I'm thinking about setting up some of my bigger bills to be paid via credit card, namely my mortgage. I figure I could be getting rewards money for purchases I have to make anyway. Right now we charge our groceries and some other things to the credit card and pay it off every couple of weeks, so it seems like the same philosophy.
But I'm nervous to try it for some reason. Does anyone else do this? Any advice or cautionary tales?
Paying the mortgage w/ credit card?
February 16th, 2011 at 03:35 pm
February 16th, 2011 at 03:58 pm 1297871881
I absolutely would do it - would be another $270 per year credit card rewards, for us (directly to our ROTH account).
Okay - so I googled and the first thing that popped up is there is a way to pay mortgage (& maybe other bills) with my newer Fidelity rewards card. I may have to kiss your feet if it works. I got our health insurance set up through the cc this year - which earns us $175 per month. Between the two, that's almost $40/month savings PLUS buys a little float.
February 16th, 2011 at 03:59 pm 1297871950
February 16th, 2011 at 03:59 pm 1297871955
February 16th, 2011 at 04:10 pm 1297872654
If you can figure out how to do it without a fee, let us know how.
February 16th, 2011 at 04:21 pm 1297873305
February 16th, 2011 at 06:08 pm 1297879690
February 16th, 2011 at 06:20 pm 1297880410
February 16th, 2011 at 06:50 pm 1297882215
February 16th, 2011 at 09:15 pm 1297890937
I shall have to go through my other bills and see if I can set any of them up to pay via credit card. Now I'm wondering if there are others that only accept checks or debit. Condo association, student loans ... hmm.
This may be harder than I thought! My only concern had been about whether it's complicated to remember to pay the credit card every time there's a payment.
February 16th, 2011 at 09:45 pm 1297892725
February 16th, 2011 at 10:56 pm 1297896975
Again we do it this way because we have an interest only mortgage. Otherwise, I don't think it is worth doing it this way. Unless of course you can get rewards for it. For some reason it works for us.
February 16th, 2011 at 11:01 pm 1297897284
I also charge almost everything (including) food on my credit card. I like the year end summary showing the details of my spending.
I only advocate this if you are able to pay these bills in full when they become due.
February 19th, 2011 at 03:40 am 1298086854
February 19th, 2011 at 12:03 pm 1298116993
Jerry