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Nationwide Overpayment by Credit Card
geraint83
Posts: 211 Forumite
Hi,
I've tried searching for a previous post on this topic but couldn't find one.
Over recent months, I've been making regular £500 overpayments on my Nationwide fixed mortgage via bank transfer. However, does anyone know if it's possible to make these overpayments via credit card, and if so would it count as a 'cash advance' on the credit card statement?
I thought that if it was possible and not categorised as a cash advance, it would be a good way of getting more cashback on my Egg Money Card.
Many thanks!
I've tried searching for a previous post on this topic but couldn't find one.
Over recent months, I've been making regular £500 overpayments on my Nationwide fixed mortgage via bank transfer. However, does anyone know if it's possible to make these overpayments via credit card, and if so would it count as a 'cash advance' on the credit card statement?
I thought that if it was possible and not categorised as a cash advance, it would be a good way of getting more cashback on my Egg Money Card.
Many thanks!
0
Comments
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I know there is a thread about this over on the stoozing website. Tried to find it to post you a link, but no luck.Mortgage started May 08 @ £144,499 for 35 yrs:eek: Must get mortgage sub £100k by xmas 2011
Current balance/total OPs/total interest saved/months saved
£111,000.00/£27,336.40/£96,025.57/1560 -
Ok thanks - I'll try looking for it over there!0
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determined1 wrote: »I know there is a thread about this over on the stoozing website. Tried to find it to post you a link, but no luck.
Is it this one? http://www.stoozing.com/forum/YaBB.pl?num=12180390890 -
that's the one :beer:Mortgage started May 08 @ £144,499 for 35 yrs:eek: Must get mortgage sub £100k by xmas 2011
Current balance/total OPs/total interest saved/months saved
£111,000.00/£27,336.40/£96,025.57/1560 -
Thanks - that's the kind of info I was looking for.0
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sounds a cunning plan, anyone have any experience of doing this?Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0
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