Best Credit Cards To Pay Your Insurance Premium. Buying insurance is common, 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 their insurance premiums. What does this mean for you?
If your credit score is low, using a high-yield credit card for insurance may cost you more in the long run. Here are five cards with low fees and no annual fees:
How to save by paying your insurance with a credit card
Paying for your insurance with a credit card can save you money. Credit cards offer flexible payment options to help you manage your finances and avoid late fees. Here are three ways to pay for your insurance with a credit card:
- Use a 0% APR credit card for insurance premiums. Many credit cards offer 0% APR on insurance premiums, which means you don’t have to pay interest on your premium balance until it’s paid in full. This can be a great way to save money while getting low interest rates on your purchases.
- Pay off your high interest debt first. If you have high-interest debt that costs you money every month, try to pay it off before you pay your credit card insurance premium. This will help you get lower interest rates on future purchases and potentially save you hundreds of dollars over the life of the debt.
- Set up automatic payments from your bank account. If you don’t have money to pay for insurance right away, set up automatic payments from your bank account so you always have cash available when you pay. Thus, you don’t have to worry about missing an installment or delaying payment, which can result in higher interest rates and penalties on future debts.
Chase Sapphire Preferred
If you’re looking for a top-notch credit card to cover your insurance premiums, Chase Sapphire Preferred is a great choice.
This card offers amazing rewards and benefits, including an annual fee of $95. However, the card comes with some limitations that may affect your ability to use it for insurance. First, Chase Sapphire Preferred is not accepted in many places that offer insurance policies.
Also, this card does not have direct deposit options, which can make it difficult to get reimbursed in the event of an accident. or injury. However, if you are looking for a quality credit card that can save you money on your insurance premiums, Chase Sapphire Preferred is definitely worth considering!
If you have a Citi Prestige credit card, paying your insurance premiums is easy. Receive an introductory APR of 0% on all qualifying purchases in the first 12 months, then a variable APR of 14.24% to 26.24%. After that, the APR ranges from 27.24% to 39.24%.
Remember, this card has no annual fee, making it a great option for those who want to pay their insurance comfortably.
Amex Gold Card
If you’re looking for a credit card that will help you save money on your insurance premiums, the Amex Gold Card is a great option. The card offers a $95 annual fee, but it has a number of benefits that can make up for that.
For example, the Amex Gold Card offers 3% cashback on all purchases, which can save you money on insurance premiums each month.
The card also has no foreign transaction fees, so you can keep more cash when shopping abroad. Finally, the card has an introductory APR of 0% for the first 12 months, so you can start saving right away.
Discover it® Cashback
If you intend to pay your insurance premium by credit card, Discover it® is the best choice. Discover offers cashback rewards and bonus points that can be used towards your purchase. In addition, Discover offers an easy-to-use online account that simplifies payment processing.
Also, if you have eligible Nationwide insurance, the company will issue a $50 credit on your first billing purchase each year. Discover.com and write a card review on their website.
Learn more about making the most of your Discover It credit card by visiting the site today!
American Express® Gold Card
If you are an American Express cardholder, your card is one of the best ways to pay your insurance premium. Amex offers great benefits, including:
- 24/7 customer service
- No annual fee
- Reduced rates on travel insurance and car rental
- Travel accident insurance
- And much more!
There are a few things to keep in mind when using your Amex card to pay your insurance premiums.
Always be sure to compare rates first before signing up to choose a credit card. Second, make sure you understand the terms of your policy.
Third, note that Amex offers deep discounts on travel accident insurance and other coverage. If you have an Amex card, be sure to take advantage of these benefits!
If you want 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 fits your needs.
Whether you want a card with no annual fees or great travel perks, we’ve got the card for you.