Can we use our Credit Card to pay for our auto-loans?

[smarxist]

May limit sa dealers eh. One time I asked, 20k daw maximum.

Kung ung monthly, maybe, given na may cc ka sa kanila (bank).

[Huyu]

hi guys,

thanks sa mabilis na response was thinking lang kasi (imaginative... sorry gabi ko na kasi naformulate yung question)... na baka pwede parang i-0% interest ang amortization or pay the monthly amortization via cc. sayang kasi ang points (and waiving of yearly fees). hehehe!

thanks guys! Tama kayo, i'd rather not be a revolver din ;)

[a9828]

hi guys,

thanks sa mabilis na response was thinking lang kasi (imaginative... sorry gabi ko na kasi naformulate yung question)... na baka pwede parang i-0% interest ang amortization or pay the monthly amortization via cc. sayang kasi ang points (and waiving of yearly fees). hehehe!

thanks guys! Tama kayo, i'd rather not be a revolver din ;)

feeling ko malabo yan since 0% na nga tapos babawasan pa sila ng bank charge. siguro either the DP or the amortization baka puwede. pero for sure, kung sa amortization ililgay, they'll factor in the charges. pero may nakagawa na ba nito? usually di ba kailangang may guarantee yung magpapautang na may incoming payment (contract with checks, live bank account). i haven't experienced this being allowed using a credit card kasi wala silang panghahawakan; puwede mo patayin yung card anytime and walang pakialam si card company sa mga naka-autodebit.

[Huyu]

okie thanks mga sirs!

sayang lang kasi sa rebates/points hehehe!
soon i will try this - % of DP through CC (kahit na may cash, just to include it in the rebates, if possible)
i think my car loan and cc is on the same bank (so baka pwede auto-cc... hehehe!

will update you guys when this pushes through!

thanks pO!

[EQAddict]

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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[Huyu]

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.

Sent from my iPad using Tapatalk HD

Hi sir EQ, technically oo nga but I plan to pay the CC dues before the posting (so no 3.5% charge, but i'd get the perks in utilizing the CC --- points hehehe!)

so i was thinking about this scenario:

1. (day 1) pay monthly amort/loan via cc
2. (day 2) pay cc (before due/posting date)
3. (day 3) get the points without the 3.5% charge
4. live happy!
hahaha!

thanks mga tsikoteers, super informative!!!

[BratPAQ]

Hi sir EQ, technically oo nga but I plan to pay the CC dues before the posting (so no 3.5% charge, but i'd get the perks in utilizing the CC --- points hehehe!)

so i was thinking about this scenario:

1. (day 1) pay monthly amort/loan via cc
2. (day 2) pay cc (before due/posting date)
3. (day 3) get the points without the 3.5% charge
4. live happy!
hahaha!

thanks mga tsikoteers, super informative!!!

oo nga no, inform us sir kung ano development nyan, sayang ang miles, haha

[Huyu]

oo nga no, inform us sir kung ano development nyan, sayang ang miles, haha

hi sir bratpaq, masters and fellow tsikoteers!

update lang: I just got approved with a BPI auto loan (yehey!)
sa usapan mayroong automatic debt agreement (which i plan to use my CC as the mode of payment (please see above "diskarte", given kaya naman ng CC ko yung monthly); then I will pay before posting date (so no interest/finance charges) hehehe!

will update you guys kung pumayag ang bpi and kung ok ang transaction!

yehey! points + waived annual fee + no hassle transaction = 1 happy camper!

[nhiecah_nice29]

Buenos Tardes! Especially MAPFRE clients, Join and get a chance to win!

[cpsolt]

used my cc para bayaran ang kulang sa down pero i was approved by bpifb auto loans na ma-auto debit ang payroll account ko. hindi sa cc.