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Updated about 6 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
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Anyone pay mortgages with credit cards for travel rewards?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

I've looked into it from time to time, as soon as I find a method it ends up getting cancelled or charging a fee that makes it not worth it.

Even money orders from USPS using my credit card and sending them in to the mortgage servicing company wont work apparently from what I've read because it's considered a cash advance buying a money order. But if I manage to find a way, at 12K a month in payments, I'm looking at basically 200K a year in spend with my personal expenses added on top or about 2-4K in cash rewards each year. 

It's a bit of a hassle, but that's 3-4 trips to Vegas each year....

So has anyone found a way to do this?

Most Popular Reply

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

doesn't work good with paying mortgages, the banks don't like to take them. it works really good with paying for rehabs. I also used to manufacture spend, but it's quite the tedious hobby

I haven't paid for a flight in years thanks to what I've learned from @Lee Huffman, he was recently on the BP money show as well:

https://www.biggerpockets.com/renewsblog/biggerpockets-money-podcast-27-how-to-get-even-more-from-your-travel-rewards-credit-card-with-lee-huffman/

I get a few cards a year and pay for rehabs with them and rack up a ton of points/miles. Also, I fixed the vegas problem by moving here ;) Now all my miles go to flying me to networking events and conferences, super high return on investment.

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