Is it worth it to pay ALL bills with your credit card. Provided you 2000% had all funds each month to cover your obligations? While looking at the directory, our car lenders came up and I looked at the fee 10$ but it doesn't say if it's a cash advance fee. (At that point, I'd head for the hill) thoughts?
@d170 wrote:Is it worth it to pay ALL bills with your credit card. Provided you 2000% had all funds each month to cover your obligations? While looking at the directory, our car lenders came up and I looked at the fee 10$ but it doesn't say if it's a cash advance fee. (At that point, I'd head for the hill) thoughts?
There are an few other options if you think out of the box. What i am thinking of doing to pay for my car payments. Open an amex serve acccount, which allows 1000-1500 dollars cc transfer an month. You should be able to get points for transferring from cc to serve, use serve to pay your auto loan. You are only getting 1:1 but you are paying no fees at all.
Total car payments are about 600. So the fees would total 20$. Rapid rewards offers 1 point per dollar but it doesn't say if it's a cash advance fee or not. I literally just got the card and don't want to scare them the first two months of having the card. I read online about buying a prepaid visa with your credit card and loading bluebird with it androgen using bill pay to pay off said credit card. I thought about doing that to reach the 1k limit in 90 days for the statement credit, I'm just not willing to go rack up a 1k bill for the hell of it. My living expenses would fit the bill. I'm just trying to get out the credit card habit of putting it on the card because I want it RIGHT NOW ya know?
@Anonymous wrote:
@d170 wrote:Total car payments are about 600. So the fees would total 20$. Rapid rewards offers 1 point per dollar but it doesn't say if it's a cash advance fee or not. I literally just got the card and don't want to scare them the first two months of having the card. I read online about buying a prepaid visa with your credit card and loading bluebird with it androgen using bill pay to pay off said credit card. I thought about doing that to reach the 1k limit in 90 days for the statement credit, I'm just not willing to go rack up a 1k bill for the hell of it. My living expenses would fit the bill. I'm just trying to get out the credit card habit of putting it on the card because I want it RIGHT NOW ya know?
Unless Rapid Rewards are supervaluable, then you shouldn't be doing this. You will get 600 points, which are probably worth $6 or less, and pay $20. Buying a prepaid visa also has costs. What is the reward for spending $1k in 90 days? Knowing that lets you know how much you "waste" and still come out ahead.<~~~~reality check! thank you
I think it might be worth for you to look into the Serve. It's super easy and straight forward in that you can take out 200/day from a CC for 1000/month for a plain Serve account. If you have ISIS (which is a device that is for your phone, the amount goes up to 1500 like mongstradamus said earlier.)
If the idea of paying your CC bill is an intriguing one, I'd definitely just play with it one month, you have absolutely not much to worry about with the Serve, very few CC holders treat it as a cash advance. If you can't use it to pay your car payment, you can just pay your CC bill right back to the card with no issues, and it posts pretty quickly.
Online CC Loads:
Treated as purchase, earns cashback/points/miles:
Barclay
Citi
Chase
Capital One
Discover
FIA
US Bank
Hope that's somewhat helpful.
If the idea of paying your CC bill is an intriguing one, I'd definitely just play with it one month, you have absolutely not much to worry about with the Serve, very few CC holders treat it as a cash advance. If you can't use it to pay your car payment, you can just pay your CC bill right back to the card with no issues, and it posts pretty quickly.
Online CC Loads:
Treated as purchase, earns cashback/points/miles:
Barclay
Citi
Chase
Capital One
Discover
FIA
US Bank
Hope that's somewhat helpful.
@nachoslibres wrote:Unless I could earn signficantly more rewards than the fees I'm having to pay - no. And I say significantly more as in 2x the amount of rewards for the amount of fees. Why? Because fees get taken out immediately - where as rewards I can't spend until I accrue enough or until I take a trip where I can use them. I'm all about getting the maximum amount of rewards for money that I was going to spend anyway but I don't look at fees as money that I was going to have to spend anyway.
And I'm sure there is some finance guy out here that could show us if you placed the $10/mo in fees you would pay into a mutual fund you would earn a lot more back than any rewards you would have received.
LOL Queue themanwhocan with his charts! 
I agree 100% with you on the fees -- if you're having any it's not worth it, but if you don't have any fees, then why not.
@KennyRS wrote:
@nachoslibres wrote:Unless I could earn signficantly more rewards than the fees I'm having to pay - no. And I say significantly more as in 2x the amount of rewards for the amount of fees. Why? Because fees get taken out immediately - where as rewards I can't spend until I accrue enough or until I take a trip where I can use them. I'm all about getting the maximum amount of rewards for money that I was going to spend anyway but I don't look at fees as money that I was going to have to spend anyway.
And I'm sure there is some finance guy out here that could show us if you placed the $10/mo in fees you would pay into a mutual fund you would earn a lot more back than any rewards you would have received.
LOL Queue themanwhocan with his charts!
Well, there's something to be said about keeping administration as straightforward as possible. Granted, most long-time members of this forum are OC--I myself being guilty as charged--but if it's a few dollars it may not be worth it.
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