FlyerTalk Forums - View Single Post - Cardit is WRONG! Another "paying mortgage with CC" thread

Oct 10, 2007 | 1:54 am

#4

Boraxo

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Quote:

Originally Posted by Marathon Man

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!

Let's add that up over 12 months: $840 for 24,000 miles - And no EQMs.

Of course, you could get almost the same # of miles by signing up for a credit card.

At those prices, I think most of us will pass, but some people are desperate for miles ...

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