enter credit card charges in quicken for mac

#Enter credit card charges in quicken for mac free

For some reason, the ability to pay the mortgage with a credit card never seems to stick long-term, and perhaps for good reason. It’s unclear if the others will follow, but it’s always a risk. They’re basically closing a loophole because otherwise Visa would just allow it themselves and you wouldn’t need to use a third-party payment service. That means you’re limited to the other two major issuers, which still isn’t bad.Īpparently Visa told Plastiq they had to comply with a new directive that banned mortgage payments via Visa credit cards. They recently stopped allowing mortgage payments to be paid with a Visa card and American Express cards. Important note: Plastiq currently only accepts MasterCard and Discover. Aside from making money doing this, some folks are happy just to earn lots of credit card points and miles by charging the pricey mortgage. Some other cash back credit cards do earn 2%+ on all spending, either initially as a bonus or all the time, so it’s possible to come out slightly ahead or just slightly behind. If the reward points eclipse the cost, you win. And it’s only $125 in fees if you use Plastiq for the entire amount. This allows you to come out ahead.Įven if you can’t come out ahead dollar for dollar, it might be worth it for some people looking to meet a minimum spending requirement to earn an opening bonus, or just to buy some time on that monthly payment (not recommended).įor example, if you need to spend $5,000 in the first three months to earn a signup bonus, paying the mortgage can probably put a big dent in that requirement. That seems to include services like Plastiq. The one exception is the old AT&T Access More credit card, which earns 3X per dollar on all online purchases. And these companies often aren’t in any bonus category whatsoever. Unfortunately, most credit cards don’t earn cash back or points at levels this high unless it’s in a bonus category. Recently, a company called Plastiq had a special where they charged just 1.75% ($17.50 per $1,000 in payment). There are some companies that allow you to pay rent or the mortgage with a credit card in exchange for a small transaction fee.īy small fee, I mean something in the range of 2-3%.

You must also pay a transaction fee of 2.5% or less.

They no longer accept Visa or American Express cards.

But only with a MasterCard or Discover card.

Plastiq allows mortgage payments via credit card.

Using Plastiq to Pay the Mortgage with a Credit Card The only purpose of this method is to earn bonus points and/or cash back as you would on other purchases made with a rewards credit card. Let me preface this by saying it makes no sense to pay your mortgage with a credit card if you can’t afford to pay it otherwise. The difference today is that this method/idea is more about earning credit card points (or cash back) for paying your mortgage, and not so much about simply paying it.

To defer payments for a period of time to give yourself some breathing room.

To increase everyday spending and earn cash back, points, etc.

To meet a minimum spending requirement and earn bonus credit card points.

Reasons to Pay the Mortgage with a Credit Card

#Enter credit card charges in quicken for mac free

Unsurprisingly, these services seemed to disappear as quickly as they surfaced, but there are still options to pay the mortgage with a credit card each month free of charge, even if mortgage lenders won’t let you do it directly. Chances are these same people had to execute a balance transfer shortly after…