there have been a lot of threads about trying to pay a mortgage payment with a credit card so you earn miles and I wont bore anyone with all the past ways or theories, nor will I point to those threads here, but I am writing this because of an ad I saw just now right here at FT.

http://cardit.com/

This ad is above your screen sometimes and frankly it seems rather expensive.

I figure, when doing the rough math, a mortgage payment of $2000 per month would cost you about $70 extra using their program to pay with a mileage earning CC. That's wayyy too much.

Why, that money could be invested or used for another payment if saved up, or better yet, you could BUY some plane tickets with a few months of that fee added together!

I think for this reason alone, the ad is misleading and against many of the theories of this very web site. Oh sure, it talks about a coveted issue here in mile land, but what a scam! I think it should be gone or the stickies should highlight that no one should use it!

Points.com has better rates for stuff and there ARE actually other existing ways (roundabout and multi stepped as they may be) to do the mortgage/mile thing... you'll just have to look, think and be creative

MM