 4% to charge the amount. That would wipe out all of their profit.
2006-12-05 07:39:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can ask your credit card company for checks. But your credit card company may treat this as a cash advance, and you will owe interest and possibly an advance fee, from the moment you take the money out, which may cancel any points you might receive. My advice, pay off your car with your cash and leave your credit card alone.
2006-12-05 07:41:32 · answer #2 · answered by Mrs. Strain 5 · 0⤊ 0⤋
The bank shouldn't care WHERE the money comes from. If you hand them the card and they run it through, and it passes, well, that's a good thing.
Give it a try, you've got nothing to lose. You might wanna call the credit card company ahead of time to let them know ahead of the transaction.
2006-12-05 07:37:41 · answer #3 · answered by words_smith_4u 6 · 0⤊ 0⤋
Be careful when using a credit card for that. It would probably be considered a cash advance and the rate may be higher, the interest will start accruing immediately and you may not be entitled to receive points on a cash advance!
2006-12-05 14:31:31 · answer #4 · answered by moneyman2424 1 · 0⤊ 0⤋
I fully grasp your frustration. I as a father exhibit my daughter (10 years historical) how so much I pay for youngster aid as good; seeing that I desire her to SEE what is also misconstrued. A little historical past on my concern, my ex-spouse walked away (no intellectual, bodily, sexual, verbal abuse) and selected to not allow me have a say in it (it is a reoccourring challenge; she did the identical factor to her oldest daughter's dad). She met a person (her nice pal's dad - NO JOKE who used to be nonetheless married) and had one more youngster with him. He's retired and dosen't desire her to paintings. She refuses to paintings, refuses to pay youngster aid (She's $6,000 in arrears) has had her license droop (nonetheless drives) will get $412/month from me (did I point out I have my daughter each and every different week) and will get $four hundred/month from her oldest daughter's dad (who in no way will get to look her although he has visitation and joint custody). She has two new automobiles and a house of her possess. Me directory the entire **** she's performed and pulled in contempt (observed responsible two times); this could be three occasions this lengthy. So I exhibit my daughter so my daughter is aware of what aid I'm giving financially to her mother. She is aware of I love her seeing that no longer handiest do I aid her while I have her; I aid her while her mother has her too. I simply desire youngster aid used to be no longer a finish round for spousal aid. He can pay it it is his cash he has a proper to allow his daughter see; are you misappropriating his aid? U look protecting
2016-09-03 12:09:22 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Ask the bank. Also, be aware of the interest that they would charge you on your card in comparison to the interest rate that is assigned to your vehicle contract. It could be very expensive.
2006-12-05 07:57:50 · answer #6 · answered by Jan 1 · 0⤊ 0⤋
Why not withdraw the money from your credit card (you can do this first) and then pay with that cash?
2006-12-05 07:40:38 · answer #7 · answered by Kitia_98 5 · 0⤊ 0⤋
They probable won't, but you can ask.
2006-12-05 07:36:03 · answer #8 · answered by Judy 7 · 0⤊ 0⤋