Buying insurance is a pretty common thing, but most people don’t think about the credit card they use to buy it.
In fact, one study found that 60% of Americans use their credit card to pay for their insurance premiums. What does this mean for you?
It means that if your credit score is poor, using a high-interest credit card to purchase insurance could end up costing you more in the long run. Here are five cards that have low rates and no annual fees:
How to save money by paying for your insurance with a credit card
Paying for your insurance with a credit card can save you money. Credit cards offer flexible payment options, which can help you manage your finances and avoid having to pay late fees. Here are three ways to pay for your insurance with a credit card:
1. Use a 0% APR credit card for insurance premiums. Many credit cards offer 0% APR on insurance premiums, which means you will not have to pay interest on the balance of your premium until it is paid in full. This can be a great way to save money while also getting low-interest rates on your purchases.
2. Pay off your high-interest debt first. If you have high-interest debt that is costing you money every month, try paying off that debt before paying for your insurance premium with a credit card. This will help you get lower interest rates on future purchases and potentially save hundreds of dollars over the life of the debt.
3. Set up automatic payments from your bank account. If you don’t have the money to pay for your insurance right away, set up automatic payments from your bank account so that you will always have the funds available when it’s time to pay. This way, you won’t have to worry about missing an installment or making a payment late, which could lead to penalties and higher interest rates on future debts.”
Chase Sapphire Preferred
If you’re looking for a top credit card to help cover your insurance premiums, the Chase Sapphire Preferred is a great option.
This card offers amazing rewards rates and benefits, including an annual fee of $95. However, the card does come with a few restrictions that may impact your ability to use it for insurance. First and foremost, the Chase Sapphire Preferred is not accepted at many places that offer insurance policies.
Additionally, this card doesn’t have direct deposit capabilities which can make it difficult to receive reimbursements if you have an accident or injury. However, if you’re looking for a high-quality creditcard that can help you save money on your insurance premiums, the Chase Sapphire Preferred is definitely worth considering!
If you have a Citi Prestige credit card, you can easily pay for your insurance premiums. You will receive a 0% introductory APR on all eligible purchases for the first 12 months and then a variable APR of 14.24%-26.24%. After that, the APR will be 27.24%-39.24%.
Keep in mind that there is no annual fee for this card, making it an excellent choice for those who want to pay their insurance premiums with convenience.
Amex Gold Card
If you’re looking for a credit card that can help you save money on your insurance premiums, the Amex Gold Card is a great option. The card offers an annual fee of $95, but it offers a range of benefits that can make up for it.
For example, the Amex Gold Card offers 3 percent cash back on all purchases, which can help you save money on your monthly insurance premium.
Additionally, the card has no foreign transaction fees, so you’ll be able to keep more of your money when making purchases overseas. Finally, the card has a 0 percent introductory APR for the first 12 months, so you can start saving right away.
Discover it® Cashback
If you’re looking to pay for your insurance premium with a credit card, Discover it® is the top choice. Discover offers both cash back rewards and bonus points that can be used towards your purchase. In addition, Discover offers an easy-to-use online account that makes payment processing simple.
Plus, if you have eligible insurances with Nationwide, the company will give you a $50 statement credit when you make your first purchase each year throughDiscover.com and write a review of the card on their website.
Learn more about how to get the most out of your Discover It credit card by visiting their website today!
American Express® Gold Card
If you’re a cardholder of American Express, your card is one of the best ways to pay for your insurance premium. Amex offers some great benefits, including:
* 24/7 customer service
* No annual fee
* Reduced rates on travel and car rental insurance
* Travel accident insurance
* And much more!
There are a few things to keep in mind when using your Amex card to pay for your insurance premiums.
First, always make sure that you’re comparing rates before choosing a credit card. Second, make sure that you understand the terms and conditions of your policy.
Third, be aware that Amex offers some great discounts on travel accident insurance and other coverage. If you have an Amex card, be sure to take advantage of these benefits!
If you’re looking to pay your insurance premium with a credit card, here are the top five cards to consider. Each card offers different rewards and benefits, so it’s important to choose the one that best suits your needs.
Whether you want a card that charges no annual fees or one with great travel perks, we’ve got you covered.