Pay mortgage or auto loan with CC?

Discussion in 'General Discussion | Miles/Points' started by lichenlt, Apr 18, 2011.  |  Print Topic

  1. lichenlt
    Original Member

    lichenlt Silver Member

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    Is there a way to pay with CC so that I can earn some miles?
     
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  2. misman
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    misman Gold Member

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    Your mileage may vary, but I haven't found a way. There are some Banks that will allow a bill-payment from a credit card, but most of those do them as a cash-advance (with the related fees) and don't provide miles.

    I guess that, theoretically, you could fund your PayPal account with your credit card and do it from there... but I've never tried.
     
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  3. MrPiggy
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    MrPiggy Active Member

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    Yes there is for many mortgages and car loans but you have to pay a % fee that probably doesn't make it worthwhile for the typical mileage earning credit card.
     
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  4. Peter Smith

    Peter Smith New Member

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    Usually Mortgage Service providers do not allow borrowers to make direct payments using their credit card. Although, some of the bill paying service which do allow payment via a credit card may not provide any reward to you. The easiest and quickest form of loan can be provided by the pawn brokers against any valuable item you possess.
     
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  5. satman40

    satman40 Gold Member

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    The easiest way is buy some SMGC, spend 69 cent grocery store get a MO, and pay the bill.

    Have not made a house payment since 85, and quit making vehicle payments before that..

    I load Serve Cards to make sure I get the spend on a new CC.
     
    Last edited: Jul 15, 2015
  6. viguera
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    viguera Gold Member

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    I've used Chargesmart several times for both mortgage and car payments with no issues.

    The only problem is the cost... it's the usual 2.7 to 3% when using a credit card (debit card is slightly less) so you're paying a premium for the points.
     
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  7. satman40

    satman40 Gold Member

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    I have bought a lot of VISA GIFT Cards from Office Depot and Stapleswhen they have their Rebate Programs..

    Using Chase INK we get 5 X on the points..
     
  8. euromannn
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    euromannn Gold Member

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    Merchants pass on costs of charge card to you so check before using CC.

    Small purchases merchants pay the 2.5% VISA/AMEX/MasterCard/Bank fee but on large transactions they just markup the asking price if using a credit card.
     
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  9. cybaslacka

    cybaslacka Silver Member

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    delete
     
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  10. Brion

    Brion New Member

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    Plastiq has (had?) a promotion for 1.9% for new registrants. I've paid my last two mortgage payments using that service.
     
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  11. satman40

    satman40 Gold Member

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    I would use the SERVE CARD, I pay many of my bills, even legal fees, and contractor fees,

    We just have SERVE send them a check,

    I would assume if you put the account number on the check your account would receive the credit.

    I have never made a vehicle or loan payment this way, my wife and I both use this so $10k in spend extra from CC.
     
  12. PointyWings

    PointyWings Silver Member

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    SMGC?? Could you please elaborate?
     
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  13. satman40

    satman40 Gold Member

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    Simon Mall Gift Cards, $4.00 per $500.00 Gift Card, then load your Serve Card at WM or get a Money Order 70 cents.,

    So $700.00 for 100,000 miles, or 125,000 SPG...
     
  14. TooManyMiles100

    TooManyMiles100 New Member

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    the best thing you can do is make deals with people you owe money too...so I'll pay for your groceries this week...instead of giving cash... that'll get you the points. I did this and got 100k points saved up in 1 year of paying as much as I could in credit card...so for instance I owed rent every month.I got my roommates groceries every month which was 300....with my credit card...then I paid $900 more in with debit....but thats 300 more points per month!!
     
  15. satman40

    satman40 Gold Member

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    It is not always a good idea to pay other people bills with your credit card..

    I suspect at some point other people will forget to pay you back.

    I even loan money to my wife, and she tells me she will put the check in my casket, before they cremate me...:mad:

    Why not collect the rent from your roommates, and then pay the LandLord with a check from your Serve Account, most LL only want to see one rent check from each property...
     

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