Cars are in some ways necessary in our life. Every day, we commute by car to work or some of us even use it as part of the business. Just like housing loan, we are require to make monthly repayment for our car loan. For some obvious reason, it is a lifetime repayment loan where we are tend to change for a better car depending on different stages of our life.
Most of us have been paying our car loan every month using either our cash we earned from the salary or from doing business. But, do you know that you can enjoy the benefits and rewards when you pay your car loan with your credit card? Sure, you have enough cash to make your loan repayment, but why not you utilize the credit card limit extended to you.
With jomSETTLE, you can earn credit card rewards point when you pay your car loan with credit card. We will only charge you a one-time 2.5% transaction fee per usage, but it is something you can easily offset with the benefits earned.
Learn more: How to Offset Credit Card Transaction fee
Pay Car Loan with Credit Card
The process to pay your car loan with credit card in jomSETTLE is straightforward: create an account with us and select ‘Hire Purchase’ payment type and enter the necessary information along with supporting documents (your car loan agreement). Swipe your card, and we will make the bank transfer to your recipients within 3 working days.
The Benefits of Paying Your Car Loan with a Credit Card
Earn Credit Card Reward Points
When you use your credit card for car repayment, you automatically earn the credit card rewards points based on the amount you pay. Assuming that your credit card offer 1x points for every RM1 you spend, and your car loan is RM1000 per month. That’s 1000 points earned every month and 12,000 points over a year. If you constantly use your credit card over the course of two to three years, imagine the amount of reward points accumulated, you do the math.
Read here on What You Can Redeem with Your Credit Card Reward Points
Making On-time Payment
Just like every other challenges we faced in our life, cash crunch is something inevitable. Ask the most successful person you know today, and they will tell you the same. It’s in this pinch period, you can tap into the immediate pre-approved credit limit to you via your credit card to still pay your car loan repayment on-time without going for a cash advance.
How to Pay Car Loan with Credit Card
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Cars are in some ways necessary in our life. Every day, we commute by car to work or some of us even use it as part of the business. Just like housing loan, we are require to make monthly repayment for our car loan. For some obvious reason, it is a lifetime repayment loan where we are tend to change for a better car depending on different stages of our life.
Most of us have been paying our car loan every month using either our cash we earned from the salary or from doing business. But, do you know that you can enjoy the benefits and rewards when you pay your car loan with your credit card? Sure, you have enough cash to make your loan repayment, but why not you utilize the credit card limit extended to you.
With jomSETTLE, you can earn credit card rewards point when you pay your car loan with credit card. We will only charge you a one-time 2.5% transaction fee per usage, but it is something you can easily offset with the benefits earned.
Learn more: How to Offset Credit Card Transaction fee
Pay Car Loan with Credit Card
The Benefits of Paying Your Car Loan with a Credit Card
When you use your credit card for car repayment, you automatically earn the credit card rewards points based on the amount you pay. Assuming that your credit card offer 1x points for every RM1 you spend, and your car loan is RM1000 per month. That’s 1000 points earned every month and 12,000 points over a year. If you constantly use your credit card over the course of two to three years, imagine the amount of reward points accumulated, you do the math.
Read here on What can you redeem with your credit card reward points
Just like every other challenges we faced in our life, cash crunch is something inevitable. Ask the most successful person you know today, and they will tell you the same. It’s in this pinch period, you can tap into the immediate pre-approved credit limit to you via your credit card to still pay your car loan repayment on-time without going for a cash advance.
How to Pay Car Loan with Credit Card
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Unit A 806, Block A, Phileo Damansara 1, Jalan 16/11,
Off Jalan Damansara, 46300 Petaling Jaya, Selangor
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MAZER FINTECH SDN. BHD. (1332779-U)
Unit A 806, Block A, Phileo Damansara 1, Jalan 16/11, Off Jalan Damansara, 46300 Petaling Jaya, Selangor
care@jomsettle.com
Terms & Conditions | Privacy Policy © 2023 Mazer Fintech Sdn Bhd. All right reserved.
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