Of all the ways to make a car payment using a credit card, this option is one of the worst. Here's why: You often have no grace period, so your card issuer begins charging interest right away.

The chances are slim that your lender will allow you to make a car payment with a credit card. For one, lenders don’t like to pay the transaction fee of 1.5% to 3.5% that comes with credit cards.

Most credit card payments are processed within three days. As long as you make a digital payment by 5 p.m. on the due date, you shouldn't incur penalties. Many or all of the products on this page ...

Wells says charging a down payment for a car onto a credit card is a "double whammy." "Not only do you have to make a payment on a car, but now you also have to make this double-digit interest ...

The minimum payment math is brutal. I mean, if you have the average credit card balance and you make minimum payments at the average rate, you're going to be in debt for 17 years, and you're going ...

What to do if you can't make the minimum payment If you can't make the minimum payment on your credit card, contact your credit card company immediately. If the situation is temporary and you ...

If you make a $500 payment your balance will decrease to $1,500 and your available credit will increase to $3,500. As you make purchases, the card issuer adds them to your monthly credit card ...

Commissions do not affect our editors' opinions or evaluations. The idea of using your credit card to make that down payment on a car might rev your engine, but we suggest tapping the brakes and ...

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