Q3003-Credit card payment to loan?

Upgrade to Q2006.

Or, setup a dummy checking or savings account. Change your loan payment transaction to withdraw from the dummy account. Setup a new scheduled transaction to automatically transfer the amount of the payment from the credit card account to the dummy account on the date of the loan payment. Balance of dummy account should always be zero. Credit card account will have a charge in the amount of the payment waiting to be matched when you download credit card transactions.

Whoa! Slow down a tad. Who says OP can even make the payments to his mortgage and car from his credit card? He as sure as heck cannot set it up as online recurring payments from any version of Quicken. He'll have to contact the mortgage company and/or the auto loan companies and convince them to charge his credit card (and eat the cost of the credit card comission) for the charges to show up in his credit card account.

It is not as if one can use a credit card account for bill payment, which is what I suspect the OP is asking about.

Well, I thought of asking if the lender would go along, but decided that was the op's problem. Perhaps there was (and still is?) a law against it, or perhaps lenders just didn't (don't?) go for it. But in Q2005, you can't select a credit card account for a loan payment ... in Q2006, you can.

"MikeB" wrote

Not sure exactly what OP is trying to do, but the "courtesy checks" provided my most CCs can often be used for any purpose. I also used that method in order to pay for high dollar items and rack up mileage.

Rick, I'm surprised at you. Perhaps you get courtesy checks of a higher caliber than me, but often mine has a 3% trasnaction fee, a cash advance (read higher) APR and they start accruing interest as soon as the payment hits my account.

So even if I were to pay that amount into the CC account at the same time, I'm still lumbered by the 3% transaction charge, which is more than the milage is worth to me.

Otherwise, if you're right, I'm buying my next car with a courtesy check from my CC company!

A lot of the courtesy checks I've gotten and used have a LOW apr. In other words, it's a special deal that's separate from the cash-advance APR. But you have to read the material very closely to make sure that's what you're getting -- a low apr that is not the same as the cash-advance apr. There is, however, a transaction fee, usually in the neighborhood of the 3 percent you mention. But usually, these are capped at $75, in my experience. The only courtesy checks I use now are the ones that promise me a low APR for the LIFE of that balance. Sometimes you can get an even lower APR, but that will only last about six months. Maybe a year, tops.

Of course, there are all kinds of catches. if you have existing debt with the same CC lender, they tell you all of your payments will go to the LOW-apr balance first and then to the higher ones. They always find a way to get you.