Paying car insurance on a credit card?

[Derelict-UK]

Next month is D day on the renewal. I was wondering, if I pay by credit card, do insurance companies ask you to pay a surcharge for using Credit cards? I usually use a debit card.

Am thinking about getting a purchase reward card, paying annually like I usually do and paying the credit card off in full in the month, not spreading it. Just another way of trying to save money.

 

[DrR]

I've never had any problems, no extra charges, and anyway IMO anyone who doesn't use a CC is mad.

 

[Joe R26]

I've never had any problems, no extra charges, and anyway IMO anyone who doesn't use a CC is mad.

Why?. I don't.

 

[Addicted]

Why?. I don't.

i suppose if you have the money, then put it on a credit card to get a credit rating, and just xfer the money over! though not 100% sure on this

 

[Joe R26]

I thought it might have something to do with interest rates compared the the interest insurance companies charge for monthly payments?. My CC has quiet a high interest rate though.

 

[Daniel]

2% on credit card is the norm.

 

[DrR]

Get a month untill any interest is charged on anything you buy on your CC card, so just pay it off every month.

CC has extra protection etc etc.

 

[Joe R26]

Get a month untill any interest is charged on anything you buy on your CC card, so just pay it off every month.

CC has extra protection etc etc.

ahhh I see.

 

[Ben.]

I paid for mine using my cc hoping to pay it off monthly, it hasnt worked out

 

[Joe R26]

I paid for mine using my cc hoping to pay it off monthly, it hasnt worked out

No I dare say it doesn't. Especially for us younguns lol. Who are paying over 1k.

 

[DrR]

I paid for mine using my cc hoping to pay it off monthly, it hasnt worked out

Thats a silly idea as credit card interest is insane.

 

[bmh.01]

I change the 0% card i'm using every year just before my insurance renewal, then usually you get a year at 0% to pay it off if you want to leave it a year. Plus you can't beat a bit of 0%, then just bin it after the introductory period.

 

[Ben.]

Thats a silly idea as credit card interest is insane.

0% at the moment, not for much longer though hence my type r is being sold tommorow

Lesson learnt

 

[jenic]

Always paid on a credit card, and paid off in 2/3 months.

Never paid a surcharge for using it, but some do. Wouldn't dream of paying insurance via dd, every time i've been offered it the interest has been ridiculous.