Unlock Free Trips By Paying Mortgage & Loans with Credit Cards
Making large payments wouldn’t have been easier if it weren’t for credit cards. The system ensures full safety and quick transfer. Plus, for every dollar spent on it, there are reward points that ultimately get converted into money or miles.
The only downside of using a credit card is some lenders don’t accept payments through it because they want to avoid the fee charged in the process. Here are a few hacks that can help all the parties involved.
The Online Way
There are a few online platforms that let you pay the mortgage for a fee of approximately 2-3%, and most of the time, the reward points fall short in comparison to this amount. Third-party apps like TIO, Venmo, Plastiq, and RadPad allow users to pay taxes and rent, buy a car, or anything else easily, but is it worth it? Not so much, but there’s an alternative!
The Prepaid Way
Prepaid cards are a cheaper source and act like debit cards. A particular amount is loaded on it already, and it’s a good option for lenders who don’t accept credit cards. The Target Prepaid REDCard and American Express Bluebird were high in demand until they started setting limitations. Bluebird still works, though. All you have to do is make an online checking account with American Express to utilize its free payment system.
The Money Order Way
Another way is to invest in PIN-enabled gift cards, which are usually available at Walmart for $5, and purchase a money order with them. One can either mail it or take it personally to the bank to pay the loan. The fee for this one would range between 70¢ and $5. Yet, the question remains – is putting so much effort into saving a few dollars worth it? We guess only if the rewards let us travel to exotic locations like Iceland!
The PayPal Way
Here is a nifty trick about credit cards, and if done right, you wouldn’t go through all this pain! Sign up on PayPal – a free online platform that allows people to send and request money. Link the account with either a card or directly with your bank account.
PayPal is a great service if your lender offers it. If not, you can take a cash advance on your credit card. Although, proceed cautiously, this action could lead to a high interest rate. So whichever method you choose, ensure that the perks excel the risk.
More inFinancial Adviser
-
Here Are the Best Saving Money Challenge to Boost Your Bank Balance
Ever feel like saving money is a daunting task? Imagine turning it into a fun game or a friendly competition! This...
May 25, 2024 -
Is Cardi B Dominican? The Star Sets the Record Straight on Her Identity
In the vibrant world of social media, where every aspect of a celebrity’s life is scrutinized, Cardi B recently took a...
May 19, 2024 -
Why Is It Important to Reconcile Your Bank Statements? The Ultimate Guide
Why is it important to reconcile your bank statements? Many business owners view bank statement reconciliation as a tedious task. However,...
May 12, 2024 -
Skimpflation: Is Luxury Losing Its Luster?
In the glamorous world of luxury, a quiet revolution is underway, and it goes by the name of ‘skimpflation.’ Imagine your...
April 26, 2024 -
Is WinCo Cheaper Than Walmart? A Detailed Comparison
When you think of grocery shopping on a budget, Walmart probably comes to mind as a go-to destination. But have you...
April 23, 2024 -
Is John McCook retiring? Actor Opens up About Future Plans
When a bombshell diagnosis rocked “The Bold and the Beautiful” (B&B) and landed on Eric Forrester, played by the iconic John...
April 16, 2024 -
Is NYC Right for You? The Pros and Cons of Living in New York
While the vibrant culture, diverse neighborhoods, and endless opportunities of New York City (NYC) ignite a spark in many, the Big...
April 9, 2024 -
Travel Essentials – What You Need for Your Trip
Traveling can be fun and exciting, but it’s important to have the right travel essentials with you to make your trip...
April 1, 2024 -
5 Easy Methods for Sam’s Club Credit Card Payment
Managing your finances doesn’t have to be a chore—it can be an effortless part of your routine. One key aspect of...
March 26, 2024
You must be logged in to post a comment Login