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Travel Discussion
Reply to "I read some people pay their mortgage and tuition with credit cards to get hotel points and air miles. How??"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Many years ago, this worked great - cards were giving up to 5% back and no one was charging credit card fees. No so anymore. But, anecdotally, some big schools don't charge the fee because it is better for them to have the money than bounced checks. 1% of a semester of tuition can add up. I bought a car on a credit card loan because the card interest was lower than bank loan. I wrote a check provided from the credit card. I got points for that...but I'm not sure that is a thing anymore either. [/quote] Some car dealerships will allow you to put part of the auto cost on a credit card. Subaru allowed $3k on a new car when we bought it in 2022. We paid the balance with a personal check after they ran a credit check on us. [/quote] I put a whole subaru on a platinum card. 43K. Plus, at the time, Amex was running a 10x small business special. That 43k points turned into 480k quickly. I told the dealer to charge charge me the fee and they did. Then, without me doing or saying a thing, Amex just refunded the fee. I have no idea why, but I did not complain.[/quote]
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