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Cashback Credit Card & Mortgage Payments
hifly747
Posts: 2 Newbie
Hi,
I'm a great believer in saving money wherever possible.
I currently use the Amex Platinum Cashback Card and the Capital one Cashback card, both which I pay off completely each month.
I would like to be able to pay my mortgage utilising one of these cards but my mortgage provider, has just informed me that this is not possible as all payments must be from my bank account by direct debit and not by using a credit card, has anybody any further advice or experience regarding this area?
Many Thanks
:beer:
I'm a great believer in saving money wherever possible.
I currently use the Amex Platinum Cashback Card and the Capital one Cashback card, both which I pay off completely each month.
I would like to be able to pay my mortgage utilising one of these cards but my mortgage provider, has just informed me that this is not possible as all payments must be from my bank account by direct debit and not by using a credit card, has anybody any further advice or experience regarding this area?
Many Thanks
:beer:
0
Comments
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Im not an expert but Im pretty sure no lender accepts a credit card for mortgage payments, it must be a direct debit from your bank account
Its something to do with you cant pay off a debt with more debt0 -
Forget it hifly - lenders want DDMsI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
chelseablue wrote: »Its something to do with you cant pay off a debt with more debt
Or the fact fees on a credit card payment that the bank will pay will be orders of magnitude greater than on DD or debit card?0
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