Source: The Points Guy
Summary
Paying rent or mortgage with a credit card can be a convenient way to earn rewards, but it often comes with fees. Some credit cards, like the Bilt Palladium Card, offer rewards on housing payments without fees. Third-party services like Plastiq and PlacePay also allow credit card payments for rent and mortgage, but with fees. It’s essential to calculate the value of rewards against the fees to determine if it’s worth paying with a credit card.
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The escape is carefully planned.
Paying rent or mortgage with a credit card can be a strategic move to earn rewards, especially with cards like the Bilt Palladium Card, which offers rewards on housing payments without fees. However, third-party services like Plastiq and PlacePay charge fees for credit card payments. The key is to weigh the value of rewards against the fees. For instance, using the Citi Double Cash Card to pay a $2,000 mortgage through Plastiq during a 2% promo could earn $76 worth of points, but incur a $40 fee. It’s crucial to calculate the value of rewards before making a decision.
And this is where we find the authentic experience of paying for housing expenses with a credit card – carefully planned and calculated to maximize rewards, while minimizing fees.
Author: Evan Null
