I currently have a student loan that charges me interests every 1st of each month. The interest rate is about 3.5 to 5.5%. Can I use my credit card to pay off an amount of the loan at date of 25th for example, and then, once the 1st has passed, I retake money from my loan and repay my credit card (for example on the 5th) to save interests ? (and since I pay my credit card before having interests)
I ask because it doesn't make sense to me that the bank hasn't thought of that, therefore, I'm sure I must be in the wrong here.
Aditionnal info: I live in Canada