Source: The Points Guy
Summary
Paying college tuition with a credit card can be a good option to earn points and miles, but individual institutions may charge a fee for using credit cards. If a fee is incurred, it may be worth it if the value of the rewards earned is more than the fee paid. The decision to pay tuition with a credit card depends on the school’s policy, the type of credit card used, and the individual’s financial situation. It’s essential to research and compare the benefits and costs before making a decision.
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Paying tuition with a credit card can be a strategic move to earn rewards, but it’s crucial to consider the fees and terms involved. Some colleges and universities may not accept credit cards or may charge a fee for using them. If a fee is incurred, it’s essential to weigh the benefits of earning rewards against the cost of the fee. For example, using a credit card with a 0% introductory APR can be a good option if you can pay off the balance before the promotional period ends.
Original Observation: Paying tuition with a credit card is a solid option to earn points and miles, but it’s not a free ride.
Author: Evan Null
