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Tyler, Professional Researcher & Musician
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Can one put their mortgage payment on a credit card (to accrue

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Can one put their mortgage payment on a credit card? (to accrue airline points) and pay it off within the 28 days or so?
Submitted: 6 years ago.
Category: General
Expert:  Tyler replied 6 years ago.

Thanks for your question. It all depends upon the bank or finance company who holds your mortgage. Sometimes payments for large purchases such as cars or homes cannot be put on credit cards for different reasons. Often the main reason is to keep their clients in a better financial position. In most cases, making such a large payment on a credit card gets people deeper and deeper into debt, thus putting them at risk for default on a loan. Some finance companies try to avoid this by accepting payments only by check or debit card.

Simply contact your lender to find out their specific policy on what types of payments they receive. If they don't allow payment by credit card, you might see if they allow it by check card/debit card with a credit card logo. Many banks and credit unions offer rewards programs that are similar to credit card reward programs. Making a regular mortgage payment via this method would accrue points pretty quickly. If you don't have a debit card it might be worth getting one simply for the rewards. I hope this information is helpful to you! If so, please click "Accept" so I can be compensated for my time. Positive Feedback is always greatly appreciated, and will be returned! If you have any further questions or need clarification, please click "Reply" so I can continue to work with you on this issue. Best wishes!

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