It’s only under limited circumstances that the average person might benefit from charging mortgage payments to a credit card. First, you’ll need to find a third-party payment processor that lets you use your credit card to pay your mortgage company.
Second, you’ll need to earn credit card rewards that exceed the payment processing fee. Third, you’ll need to pay your credit card balance in full.
Ideally even before your statement is issued, not only to avoid paying interest. But also to avoid affecting your credit utilization ratio and possibly hurting your credit score.
If you can do all these things, paying your mortgage with a credit card might pay off.
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