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Thread: Getting miles for McDonald's and mortgages?
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Old Apr 27, 2002 | 11:38 pm
  #25  
Chetney
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Join Date: Mar 2001
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ikobi:
So did anyone figure out how to pay your mortgage and get miles?</font>
I was describing this thread to my wife during dinner tonight, and suddenly his possible technique occurred to me!

1. Use a mileage card to buy savings bonds in an amount corresponding to your mortgage payment.

2. 6 months later, redeem the bond and use the proceeds to pay that month's mortgage payment.

The cost? Holding 6 months of mortgage payments in savings bonds, and losing 3 months interest due to early redemption.

Does anyone see any hole in this method?


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