Recently posted in here asking about paying car note off with TSP loan and was heavily advised against doing so. So I just thought of another idea and wanted to see if this made sense/was possible. I have $5700 left on a navy federal auto loan at 6.59%. I have a capital one credit card with SCRA applied at 4%. (I know SCRA normally is 6%, but I applied SCRA to this card 7 years ago when I joined and it’s always been 4%). Can I pay the car off with this card or do a balance transfer? I would obviously still pay the card off as fast as possible but figured this would save me some interest money and also give me more flexibility with it.

    Auto loan with credit card?
    byu/MacDaddy228 inMilitaryFinance



    Posted by MacDaddy228

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