Hi FT'ers,

Just wanted to throw in my two cents from Cardit.

Though our fee may be off putting to some, many rewards cards significantly offset that expense. With the right combination of rewards program and flight scheduling, we have found that even after paying our fee, users have been able to end up in front 1/2 point or more. With that said, we are also working on ways to reduce our fee and/or provide other incentives to use our service.

"writetorich"'s claim that our participants are primarily sub-prime and small lenders is incorrect. Currently, we accept payments for 116 lenders (and growing) including the Top 10 mortgage servicers which represent the overwhelming majority of prime mortgage products. Cardit gives no preference to the lenders we support in regards to their loan types.

As for our auto and lease payment offerings, we are formulating a fair fee structure and have yet to publish it on our site. We can divulge that it will likely be very different from our mortgage payment model.

I appreciate the forum's interest in our service. As with most things, Cardit isn't for everyone; however, we are more than happy to offer it as an option for those to whom it makes sense.

With any additional questions or concerns, don't hesitate to contact me at jake (at) Cardit (dot) com.