- Centurion Member
- Posts: 221
- Joined: Sat Oct 23, 2010 1:51 pm
- Location: CA, USA
Why do you want to use a credit card to pay down a mortgage?
Assuming you have a valid reason, I take it your mortgage balance will be much greater than your credit card limits. You can't do it unless the balance is smaller than your credit card limit.
Even if you can do it, you have to pay 3 to 5% of transfer fee. There is also the question of whether the transfer request can be approved, since the amount is large.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)