“Eventually something is going to blow up.”That said, paying your mortgage with a credit card can make sense in a few circumstances, such as when you’re trying to earn a credit card sign-up bonus.
How to pay your mortgage with a credit cardIn general, mortgage companies and mortgage loan servicers do not accept credit cards as a form of payment.
If you plan to buy gift cards with your credit card and use them to pay your mortgage, it’s important to review your credit card issuer’s policies first.
Most people consider paying their mortgage with a credit card for one of two reasons—they want extra time to make their mortgage payments or they want to earn credit card rewards.
Potentially, yes: You want to earn credit card rewardsThere is one scenario where paying a mortgage with a credit card may make sense.
Persons:
Michelle Lambright, ”, Jeff Rose, Plastiq, it’s, LaToya, “, You’re, Cash, Kevin Payne
Organizations:
Mastercard, Western Unions, Chase, Capital, Federal Reserve
Locations:
Plastiq, Birmingham, It’s