Can You Pay Mortgage With a Credit Card?

If you want to pay your mortgage, it may be tempting to use your credit card. However, this practice can harm your credit score and lead to a host of unwanted fees. Instead, it is better to use a check and save yourself the hassle. Plastiq, a mortgage company, offers this alternative. You can learn more about Plastiq, American Express, and VISA pin-enabled gift cards, or check the instructions provided by your lender.


There are a few limitations, however, with paying your mortgage with credit cards. First of all, you cannot pay with a Capital One card. This includes a mortgage, home equity line of credit, auto loan, student loan, and other types of loans. You also cannot use an American Express card to pay a mortgage. However, if you have an American Express card, you can use it to pay other bills, including rent. To pay with your credit card, you must use the corresponding Plastiq payment page.

The processing fee is 2.85%. While this is lower than the late fee charged by a traditional bank, it is still higher than the cash-back rewards you may earn from a credit card. For example, if you pay a $1,500 mortgage with a credit card, Plastiq will charge you $43, or 1% of the total. You would lose money on the transaction if you had 2% cash-back on that same amount.

American Express

You can pay your mortgage with an American Express credit card. The company offers a range of financial products and services, including charge and prepaid cards. However, it has traditionally stayed out of home lending. But now, you can get a statement credit of $2,000 or $6,000 when you pay your mortgage with your American Express credit card. Here’s how it works:

First, you can extend the time you have to pay your mortgage. Most credit cards will give you up to 25 days of interest-free borrowing. Then you have to make your monthly payments in full. This extra time may be helpful if you have an irregular income or are waiting for a big payment. If you have a flexible budget and don’t need the money immediately, paying your mortgage with a credit card can be an excellent solution.

VISA pin-enabled gift cards

If you’re looking to save on your mortgage payments, consider using VISA pin-enabled gift cards. These cards can be loaded with a credit or debit card and can be used for mortgage payments, just like a regular debit card. Buying them with your credit card will earn you rewards, which are great for paying big bills like mortgages. Most people use airline or travel rewards cards to purchase these cards.

If you’re looking for a gift for someone, consider a Visa or MasterCard gift card. You’ll be able to choose from a wide variety of designs and denominations, and you can use them anywhere Visa debit cards are accepted. You can also use them online. Make sure to read the terms and conditions before using them, and remember to register them. They’ll come in handy if your recipient loses or misplaces their card.

Money orders

Although there are many benefits to using money orders, they do carry some risks. For one thing, you’ll be charged a fee for using them, and money orders are treated as cash advances by your credit card company. You’ll also be charged interest on the amount immediately, and the interest rate could be higher than you’d normally pay for purchases. In order to avoid these risks, it’s best to use money orders only to pay debts you can’t pay in cash.

While money orders are a safer form of payment than cash, they can be difficult to deposit at some banks. First of all, you need to know where you’re depositing the money order. Most banks will accept them as long as the payee’s name is on it. You’ll also need to sign the back of the money order before it can be cashed. Once it’s cashed, however, you won’t be able to change it later.

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