Is there any way to make my monthly house payments with a credit card?
- Kourtnie DLv 41 decade agoFavorite Answer
A lot of times you can get a check from your credit card company, but most cards do not offer bonus points such as air miles or the other incentives when you are making a payment for a Mortgage their card. Make sure if this is your goal you check with the individual company. If you make a payment to your mortgage company on a credit card make sure you pay the total balance every 30 days. If you don't then you will be paying not 1 but 2 interest rates. First the interest on the mortgage then The interest for charging the mortgage.
The E.D.A. Group
- Anonymous1 decade ago
Only your mortgage company can tell you if they accept credit cards or not. Surely you can get a cash advance on the credit card and pay some ridiculous cash advance fee plus some insane amount of interest as well if money is no object. It doesn't make much financial sense to have a 5-7% interest rate mortgage and then compound it with a 10-24% interest rate credit card. If you are at the point of having to put your mortgage on a credit card, you might not be able to afford that house for much longer. I sense you have some serious financial problems that a credit card isn't going to be the answer to. If you put the mortgage onto a credit card this month, what happens next month and the next month???
- 1 decade ago
It's unlikely. Your mortgage company probably doesn't want to give up a cut of that "sale" to cover the credit card costs. Don't do a convenience check or anything to get cash to pay your mortgage either; interest on cash advances accrues immediately, no grace period...so you'd be paying your credit card interest rate on top of your mortgage rate!