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paying off mortgage capital with credit card
naseemky
Posts: 2 Newbie
in Credit cards
hi all, I currently have some savings and was wondering whether instead of paying off the mortgage straight away i should take out a 0% credit card and pay off some of the mortgage with this, put my savings into a high interest account until the end of the 0% credit card term. Does anyone know whether i can do this legally. The building society seem to think that this isn't possible. any advice on this most welcome.
0
Comments
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will your mortgage company allow payments by credit card? Most will not.
But if they do then you could use a 0% on purchase card to achieve this.
However, you can do this anyway by simply using the card for 'normal' shopping... petrol, food etc and save the money in a saving a/c until the 0% period ends....... its called slow stoozing as oposed to 'normal' stoozing which utilises a 0% BT CC.0
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