If you did, you would still have to find the money when the credit card bill comes due, and you could be racking up more interest. Unless this is purely a matter of convenience, I'd think very carefully about doing that.
No mortgage company directly accepts credit card payment, only debit cards. Historically, you could only use your cash advance checks to pay your monthly mortgage bill with a credit card. However, just launched this year, two companies are allowing direct payment.
reload credit card
The money for your monthly credit card payment typically comes from your bank account or other sources of income, such as a paycheck or savings.
Using a credit card to pay your mortgage directly is generally not possible, as most mortgage lenders do not accept credit card payments. However, some services allow you to pay your mortgage with a credit card by converting the payment into a cash advance, which may incur high fees and interest rates. It's important to weigh the costs and risks associated with using a credit card for this purpose. Always check with your lender for their specific payment options.
Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.
No mortgage company directly accepts credit card payment, only debit cards. Historically, you could only use your cash advance checks to pay your monthly mortgage bill with a credit card. However, just launched this year, two companies are allowing direct payment.
reload credit card
The money for your monthly credit card payment typically comes from your bank account or other sources of income, such as a paycheck or savings.
The rules for credit card payment at Home Depot is their monthly payment has to be received by the due date specified on their credit card statement or they could receive a late charge.
By Mail. By Phone. Online.
800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.
Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.
American Express is the only credit card that has a card which requires a payment in full each month. Mastercard, Visa, Discover and some American Express Cards all allow for a partial monthly payment.
To calculate the monthly credit card payment, you can use the formula: Payment (Balance x (Interest Rate/12)) / (1 - (1 Interest Rate/12)-Number of Months). This formula takes into account the balance on the card, the interest rate, and the number of months you want to pay off the balance.
Three to five percent of the statement balance.
There should be an address to mail payments to - on the reverse of your monthly statement.
If it is convenient but credit card interest can be as high as 45%. It is unlikely to be a good idea if you do not clear the balance monthly.