This one makes me so mad I can't even begin to formulate a coherent respose.
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Heck I my bills, all I want is the ability to put my mortgage on credit card autopay so I get my 3% cashback.
That would be an awesome wad of cash at the end of the year.
This is a financing strategy I had never envisioned. Is there really a way to do that?
I don't know what current policy is for most organizations but I tried making a large purchase of a vehicle on a card to gain the points but they would only allow something like $4000. on the card.
Would it be wise to put a mortgage on a credit card? I guess it would if you did automatic monthly bill pay to the mortgage lender via the card and then paid your credit card in full before the interest capitalizes on it, which would have to be pretty fast because it seems the second a charge appears on a credit card, they start charging you interest. You'd have to pay the card off before you even got the bill in the mail. Otherwise, you are eating into your 3-percent cash back by paying double interest on your loan -- once to the mortgage lender, say 6 percent, and a second time to your credit card company at, say, 14 percent, depending on what kind of rates you were able to negotiate. ???