Put Your Mortgage On Your Credit Card & Earn Rewards
American Express has now announced that it will allow borrowers to put their mortgage on their amex cards get earn points!
Its great for AMEX because some of the borrowers will be late and incur penalties of 15-28%! Of course of the savvy ones will also earn a lot more reward points than they normally could.
If I could put all my rental properties on this program, I could probably earn a free ticket to anywhere in the world every year! I’m not a big fan of this idea in principle, but a free ticket is enticing.
Anyway, you can read more about it here.
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May 29th, 2007 at 3:18 am
If pay ontime and in full credit cards will be only a pleasure. AmEx always gives great opportunities.
May 29th, 2007 at 8:56 am
I think this is a good idea for people who pay their mortgage on time and their credit card bills in full…consistently.
For everyone else…this is a train wreck just waiting to happen! This can really rack up serious finance fees.
June 5th, 2007 at 2:32 am
I think AmEx credit cards are always of priority because they offer low rates and good service.If they invent smth new, will see the results.