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Paying car insurance on credit card?
would this be a purchase? or balance transfer
can pay it off next month, just short a few quid of it this month and dont want to pay apr to the insurance company, but need insurance this month!!!
Im not silly hehe :)
7 Answers
- anonimitieLv 71 decade agoFavorite Answer
Purchase.
After the addition:
If you are using a reward card, this is an excellent way to earn points. Some reward card users have been lobbying to pay their mortgages with their credit cards to earn points, as well.
- feleciaLv 45 years ago
I would imagine most insurers should and will take credit card payments. I think I have only ever paid far car insurance with a credit card myself. RE: can you pay car insurance with a credit card? in a few months I'd like to know from someone that knows for sure, rather than a guess. -Thanks
- 1 decade ago
It's most definitely a purchase. It's always advisable to compare rates you're being charged if spreading your insurance premium for 10- 12months with the rate you'll be charged on your credit card.
If the rate on your CC is less then go for it and vice versa.
Source(s): http://www.cheapestvaninsurance.org/ - 1 decade ago
i did this recently ins co wanted £600 and 15% if i spread over 12 months so put it on 0% card and paid off as and when i could as a purchase NOT cash advance
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- ?Lv 51 decade ago
Purchase. Bad idea unless you absolutely had to and are CERTAIN you will pay it off soon. Otherwise it will sit there and gather interest.
- Steve DLv 71 decade ago
Only the credit card company can tell you that - it depends on how the company looks at the transaction.