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re: Paying my mortgage with a credit card

Posted on 3/9/17 at 2:16 pm to
Posted by I Love Bama
Alabama
Member since Nov 2007
37716 posts
Posted on 3/9/17 at 2:16 pm to
For some reason I thought you were in law school. If you can afford it, go for it.

I've just watched too many documentaries to ever buy a diamond ring. Slave labor, complete artificial scarcity, etc.

Posted by boosiebadazz
Member since Feb 2008
80287 posts
Posted on 3/9/17 at 2:30 pm to
I was in law school. I got out and got a good job. I don't have the student loan debt typically associated with law school, though. That's big.
Posted by D Tide
Member since Mar 2012
503 posts
Posted on 3/9/17 at 4:04 pm to
If you are looking for savings ask for cash price on engagement rings etc when you are about to pay. Many will discount 3% or more for not dealing with card fees
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80784 posts
Posted on 3/9/17 at 8:09 pm to
Damn, why the downvotes? Did I miss something? People obviously can't be thinking he is not being charged a fee for using a CC on his mortgage
This post was edited on 3/9/17 at 8:10 pm
Posted by Twenty 49
Shreveport
Member since Jun 2014
18774 posts
Posted on 3/9/17 at 9:06 pm to
Your suspicion may well be correct, but you got dinged because you appeared to assume the three percent he mentioned was a fee he paid for using the card. He said that was the rate he pays on the mortgage.

We don't know yet if he is paying a fee to use the card. He thinks not, but some are skeptical.

I had a cable bill get almost overdue years ago. It was too late to mail a check in time, so I called and asked if they would take a card. Gladly, sir. frickers hit me for a five buck convenience fee on the next bill. They never mentioned that on the phone.
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