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Can You Pay Student Loans With A Credit Card – How To Pay Your Mortgage Or Student Loan Payments With Your Credit Card | Velocity Banking Strategy

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Can You Pay Student Loans With A Credit Card – Review

In this video, I’ll show you how to pay your mortgage, car or student loan payments with your credit card so you can do the velocity banking strategy.

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How To Pay Your Loans With A Credit Cards:

Plastiq (Free Account) – https://www.thinklikethewealthy.com/plastiq

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#paymortgagewithacreditcard #paystudentloanswithacreditcard #velocitybankingstrategy

Translated titles:
Cómo pagar los pagos de su hipoteca o préstamo estudiantil con su tarjeta de crédito | Estrategia

So bezahlen Sie Ihre Hypotheken-oder Studentendarlehenszahlungen mit Ihrer Kreditkarte Velocity Bank

Comment payer votre prêt hypothécaire ou votre prêt étudiant avec votre carte de crédit | Strat

Como pagar sua hipoteca ou pagamentos de empréstimo de estudante com seu cartão de crédito | Estr

कैसे अपने क्रेडिट कार्ड के साथ अपने बं

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29 Comments

  1. captainofouterspace
    July 23, 2021 at 11:19 pm

    Aren't the "balance transfer" checks just for transferring balances from one card to another? If you make the check out to yourself isn't it then a "cash advance" and subject to those terms? Please explain. Thanks for your informative videos!

  2. S Whit
    July 23, 2021 at 11:19 pm

    yeah but your credit card interest will be higher than your mortgage interest

  3. Michael Legate
    July 23, 2021 at 11:19 pm

    Hey Mike, dont most credit cards only offer Balance Transfer Checks within the first 4 months typically of opening the account? How do you continue making balance transfers after this time is up?

    You could use a company like Plastiq to pay most of your bills with the LOC but theres a 2.5% fee for each time which would add up, especially if you have alot of bills coming out of your checking account monthly.

  4. Rogelio Asuncion
    July 23, 2021 at 11:19 pm

    Balance transfer will entail fee like 5% isn’t it. So it still worth it to do velocity strategy

  5. Amer Alhusaini
    July 23, 2021 at 11:19 pm

    Hey Mike
    So I have discover card, capital one card and for the discover it when I do transfer to my checking account it is consider as cash advance? How can I used my discover card to pay for my mortgage using velocity without getting that higher fee. Thank you.

  6. Samuel M
    July 23, 2021 at 11:19 pm

    Could you name the specific credit card that offered the loan bill pay feature?

  7. NinjaPunch
    July 23, 2021 at 11:19 pm

    Thanks Mike.

    one thing i would like to mention is you might be better of if you're unable to get the transfer fee waived to use the cash advance option for example USAA does 3% or $200 max vice a 2% transfer fee on A 20K LOC = $400. I am assuming you are also not getting a 0% interest for 18/24 months

  8. haitchutube
    July 23, 2021 at 11:19 pm

    Awesome video man ty for clearing that up and holy hell bro you sound like Dwayne the Rock Johnson lol 😝

  9. skoolie_ life
    July 23, 2021 at 11:19 pm

    But with the exception of special 6 month to 18 month promotions, my credit card interest rate is higher than my mortgage or student loan interest rate, so how does this help? By making sure the balance is paid in full by the expiration of the promotional rate?

  10. Jill Childs
    July 23, 2021 at 11:19 pm

    Mike what credit card and bank was it that allowed for "Loan bill pay"?

  11. Anselm James
    July 23, 2021 at 11:19 pm

    So how does that work for a cc with a large balance I'm trying to pay down?

  12. Teri Woods
    July 23, 2021 at 11:19 pm

    That was the missing middle part I needed to know about LOC and payments and interest. Now I understand exactly. I have researching for about 3 days (not all at once!), and yours is the linking information that was missing from everyone else's videos. Thanks so much. I subscribed. Have many good ones my good sir.

