Credit cards that help pay your mortgage
Want some extra help paying down your mortgage? You, like millions of other Americans are probably trying to pay down your mortgage principal to avoid being saddled with such a large payment each month for the next fifteen to 30 years. Several well-known strategies exist to help pay off your mortgage quicker, like bi-monthly payments, extra payments, additional principal payments and more. An additional tool are cash back credit cards that earn a mortgage reward to help pay down your mortgage loan balance faster.
There are two mortgage rewards credit cards available; one from Citi® and the other from Bank of America. With the Citi® Home Rebate card, you can earn 6% cash back for the first twelve months on utility bills like your cable TV or satellite programming, your internet connection, other telecommunications and more. All of the other purchases you make with the card earn 1% cash back. There is no limit to the amount of cash rebates you can earn and no annual fee with the card. All your mortgage credit card rewards you earn are applied to your mortgage principal.
If you want more flexibility from your mortgage rewards credit card, the Home Advantage credit card from Bank of America may be your choice. The credit card offers you the ability to earn cash back, travel rewards with no blackout dates, car rental and hotel rewards, brand name merchandise, or gift certificates. All home-related purchases earn double points for the first twelve months and all other purchases earn one point per $1. There is no limit to the points you can earn and every 5,000 points can be redeemed for cash applied to your mortgage loan balance. Other benefits are included and there is no annual fee associated with the card.
Just by choosing either one of these cash back cards to make your everyday purchases will help you earn cash back that can be applied to paying off your mortgage faster. Even if you don’t use any of the other methods to pay down the balance, you can easily and simply start by applying for one of these mortgage credit cards. Use the card for your everyday purchases you would normally pay for with cash or a debit card. You can use the individual cards links above for access to more information about the card and an online application.
Start shaving years off your mortgage payments now!
