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Updated about 1 month ago on . Most recent reply

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Anna Cerda
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Innovative Strategies

Credit Cards to Pay the Mortgage

Anna Cerda
Posted

Hi Real Estate Gurus,

I have a question/curious if anyone here has used any credit cards to pay their monthly mortgages.  I've looked into ideas and have found two:

1. Plastiq- they charge 3% fee

2. Pre-paid card to be purchased with your credit card and then buy a money order- seems burdensome- not sure if totally doable.

If anyone has thought of strategic ways and would share, TIA.

Anna 

New York City, New York
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Chris Seveney
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Quote from @Anna Cerda:

Hi Real Estate Gurus,

I have a question/curious if anyone here has used any credit cards to pay their monthly mortgages.  I've looked into ideas and have found two:

1. Plastiq- they charge 3% fee

2. Pre-paid card to be purchased with your credit card and then buy a money order- seems burdensome- not sure if totally doable.

If anyone has thought of strategic ways and would share, TIA.

Anna 


 In most cases, your servicer will not accept payments via credit card. Also why would you want to do this, you then are paying interest on interest??? 

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