Debit or Credit Card: Is There a Way to Earn Reward Points / Avios from Monthly Mortgage Payments?

Sleepless_in_London

My monthly payments are usually DD but I’m looking for a way to earn reward points when paying off my mortgage. I’ve saved up Avios and/or Amex MRs so I’m keen to accumulate more rewards that I can redeem for flights.

Ben8282

Just pay mortgage by direct debit like everybody else and stop obsessing about points.

Sleepless_in_London

I have been paying by DD for years! Just looking to see if there's a way. Not obsessing either thanks!

born_again

Complain to mortgage provider that they are not accepting mastercard debit payments. Given the number of banks either supplying them now, or will be at some point next year.

[Deleted User]

Would Virgin class the payment as a standard purchase or a cash purchase?

The_Urbanite

You can earn points on anything really - mortgage payments should be pretty easy with a bit of imagination.

That said, you probably will need to do a bit of thinking outside of the public domain as the credit issuers don't really want people earning points on financial transactions.

Ben8282 wrote: »

Just pay mortgage by direct debit like everybody else and stop obsessing about points.

Nothing wrong with wanting to earn a few extra points! I've arranged it so I get points on pretty much everything, including cash payments and on income tax payments. Might as well get a little bit back if possible!

guesswho2000

Ben8282 wrote: »

Just pay mortgage by direct debit like everybody else and stop obsessing about points.

Disagree with this, given the poor returns on cashback etc. these days, points can give outsized returns if used correctly, and any way to earn them should be explored.

As Urbanite says, there's ways and means, but OP'll need to do some work to discover the best way that works for them (these methods aren't discussed openly, and for good reason, what happens in Fight Club...).

Sleepless_in_London

The_Urbanite wrote: »

You can earn points on anything really - mortgage payments should be pretty easy with a bit of imagination.

That said, you probably will need to do a bit of thinking outside of the public domain as the credit issuers don't really want people earning points on financial transactions.

Nothing wrong with wanting to earn a few extra points! I've arranged it so I get points on pretty much everything, including cash payments and on income tax payments. Might as well get a little bit back if possible!

Well, I thought of registering a Curve card and linking it to a Virgin Atlantic Rewards+ CC, but it won't work because my lender (despite accepting debit card payments) does not accept debit Mastercards or any debit cards that start with a '5' (which all cards like Monzo, Revolut and Starling seem to start with!)

Do you have any suggestions? Feel free to PM!

Sleepless_in_London

guesswho2000 wrote: »

Disagree with this, given the poor returns on cashback etc. these days, points can give outsized returns if used correctly, and any way to earn them should be explored.

As Urbanite says, there's ways and means, but OP'll need to do some work to discover the best way that works for them (these methods aren't discussed openly, and for good reason, what happens in Fight Club...).

Yes, absolutely agree so that's why I'm digging around to see what's out there and how I can be create about it. If anyone knows a way please share or PM me, I would grateful.

Sleepless_in_London

!!! wrote: »

Would Virgin class the payment as a standard purchase or a cash purchase?

A standard purchase if it's linked to a digital wallet like Curve.

[Deleted User]

Sleepless_in_London wrote: »

A standard purchase if it's linked to a digital wallet like Curve.

Not necessarily.

It depends what the merchant classes the payment as.