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Thread: Charging Mortgage on Delta Amex
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Old Mar 15, 2004 | 3:05 pm
  #6  
Ex Amex Card
 
Join Date: Nov 2002
Location: London
Programs: I've got three passports, A couple of visas, Don't even know my real name.
Posts: 909
This just doesn't add up. If you were to pay your mortgage on an Amex card then the lender would have to charge an extra 3% to cover the merchant fee.

Sure, you would get the "rewards" but you would also pay an extra 3% on your loan. Do the sums and you would find that you would be much better off with the 3% discount.

Sorry but there's no such thing as a free lunch.

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