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Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
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Has anyone found a way to pay their mortgage with a miles card?

Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
Posted Jul 19 2017, 13:42

Has anyone found a way to use a rewards credit card to pay their mortgages?

If there was a way to pay the mortgage with one of these cards you would get a lot of miles a year.

If you had 5,000 a month in mortgage 5000 x 12 months (1 dollar a point)

60k miles - 2 flight

That would be fine by me.  Just pay using my card and at the end of the year, i get 2 tickets for free.

Here is the rub, the mortgage companies will not take a card for payment.  you can take a cash advance or buy a money order, but it all starts to get complicated and the fees start to eat up the rewards. 

Any suggestions?

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