Originally Posted by
mtparadis
You "come out ahead" by saving a few days of of interest but paying ~4% for the convenience? If you have a mortgage payment that you need to float, get a smaller house.
Well the few days could easily be 60 - 90 days.
Here is how:
1. Set up your credit card billing cycle to start a couple of days before your payment is due. This will give you a 45 day float (25 days for statement to end + 20 days before payment is due)
2. Pay the credit card using MBNA bill pay. If you set up billing cycle on your MBNA card to start a couple of days before payment is due on above credit card you will get another 45 days or so of float.