Airmiles CC not Amex

dean00_0

opinions4u wrote: »

Only if the mortgage lender will accept payment this way.

I'm not aware of any that do.

Most High St banks accept CC's for mortgage pymts, however most don't accept Amex. The reason they now accept them are for self employed customers whose income is sporadic. Furthermore there was a piece in an industry mag recently that highlighted during 2012 23% of customers made at least one mortgage pymt on their CC due to debt issues.

Not a tea lady unfortunately, that would be my next step up. Ha!

opinions4u

dean00_0 wrote: »

Most High St banks accept CC's for mortgage pymts

Name them. I'm talking "normal" mortgage payments. Not arrears collection. Name names. Back it up with links.

Furthermore there was a piece in an industry mag recently that highlighted during 2012 23% of customers made at least one mortgage pymt on their CC due to debt issues.

How many of those paid their mortgage directly with the credit card? And how many took cash advances?

dean00_0

Ok, here we go;

Lloyds, Halifax, RBS, Natwest & HSBC definitely accept a CC for a mortgage pymt. However themethod of making the pymt differs from Bank to Bank. For example with Natwest and RBS you make a manual pymt each month with a 5 day window either by phone or online whereas with Lloyds it's only by phone. HSBC allow a continuous pymt however it depends on which type of mortgage you have (not sure which ones are acceptable)

The stat I shared was all as a CC pymt, not a cash advance.

And none accept Amex as a pymt

InsideInsurance

planteria wrote: »

do CPAs generate Cashback/Points as a purchase?

If the original transaction was considered a purchase and not a cash advance then the CPAs would almost certainly also count as such. Likewise if the original was considered a cash advance then the subsequent ones would too.

Ultimately it all depends on the merchant code and the details that go along with it on if it is considered Purchase or Advance, the CPA part itself makes no difference to which of the two buckets it falls into.

opinions4u

dean00_0 wrote: »

Ok, here we go;

Lloyds, Halifax, RBS, Natwest & HSBC definitely accept a CC for a mortgage pymt. However themethod of making the pymt differs from Bank to Bank. For example with Natwest and RBS you make a manual pymt each month with a 5 day window either by phone or online whereas with Lloyds it's only by phone. HSBC allow a continuous pymt however it depends on which type of mortgage you have (not sure which ones are acceptable)

The stat I shared was all as a CC pymt, not a cash advance.

And none accept Amex as a pymt

Any links?

I'm quite happy to be shown to be wrong.

But other than arrears collection, accepting credit card payment for mortgage will cost lenders most of their interest margin. It makes no sense.

Other posters, have 23% of you made a mortgage payment on a credit card?

dean00_0

opinions4u wrote: »

Any links?

I'm quite happy to be shown to be wrong.


Other posters, have 23% of you made a mortgage payment on a credit card?

The 23% stat is off customers who had contacted CAB with monetary problems, not in general.

In terms of you being wrong, it's not about that. You are wrong but I'm just pointing out a way of getting reward in the easiest way. I've contacted those banks today to get confirmation, and it's pretty easy to ascertain the info.

dean00_0

Now that has been settled can I steer it back to my original point?

It's sounds like I need a MC for bill pymts and the Gold Amex for purchases.

A previous post asked why I wanted this, it is to ug from Prem E to Biz. We are going to San Fran from Heathrow & prefer BA to VA.

planteria

well, i have made a couple. sorry:o.......;)

they were payments to Standard Life Bank using my CapOne Cashback card...and they generated some nice cashback (bagged £3,800 that year).

SLB has been taken over by Barclays, and nowadays i use Barclaycard Cashback as my back up to Amex, and no longer have a CapOne card.

i suspect that arrears payments can be made by card, if necessary. and that additional payments can be, at times. but whether any of us can set up a CPA on our credit card to make a monthly payment to our mortgage account, and generate cashback/points in the process.....i doubt. but i hope it can be done.:A

opinions4u

dean00_0 wrote: »

The 23% stat is off customers who had contacted CAB with monetary problems, not in general.

So they're talking about arrears collections. I'm talking about regular monthly mortgage payments.

In terms of you being wrong, it's not about that. You are wrong but I'm just pointing out a way of getting reward in the easiest way. I've contacted those banks today to get confirmation, and it's pretty easy to ascertain the info.

It's strange that my mortgage T&Cs with Halifax, who you seem to be telling me will take credit card payments for my monthly payment, require me to pay by direct debit.

I hear what you say. But they're not advertising these things on their web sites and it makes no commercial sense for them to do it.

planteria

i am sure you are right o4u. but i wonder whether, if you called Halifax and asked to make an additional payment to your mortgage, they would let you do it using your credit card.
when some money i am owed comes in, if my circumstances are as they are now, i will be asking that question of Barclays.