Mortgage payments
There’s a reason why many banks don’t let you pay your mortgage with your credit card. By paying your mortgage with plastic, the mortgage gets paid while you’re still in debt. The banks who choose not to allow this don’t do it this because they’re concerned with your financial health; it’s because, in the worst of cases if you can’t pay your credit card and file bankruptcy, the mortgage provider will be out funds, too.
There’s no satisfaction in paying your mortgage by credit card, because you’re only gaining as much equity as you’re acquiring credit card debt. And as soon as that next monthly statement is cut, you’ll have accrued interest on your card balance on top of the mortgage amount.
If you can’t pay your mortgage without putting it on your credit card, it’s a sign of a bigger problem. Look at other options like refinancing, or even a short sell. Bankruptcy is also an option in more serious cases.
