Tuesday, August 24, 2010

I have a credit card with points. Is there anyway to pay my mortgages with it to earn rewards?

Contact your mortgage company and have your mortgage payment come out of your credit card each month.I have a credit card with points. Is there anyway to pay my mortgages with it to earn rewards?
No point, the interest your paying on the card will always be significantly higher than your mortgage, The extra interest you will pay on the credit card will never make any reward worthwhile.I have a credit card with points. Is there anyway to pay my mortgages with it to earn rewards?
No. Your mortgage company would then have to pay the credit card fees that vendors take when they let you charge. Even if they did, they'd charge those fees to you and that's not worth some credit card points.





Charging to a card for points is only worthwhile if you are paying your bill off every single month, in full. Otherwise, you should stop using your credit card and get them paid off. Get on a written budget that accounts for everything you earn, and live within that budget.

No comments:

Post a Comment