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    • PS156
    • By PS156 12th Feb 18, 9:25 PM
    • 1Posts
    • 0Thanks
    Paying off Mortgage with Credit Card after PSD2
    • #1
    • 12th Feb 18, 9:25 PM
    Paying off Mortgage with Credit Card after PSD2 12th Feb 18 at 9:25 PM
    Hi All,

    I'm about to start paying off my first Mortgage. Now that PSD2 has been introduced and firms can no longer apply a surcharge for credit card payments, I wondered if it would be worth paying the mortgage every month on a rewards/airmiles card to get something back?

    I'd set up a Direct Debit to pay it off from my bank account immediately. Anyone know if HSBC [my lender] would accept this set-up?

    Last edited by PS156; 12-02-2018 at 9:31 PM. Reason: spelling
Page 1
    • scottishblondie
    • By scottishblondie 13th Feb 18, 9:08 AM
    • 2,000 Posts
    • 1,280 Thanks
    • #2
    • 13th Feb 18, 9:08 AM
    • #2
    • 13th Feb 18, 9:08 AM
    Just because they cannot apply a surcharge doesn't mean that they have to accept a credit card as a payment method. The vast majority of lenders will not accept the payment of a mortgage (or loan) by a credit card. AFAIK, HSBC would not accept payment in this way.
    • dimbo61
    • By dimbo61 13th Feb 18, 4:50 PM
    • 9,879 Posts
    • 5,314 Thanks
    • #3
    • 13th Feb 18, 4:50 PM
    • #3
    • 13th Feb 18, 4:50 PM
    Sorry but most if not all Lenders will refuse to accept mortgage payments from a credit card.
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