Edit Article

Before the housing bubble burst, using a credit card to pay that high-dollar mortgage every month could generate a lot of reward points and cash back, effectively lowering your mortgage payment. When the bubble burst, the free ride ended. Lenders turned away charge cards, and companies such as Bank of America, who offered a way to use a card to pay mortgages they held, offer no points or rewards for doing so—effectively making that a useless alternative.

There is still an alternative, however, for those who want or need to use a card to pay their mortgage, and we'll show you how to use it.



  1. 1
    Assess your situation. The reasons to use a credit card to pay mortgage make all the difference in the world, vis a vis its effectiveness.
    • If you are trying to "beat the system" and come out ahead, this might be a good option. With the right balance of payments and rewards, you might be able to do so.
    • If you simply can't afford a low-interest mortgage and are trying to move it to a high-interest credit card, beware: you're entering into dangerous financial territory, and should consider speaking to your banker and broker to discuss your options.
  2. 2
    Assess your credit card options. To make this effective, you will want to use a card that generates the maximum amount of rewards.
    • If the card is a Visa, Discover, or MasterCard, proceed to the next step.
    • If it is an American Express card, there is no available solution at this time.
  3. 3
    Gather your info. Collect all pertinent information about your lender and your loan, including your account number, your lender's mailing address, and the due date of your payment.
  4. 4
    Go to ChargeSmart. Review the information on their site, and then click the orange "Mortgage" button at the top.
  5. 5
    Select your lender. From the drop down list, choose your mortgage lender, then enter your account number and payment amount. Click "Continue."
  6. 6
    Continue to steps 2 and 3. You will answer standard questions, such as your name, email address, phone numbers, etc. You'll also set up your credit or debit card to be billed.
  7. 7
    Review the credit card statements and other financial documents. Before you complete the transaction, review the details of the contract. The fees will vary per mortgage lender, as do the rewards for your cards, and in most cases—even after rewards—you will end up paying slightly more than simply paying your mortgage lender directly.
  8. 8
    Complete the setup. At step 4, confirm all your numbers are accurate is correct and click "Submit." ChargeSmart will send the payment to your mortgage company via ACH transfer, and your payment will post to your account within 2-3 business days, on average. Your payment is complete!

We could really use your help!

Can you tell us about
guns and ammunition?
Can you help us
rate articles?
guns and ammunition
how to bed a rifle stock
Can you tell us about
jock itch?
jock itch
how to treat jock itch
Can you tell us about
how to treat infected piercings
Can you tell us about
how to calculate precision
Thanks for helping! Please tell us everything you know about
Provide Details.
Don't say: Eat more fats.


  • Shop around for the best credit card deal. Most cards only offer 1% reward, but some will offer up to 2%—which could be the difference between this making sense, and not.


  • If you are having trouble making your mortgage payment, using a credit card is extremely risky, and could end up costing you much more than anticipate. If you find yourself in this situation, speak with a financial professional to determine your best course of action.

Sources and Citations

Article Info

Categories: Mortgages and Loans

In other languages:

Español: pagar la hipoteca con tarjeta de crédito

Thanks to all authors for creating a page that has been read 264,793 times.

Did this article help you?
Yes No

an Author!

Write an Article