Comments on: CardIt Review: Too Much for Paying Mortgage with Credit Cards http://www.thesunsfinancialdiary.com/personal-finance/cardit-too-much-for-paying-my-mortgage-with-credit-cards/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Angiehttp://www.thesunsfinancialdiary.com/personal-finance/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-41262 Angie Wed, 12 Mar 2008 19:34:44 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-41262 Do your homework done first if you are thinking about taking out a loan or mortgage. The time spent looking into your options can save you a good deal of money later on. Do your homework done first if you are thinking about taking out a loan or mortgage. The time spent looking into your options can save you a good deal of money later on.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/personal-finance/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28922 Sun Wed, 21 Nov 2007 05:34:15 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28922 NCN: The reason for not trying to pay off mortgage as soon as possible is that I believe in the long term, the money can get better return when invested in stocks than used to pay mortgage which is at a fixed rate. Of course, that depends on what kind of return I can get from the stock market. I haven't done any calculation so I don't know exactly how much I will gain from the stock market. But if I have a loan of 30 years at 6%, there's a good chance that the return from stock market can beat that. NCN: The reason for not trying to pay off mortgage as soon as possible is that I believe in the long term, the money can get better return when invested in stocks than used to pay mortgage which is at a fixed rate. Of course, that depends on what kind of return I can get from the stock market. I haven’t done any calculation so I don’t know exactly how much I will gain from the stock market. But if I have a loan of 30 years at 6%, there’s a good chance that the return from stock market can beat that.

]]> By: NCNhttp://www.thesunsfinancialdiary.com/personal-finance/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28291 NCN Thu, 15 Nov 2007 15:51:42 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28291 Could I ask why you don't simply focus on paying off the mortgage as soon as possible, instead of moving debt from place to place? NCN Could I ask why you don’t simply focus on paying off the mortgage as soon as possible, instead of moving debt from place to place?
NCN

]]> By: Sunhttp://www.thesunsfinancialdiary.com/personal-finance/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28214 Sun Thu, 15 Nov 2007 02:44:36 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28214 DRoth: Yes, I may have arrived my conclusion too fast. However, with a card that pays 3% cashback, you will have to spend $3919 on monthly mortgage payment to just break even (whether mortgage payment is eligible for cashback is another question) and there aren't many cards give 3% back. The idea is fine and the service is quite convenient, but all of these don't seem to justify the high fee, in my opinion.FinanceIsPersonal: Finding a good bargain and getting cashback from credit card don't compete against each other that you get one but don't get the other. You can have both. How about save 5% to 10% on your purchase and get an extra 1 or 2% from credit card rewards program? DRoth: Yes, I may have arrived my conclusion too fast. However, with a card that pays 3% cashback, you will have to spend $3919 on monthly mortgage payment to just break even (whether mortgage payment is eligible for
cashback is another question) and there aren’t many cards give 3% back. The idea is fine and the service is quite convenient, but all of these don’t seem to justify the high fee, in my opinion.

FinanceIsPersonal: Finding a good bargain and getting cashback from credit card don’t compete against each other that you get one but don’t get the other. You can have both. How about save 5% to 10% on your purchase and get an extra 1 or 2% from credit card rewards program?

]]> By: FinanceIsPersonal.comhttp://www.thesunsfinancialdiary.com/personal-finance/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28181 FinanceIsPersonal.com Wed, 14 Nov 2007 20:48:07 +0000 http://www.thesunsfinancialdiary.com/personal-finance/credit-cards/cardit-too-much-for-paying-my-mortgage-with-credit-cards/#comment-28181 I've never been a big fan of credit card rewards programs... They're just too much effort to get 1% or 2% back on the money I spend... It's a lot easier to find a big bargain and save 5% to 10% on my purchases than to make sure I use my credit card every single time. I’ve never been a big fan of credit card rewards programs… They’re just too much effort to get 1% or 2% back on the money I spend… It’s a lot easier to find a big bargain and save 5% to 10% on my purchases than to make sure I use my credit card every single time.

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