You are using a high interest loan (cc) to pay for a low interest loan ( monthly car ammort) or downpayment. Thats a really bad financial decision. And to use the points as a justification doesnt make much sense either. The interest expense will be way way higher than any points you may redeem.
But technically you can. It is your money after all.
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Last edited by EQAddict; July 30th, 2013 at 07:00 PM.