facebookI would like to pay my school fees using my credit card but my credit card limit is $8K. Can I actually pay the full amount in a few installment using my credit card? ? - Seedly

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Anonymous

03 Dec 2019

Students

I would like to pay my school fees using my credit card but my credit card limit is $8K. Can I actually pay the full amount in a few installment using my credit card? ?

Discussion (6)

What are your thoughts?

Kelly Trinh

Kelly Trinh

03 Dec 2019

Backoffice technical at financial services firm

You can prefund the credit card (transfer money from bank account despite having no balance) - that will allow pay through something higher than normal credit limit.

Conceptually this allows you to pay any amount.

I have once seen a bank have a rule that says rewards in 1 monthly cycle limited to the credit limit which defeats the purpose.

Not sure why you'd want to pay using your credit card. Credit card interests are MUCH higher than if you were to take loans!

Jay Liu

Jay Liu

21 Sep 2018

Accounting and Finance at ACCA

How about work part time while studying to minimise the loan repayment and interest. Been working si...

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