Author Topic: Get credit card rewards points when paying off auto loan?  (Read 1322 times)

cgofish

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Get credit card rewards points when paying off auto loan?
« on: January 11, 2016, 09:28:40 AM »
Yup prior to finding the MM ways we purchased a car using a loan from our credit union.  Face punch deserved.   

Good news is that I'm paying it off this week.  The balance is about $13K.   

I recently also opened a Capital One Venture points card.   Does anyone know if its possible to pay off the loan with the card to get miles points without it being classified as a cash advance?

Thanks!

JLee

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Re: Get credit card rewards points when paying off auto loan?
« Reply #1 on: January 11, 2016, 09:53:42 AM »
I don't think so, but if you come up with a way let me know!

gardeningandgreen

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Re: Get credit card rewards points when paying off auto loan?
« Reply #2 on: January 11, 2016, 10:13:04 AM »
It is basically impossible due to laws saying that you cant generally pay off credit with credit. I would love to be able to put my student loan payments on a CCD... Its mostly to prevent people from putting payments on credit cards and then holding onto the balance and paying a ton in interest.