Can I use credit card to pay mortgage etc?

flyfto

Might be a daft question ! But can you pay mortgage, council tax etc
With credit card ?

opinions4u

Most mortgage lenders won't accept it.

Most councils will.

Most that do accept will invariably charge an additional fee for acceptance. Some card issuers will treat a mortgage payment as a cash transaction and charge a cash advance fee and interest on it.

In the main, it's usually a poor way to manage your money. Big cashback cards that treat the transaction as a purchase may be an exception to the rule.

bengal-stripe

Mortgage almost certainly not. Whether CC is accepted for Council tax will depend on your local authority. If yes, there will be most likely a surcharge (of maybe 2 or 3%).

The 'make-a-payment' web-site should tell you whether or not CC is accepted and if a surcharge does apply.

thenudeone

Mortgage - almost certainly not. The mortgage company would have to pay a fee of 1-3% of every mortgage payment, to a card processing company.

Unlike a shop which has to compete for your custom, the mortgage company already has your custom; you simply have to pay what you've agreed to pay in the way you agreed to pay it.

Besides, they might interpret a request as a sign of financial distress, if you can't afford to pay basic living expenses from normal income without having to rely on credit.

Council tax possibly. It depends on whether your council is prepared to accept the cost of CC processing against the slightly higher number of people who may be able to make a payment by card, who couldn't otherwise.

guesswho2000

As everyone has said, I doubt any mortgage company will take a CC unless you're in arrears.

Council tax should be payable by card, but this depends on the council. Mine charge 1.5% to pay by credit (free by debit) card, but I'm getting 5% cashback, so it's still profit.

Tiggy_Wiggy

Gateshead Council do not have any CC charges for payment of Council Tax. Been paying mine this way for years, taking advantage of various CC cashback offers.

sfax

Tiggy_Wiggy wrote: »

Gateshead Council do not have any CC charges for payment of Council Tax. Been paying mine this way for years, taking advantage of various CC cashback offers.

I did this for years with Reading and Wokingham District Councils. No charge from the council and lots of cashback for me. WDC have now started charging so enjoy it while it lasts

flyfto

cheers guys i thought as much re paying the mortgage with CC, but i will check out council tax and probably start paying insurance etc with CC.
cheers

Fingerbobs

sfax wrote: »

I did this for years with Reading and Wokingham District Councils. No charge from the council and lots of cashback for me. WDC have now started charging so enjoy it while it lasts

I paid Suffolk Coastal council by credit card for a while, but they introduced a fee when they started accepting payments via their Web site. In the good old days when you had to write your credit card details on a (minuscule*) form and post it off to them, it was fee-free.

* - The form you had to complete was smaller than a credit card, with tiny boxes to squeeze all the numbers in. You needed a fine-tipped pen, and excellent eyesight!

mankarni

Fingerbobs wrote: »

* - The form you had to complete was smaller than a credit card, with tiny boxes to squeeze all the numbers in. You needed a fine-tipped pen, and excellent eyesight!

Good Paper saving by the council.... :cool:

zerog

guesswho2000 wrote: »

Mine charge 1.5% to pay by credit (free by debit) card, but I'm getting 5% cashback, so it's still profit.

I assume there's a spending limit for the 5%, in which case it only makes sense if you have absolutely nothing else you could pay for with no fee up to the limit.