Comments on: Paying Your Mortgage Payment With Your Credit Card http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 20:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jacquelyn Hart-McCoyhttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5397 Jacquelyn Hart-McCoy Tue, 11 Dec 2007 17:34:10 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5397 Your right. :-) Your right. :-)

]]> By: Tysonhttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5396 Tyson Tue, 11 Dec 2007 11:30:02 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5396 This makes sense only if you have very good credit history and you are eligable for very good credit card deals with rewards and rebates. $400 - that's a lot to get in rewards. And don't forget about APR! This makes sense only if you have very good credit history and you are eligable for very good credit card deals with rewards and rebates. $400 – that’s a lot to get in rewards. And don’t forget about APR!

]]> By: authorhttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5393 author Tue, 11 Dec 2007 02:40:34 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5393 Jacqui, you're one of those exceptions. My point is that I would never advise someone to do this, because I wouldn't want it in my conscience if they "told" me they were good about paying their card off every month, but really weren't good at it. Sounds like you're playing the system. I love it! Jacqui, you’re one of those exceptions. My point is that I would never advise someone to do this, because I wouldn’t want it in my conscience if they “told” me they were good about paying their card off every month, but really weren’t good at it. Sounds like you’re playing the system. I love it!

]]> By: Jacquelyn Hart-McCoyhttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5391 Jacquelyn Hart-McCoy Mon, 10 Dec 2007 18:56:56 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5391 I think this issue is a very indiviual one. I use my credit card for everything (except my mortgage which charges a fee to pay that way so it makes no sense for me.) I end up making about 30-50 bucks a month from the cc company in cash rewards. How can I pass up this "free" money? I can totally see how some people really shouldn't use there cc because it causes temptation to over spend. But I can honestly say I have always been frugal and not much of a spender. I have always paid it off in full each month. With inflation out of control, every dollar I put back into my pocket helps. I love that I can use my card to help me a little me. I think this issue is a very indiviual one. I use my credit card for everything (except my mortgage which charges a fee to pay that way so it makes no sense for me.) I end up making about 30-50 bucks a month from the cc company in cash rewards. How can I pass up this “free” money? I can totally see how some people really shouldn’t use there cc because it causes temptation to over spend. But I can honestly say I have always been frugal and not much of a spender. I have always paid it off in full each month. With inflation out of control, every dollar I put back into my pocket helps. I love that I can use my card to help me a little me.

]]> By: Cris Nalehttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5390 Cris Nale Sun, 09 Dec 2007 19:01:16 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5390 No one can argue against the just use cash point of view, but I think most people use these services as a cash management tool and aren't simply trying to maximize the 30 day statement period. There are plenty of people who don't get paid on a regular basis and need a tool to help with the valleys and peaks of sporadic income. Despite the vocal majority, most Americans use credit cards responsibly. For just miles, the AMEX program is pretty much a wash with the $400 fee. There is also another service Cardit that is 2.49% of your payment to use. I've further seen some credit cards like Ditech where the rewards are used to pay your mortgage. Probably not for everyone, but I feel it's encouraging to see new payment options directed towards housing. No one can argue against the just use cash point of view, but I think most people use these services as a cash management tool and aren’t simply trying to maximize the 30 day statement period. There are plenty of people who don’t get paid on a regular basis and need a tool to help with the valleys and peaks of sporadic income. Despite the vocal majority, most Americans use credit cards responsibly.

For just miles, the AMEX program is pretty much a wash with the $400 fee. There is also another service Cardit that is 2.49% of your payment to use. I’ve further seen some credit cards like Ditech where the rewards are used to pay your mortgage. Probably not for everyone, but I feel it’s encouraging to see new payment options directed towards housing.

]]> By: authorhttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5388 author Sat, 08 Dec 2007 23:14:34 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5388 I agree with you Finance. Ever since I went to a lifestyle of strictly cash, I have felt more at peace with my finances. Even if I had the cash to pay off my credit card bills every month, it would still make me feel more uneasy, because of the added temptation that it gives me to use the money for something else rather than paying the bill. I agree with you Finance. Ever since I went to a lifestyle of strictly cash, I have felt more at peace with my finances. Even if I had the cash to pay off my credit card bills every month, it would still make me feel more uneasy, because of the added temptation that it gives me to use the money for something else rather than paying the bill.

]]> By: barry b.http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5387 barry b. Sat, 08 Dec 2007 22:10:08 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5387 Great post! People need to stop using credit period right now. Americans are overstretched big time on personal as well as National Debt obligations - and our government is increasing spending in all programs. The future of our economy doesn't look good - stop using credit and start saving. Yes - do without!! Great post! People need to stop using credit period right now. Americans are overstretched big time on personal as well as National Debt obligations – and our government is increasing spending in all programs. The future of our economy doesn’t look good – stop using credit and start saving. Yes – do without!!

]]> By: thebagladyhttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5386 thebaglady Sat, 08 Dec 2007 21:52:26 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5386 as far as I know the rewards on amex cards top out at 1% for these programs. So that means the mortgage payer needs to pay a $40000 mortgage a year to break even? Having more debt to get "rewards" is kind of silly. as far as I know the rewards on amex cards top out at 1% for these programs. So that means the mortgage payer needs to pay a $40000 mortgage a year to break even? Having more debt to get “rewards” is kind of silly.

]]> By: FinanceAndFathttp://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5385 FinanceAndFat Sat, 08 Dec 2007 13:37:04 +0000 http://www.moneycrashers.com/paying-your-mortgage-payment-with-your-credit-card/#comment-5385 I tend to agree. You can't argue that people make money with the rewards programs, but that isn't the key to great wealth either. It really depends on the individual. I feel more in control of my money now that I am using cash and I don't need the credit card temptation right now. I tend to agree. You can’t argue that people make money with the rewards programs, but that isn’t the key to great wealth either. It really depends on the individual. I feel more in control of my money now that I am using cash and I don’t need the credit card temptation right now.

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