Reduce Your Student Loan Using a Credit Card
by Mr Credit CardWhile reviewing the Citi ThankYou Redemption Network, I came across interesting feature in their reward program that allowed you to reduce your principal of your student loan. You can use the reward points you have earned to reduce your student loan. Below is a brief summary of this benefit (:
2500 points – $25
5000 points – $50
7500 points – $75
10000 points – $100
15000 points – $150
20000 points – $250
50000 points – $500
100000 points – $1000
As an example, you can redeem 10,000 points and get $100 that is used to reduce your student loan principal. This is the only credit card reward program I know off that actually has this reward feature.
For college students who want to prepay your loan principal while still in college, then you might want to consider the Citi® mtvUTM Platinum Select#174Visa® Card for College Students. It is a reward credit card based on the ThankYou Reward Program.
February 23rd, 2007 at 05:02
[...] “I think I have a plan” shouts Mr. Credit Card. “What if we could Reduce Your Student Loan Using a Credit Card?” – This has nothing to do with the actual story. [...]
January 20th, 2008 at 21:42
[...] “I think I have a plan” shouts Mr. Credit Card. “What if we could Reduce Your Student Loan Using a Credit Card?” This has nothing to do with the actual story. [...]