Can You Say Reward Points? Pay Your Mortgage With Your American Express Credit Card


American Express has just decided to let cardholders with prime loans at select lenders charge their monthly mortgage payment with their credit card, and obviously, earn rewards, points and/or cash back for using the plastic. Just imagine… never having to worry about paying your mortgage late… and imagine all of the points that you could earn by having a recurring $1,000, $2,000, $3,000 or more monthly charge on your American Express Card. If you ask me, American Express has the right idea – they’re the first credit card company to offer a program like this, and I’m sure that many others will follow. To start, the credit card mortgage payment program will only work with one lender – American Home Mortgage (AHM), but mark my words – there will be more lenders following… and likely many more credit card companies too.

Here is the full release from American Express:

One thought on “Can You Say Reward Points? Pay Your Mortgage With Your American Express Credit Card”

  1. This is great news for consumers who use this responsibly. But remember, you have to pay with real money eventually. If you pay off the card balance every month, you’ll get great rewards on some cards, like 3% cash back on the AMEX Blue Cash card, but if you carry a balance, the cash back will be eaten away by the interest charges you incur.

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