  13. Christina Opari
    July 23, 2021 at 11:19 pm

    Why is Wells Fargo an evil bank? I just got my mortgage through them. Also, how can you pay off the lines of credit once you paid off the loans? I'm a bit weary as I don't want to get in over my head.

  14. Dana Chann
    July 23, 2021 at 11:19 pm

    Hi Mike, I used to get those balance transfer checks but never used them. Do you think if I call the credit card companies now to request for those checks would they send them?

  15. B3Mbeats
    July 23, 2021 at 11:19 pm

    I’ve asked about the “loan bill pay” but they didn’t seem to (or at least acted as if they didn’t) know what I was referring to. Can I ask what bank/card did u discover this with?

  16. MrJimmy3459
    July 23, 2021 at 11:19 pm

    A lot of rambling but you don't explain the advantages of pay debt using debt

  17. Jerry Macias
    July 23, 2021 at 11:19 pm

    How much do you charge to set this up?

  18. Givenchy
    July 23, 2021 at 11:19 pm

    Hi Mike! Thanks for the info. I had received many of those checks from capital one but did not know how to use them, hopefully I’ll get them again. Did I go wrong by taking a loan at a lowest interest and paid off all my credit cards? I realize now when I make payments into the loan the money is gone.

  19. Denise Lee
    July 23, 2021 at 11:19 pm

    Say you get a check in the mail advertising a balance transfer, and the credit line is $7000. Suppose for example, you want to pay off a $15k car loan. Hopefully the bank waived the transfer fee and hopefully there's 0 interest for 12-15 months. You would write yourself a check in the amount of $6000-6500 or the full amount I suppose since there are no fees, and you would pay that towards your car loan. So THEN what? Do you now focus on paying down that credit card? And once you pay down that credit card, do you do it again with hopefully another credit card balance transfer?

  20. Albert Blanco
    July 23, 2021 at 11:19 pm

    So my mortgage is 1713 a month… 1713×12 months=20556. with a 3% balance transfer fee is 616.68. So am i suppose to take 20556 put it in the bank to pay my monthly mortgage payment, and still pull 10k off of another line of credit to pay down the principle? do i make sense?? Im trying to figure out how to pay the mortgage monthly payments because mortgage companies don't accept credit card payments.

  21. Brian
    July 23, 2021 at 11:19 pm

    You sound like Dwayne Johnson.. you do elvis too?

  22. Vscar J
    July 23, 2021 at 11:19 pm

    I like Plastiq for paying my mortgage. I also have a credit card that allows me to get cash out on my purchases on the normal purchase apr which is currently the 0% intro apr.

  23. Jorge Vasquez
    July 23, 2021 at 11:19 pm

    Hey Mike I'm hooked on VB. I'm using my c.c. to finish paying of my wife's car with a 3rd party company Plastiq. they do charge 2% Thanks Mike

  24. Glenn Yaney
    July 23, 2021 at 11:19 pm

    I just recently started implementing the velocity banking strategy and what I've learned is that it more behavioural. I've paid 40k down since November.

    One trick that I would like to add is 0% interest intro rate for 15 months credit cards. You can have your income going towards the higher interest debts while your everyday spending goes on the 0% credit card. Pay the minimum payment on the 0% credit card while you attack the higher interest debt. Once you pay of the heloc/ploc you can attack the 0% credit card with your heloc/ploc as your emergency fund.

  25. 6972Gallium
    July 23, 2021 at 11:19 pm

    You are AWESOME!

  26. MsBernie4U
    July 23, 2021 at 11:19 pm

    OMG you sound like The Rock…lol

  27. Mishqa Achmat
    July 23, 2021 at 11:19 pm

    Where the comments

  28. Darin Ladick
    July 23, 2021 at 11:19 pm

    Good video Mike. Thanks

  29. Devon Devon
    July 23, 2021 at 11:19 pm

    Thanks for the knowledge!!!!!
    This video is helping me go to another level in my life!!!!