Question about the RC Visa Card...

[dcward89]

Does anyone know if a cash advance qualifies for points on my Royal Caribbean Visa and do they charge transaction fees for cash advances? I was going to pay my car off and I thought if I could get points for it I would get a cash advance and pay it off with that. I have the money to pay off the car and always pay the card off every month so there's no issue with interest. Yes, I can check my card agreement when I go home, I just thought someone might know.

[saintbernardlover]

I don't know if using the card for a cash advance qualifies for points but I am looking at my agreement and there is a 4% transaction fee for cash advances. If you could get the person/company that holds the note on your car loan to accept the credit card to pay off the loan, then you would not have to pay the 4% fee and you would get the points.

[flcruzer03]

The cash advance does not earn you points...I had called them to ask the same thing, as they always send the "convience" checks with my statement. The person I talked to said the check would not earn points as it is considered a "cash advance"...it was a good idea though!:)

[dcward89]

I already tried getting the credit union to just put the payment on my card but they "are not set up for that"...whatever. I forgot about the transaction fee...since we're talking about $5700 the $228 transaction fee would negate the obc I would get...oh well, it was a thought.