If You Can't Pay Your.

The tactic here is simple: Whether you're a fairly recent graduate or decades out of school, chances are you're probably still paying off student loans. Best cards to pay your student loans.

Using A Cash Advance, It’s Possible To Get Money From Your Credit Card And Use That Cash To Pay Off Student Loans.

You’ll pay a 2.5% fee on all credit card payments. Currently, there aren’t any credit cards that offer a rewards rate higher than that on an ongoing basis. A balance transfer for student loan debt might make sense in a very specific situation.

There Are Both Pros And Cons To Making This Choice.

Credit card interest rates are usually higher than student loans. (istock) student loan borrowers in the u.s. Paying down federal student loans normally allows you to deduct student loan interest from your federal income tax returns.

Say You Have A $500.

You call the credit card company with the 0% apr offer, have them write a gigantic check to your student loan servicer, and knock off. For example, when it comes to federal student loans, the department of the treasury doesn’t allow loan servicers to accept credit cards from borrowers. Its credit cards can offer.

Yes, You Can, But Federal Student Loan Providers Will.

Paying your federal student loans directly also comes with benefits you could lose out on if you pay your loans off with a credit card. Best for earning ultimate rewards points. You typically can't pay student loans with a credit card directly to your student loan servicer or lender.