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All Forum Posts by: Jeremy Jackson

Jeremy Jackson has started 36 posts and replied 268 times.

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68
Originally posted by @Lesley Resnick:

I have a related question, has anyone found a way to pay their mortgages with a credit card?  I would like to use a points/reward card to cover all my mortgages.  I would pay them off immediately and incur no interest charges.  Based on my current spend I would earn enough points to take a nice vaca every year.  The problem is the banks only take debit or ach.  The banks would have to pay a fee to accept the credit card.  Cash advances start the interest immediately.  This would eat into the value of the points.         

 Do you have an option to pay online w/ a cc?

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

For the record, I have no plans of doing this.  Just an idea that I've heard others do and like debating topics like this.  

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

@Albert Bui

Very helpful info.  I'm a fan and customer of navy fed.

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

@Albert Bui

Makes sense.  Several years ago I was flipping cars/trucks/motorcycles.  Still do a few a yr, basically a hobby. Back then, I'd get a small loan, less than 5k to complete purchase and needed repairs.  I was usually complete in less than a month, then I'd repay the loan in full.  Eventually my credit started to tank, which really aggravated me.  I can get a loan, repay like a big boy, yet I'm penalized because it didn't take me yrs to pay it off.  I could start a rant, but I won't go there.

I really didn't know you couldn't swipe a card at closing.  It's 2016, come on!  That may be a show stopper since I don't think those terms apply to cash transfers

Post: In search of GOOD property manager in Temple, Texas area

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

Great insight @Greg H.

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

@Derek Carroll

Really?  I didn't know that would be an issue. Why do they care?

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

@Richard Dunlop Got it.  Thanks.

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

Great info @Lee Scarlett

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

@Richard Dunlop  Awesome!  I didn't think about affects on my credit. 

What if I didn't pay it off by Aug17....could I transfer to another 0% APR card without being penalized? Do the credit card companies consider that "paid off?"

Just throwing some ideas around.

Post: Buying with credit card......can I borrow money for free, really?

Jeremy Jackson
Pro Member
Posted
  • Real Estate Agent
  • Brandenburg, KY
  • Posts 276
  • Votes 68

@Lee Scarlett  Right...Now if I could get my agent up and moving! 

@Richard Dunlop Credit score is above 760.  How long would it take to recover?