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Can I transfer my car loan to a balance transfer card? pls advise

Submitted by fromten5 on Thu, 10/03/2019 - 22:15

Is it possible to transfer my unpaid remaining car balance to a balance transfer card?

You can transfer your high-interest debt of multiple credit cards into a single one. Preferably, you should opt for a balance transfer card which has a very low or zero interest rate. But make sure to check the balance transfer charges and introductory offers of the card, if any.

Submitted by Craigh.terry on Fri, 10/04/2019 - 02:54


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Yes. You can do that.

You can take out a balance transfer card at a low interest rate and pay off your auto loan with it provided you have adequate credit limit. But you have to repay the entire balance within the specified time period. What is your credit score? You're less likely to qualify for a good balance transfer card without a high or moderate credit score.

Submitted by Nick Jonas on Tue, 10/08/2019 - 04:54

Nick Jonas

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