Pay Mortgage With Credit Card For Points

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Well, that’s right, I’ll show you step by step how to do it.

Pay Mortgage With Credit Card For Points

It’s not always possible to pay off your mortgage debt with a credit card or gift card, but in this blog post I’ll show you how to use a service called Plastiq to get rid of your growing gift card debt.

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If you have gift cards that haven’t been redeemed in months or years, this method may work for you.

There are additional shipping fees associated with each payment, which are broken down in the table below. These fees include our fees associated with remittance at your seller’s discretion (such as dishonored checks or wire transfer fees through partner banks). These charges are explained on the checkout screen prior to checkout and are included in “Shipping Fees”. Plastiq.com

Although Plastics charges a 2.9% service fee and shipping fee, it’s worth it if you don’t have other ways to get cash back on your MasterCard gift card.

If you ask me, using my gift cards to pay off my debt is a better option than not using them at all.

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Before using credit, make sure your mortgage lender or credit union accepts PayPal Bill Pay (PPBP).

Paypal Bill Pay accepts mortgage payments by credit card, only if approved by the lender. However, it’s worth the effort!

If your creditor accepts credit card payments with Paypal Bill Pay, you’ve struck gold because you completely protect your credit card/credit card transactions when using it.

This is the best and cheapest way to send a mortgage using your debit and credit cards.

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The only downside is that not all mortgage companies accept PayPal Bill Pay, and not all accept credit cards, but they often add new coupons, so check back from time to time.

The gift cards I use to pay my mortgage are sold through credit cards that earn points when spent at other merchants.

For example, the Chase Ink Business Cash® Credit Card earns 5 Chase Ultimate Rewards per dollar spent at office stores such as Staples or Office Depot.

Staples and Office Depot often have gift card promotions where you can buy a Master Card gift card.

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I often use Hyatt to get free stays at top destinations or to fly first class cabins on United, Air France, Singapore Airlines and many others.

I’m ahead because I get 5% travel rewards when I use my Chase Ink Business Cash® credit card to buy Mastercard gift cards at retail stores.

How come Plastic charges a 2.9% service charge. When I crunched the numbers, a 5% interest rate of 2.9% in plastic fees is a 2.1% return on the dollar using this strategy.

However, it is more convenient than sending money directly from my bank account, and it has zero fees.

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Update: Considering that each gift card now adds $0.99 to $1.49 in shipping, check to see if this return method is still cost-effective for you. If you have other ways to earn money, I would spend those gift cards elsewhere.

We offer free gift cards to our Facebook group – Itinerary and Points. Join the scores of other enthusiasts!

This strategy only works for those willing to pay the 2.9% Plastiq fee and shipping fee when redeeming a Master Card gift card purchased using a rewards transfer credit card.

It also works with Mastercard credit cards, so it can be a great way to qualify for a Sign Up Rewards (SUB) using your Mastercard card.

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Regardless, before using Plastiq, first crunch the numbers and consider the service worth it.

As mentioned above, payments at retail stores require a credit card with rewards.

Chase is currently offering an amazing welcome bonus for the Chase Ink Business Cash® Credit Card, with no annual fee and $5 back at office stores.

However, since it’s a business card, you’ll need some tension before facing it.

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The following related posts show the steps on how to apply for your first Chase business credit card.

Look for gift card sales at retailers like Staples and Office Depot/Max.

Buying discounted gift cards is one of my favorite ways to get cheap flights or free hotel stays.

As mentioned above, we knowingly post these gift cards on the Travel & Destinations Facebook group. It’s free to join!

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If you have the luxury of time, you can visit the store multiple times during the campaign week.

I recommend calling the store before driving to make sure gift cards are not sold out.

Both Staples and Office Depot/Max allow one transaction per person per day, so you can use your shopping card every day.

Since the Chase Ink Business Cash® Credit Card earns cash back points, the next step is to convert those points into Chase Ultimate Rewards points, which can be transferred to many Chase travel partners.

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Transfer your cash back points from the Chase Ink Business Cash Credit Card to one of our premium cards like the Chase Sapphire Preferred Credit Card or the Chase Sapphire Reserve Credit Card and earn more from Chase partners.

You can specify how you want to deliver to the recipient. Your options include ACH, check or payment.

After saving the recipient, click the arrow below and select the organization you want to send your money to.

Since each Mastercard gift card is $200, I deducted the 2.9% fee and entered the difference in the amount field ($194.36).

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Since we are paying with Master Card gift cards, we need to access each card by clicking the “+ New Payment Method” button.

Plastiq makes it easy to store your payment information on the website so you don’t have to enter it every time. I only cancel my card when I know the merchant has received my payment.

Since I am sending several payments to the mortgage lender, I plan to pay all my bills at once before the due date.

If you arrange for all your payments to arrive via plastic at the same time, they will be sent as one payment.

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If I send a small amount of money to the mortgage lender via plastic or anything else (like other bank payments), I call the lender periodically to let them know. For example, he wrote Wells Fargo

My account says that all future payments will go toward the monthly mortgage payment instead of the down payment. They are

Now my account has a permanent reminder that all payments are for mortgage payments.

The advantage of using Plastiq is that it allows me flexibility in sending money.

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This allows me to simultaneously close an unused Mastercard gift card and use a new Mastercard credit card to meet the minimum spending requirement. Some of them can be paid in cash.

It’s not uncommon for a mortgage lender to send a monthly mortgage payment in 2-3 installments.

You can use this text: “I’m sending a small amount of money over the next few weeks. Can you please explain that I want the future money in my account to be applied to the monthly loan instead of the principal? Thanks!”

After I sent the above request to Wells Fargo, all of my communications contained the following statements:

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Special Disbursements: Payments received are not applied to the fund, but instead are held as contingency funds (listed in the Accounts section above). If enough money is received to make a full payment, the money will be applied to the loan.

Although Plastic accepts payments by personal credit card, there is a $10 per month limit. Plastics will deduct fees above this amount.

I have inconsistent data points. On some days, Plastics stops paying after five gift cards. Sometimes, it takes more than ten.

If you stop receiving plastic after 5, you can use their service again

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