Some colleges let you pay tuition with a credit card — here's how to determine if it's worth it, and what card to use if it is

Business Insider | 10/9/2019 | Laura Grace Tarpley
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Paying college tuition with a rewards credit card can help you reach financial goals or earn points, but you need to be aware of the potential drawbacks, like high interest rates if you can't utilize a 0% intro APR offer.

It's less common for private schools to accept credit cards than public colleges, but there are 13 noteworthy private institutions that will let people pay with a card


Credit - Cards - Bonuses - Rewards - Spending

Credit cards that offer high welcome bonuses, rewards for meeting spending thresholds, or introductory 0% APR periods can be great options for paying tuition. Some such cards include the Hilton Honors American Express Surpass® Card, Delta Reserve® Credit Card from American Express, and the Discover it® Cash Back.

Also consider credit cards that offer a strong return on your spending, such as the Capital One® Venture® Rewards Credit Card with 2x miles on every purchase and the Chase Freedom Unlimited with 1.5% back.

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When paying online for college tuition, you'll see a list of payment method options: financial aid, 529 plan, wire transfer, e-check, debit card, and credit card.

Someone - College - Tuition - Credit - Card

You may be wondering, "Why would someone pay college tuition with a credit card?" Initially, it seems like a financial taboo. But as is the case with many financial decisions, there are times when putting tuition on a credit card is the right move, and times when it isn't. You decision will depend on a variety of factors, including interest rates, convenience fees, the college in question, and, of course, which card you use.

Keep in mind that we're focusing on the rewards and perks that make these credit cards great options, not things like interest rates and late fees, which can far outweigh the value of any rewards.

Credit - Card - Rewards - Practice - Discipline

When you're working to earn credit card rewards, it's important to practice financial discipline, like paying...
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