How To Pay Mortgage With Credit Card

Complete guide on how to pay mortgage with credit card. Roughly 189 million Americans own and/or use at least one credit card.

Typically, we’re taught growing up that credit cards are used only in emergencies. However, as we get older, we realize… that isn’t really the case.

It’s true only using your card when you genuinely need it ensures you won’t end up spending more than you can pay. But, when used correctly, credit cards can be great for non-emergences as well.

For example, they provide you with a bit of flexibility with spending. If at one point you don’t have the exact amount necessary to buy something, but you know you will soon, a credit card is a great way to accomplish an early purchase.

Credit cards are also a great way to earn rewards and cashback for your expenses, allowing you to save money in the long-run.

And because of their benefits, credit cards can also serve as a great tool for paying your mortgage. We’re going to discuss how in this article.

Can You Pay Mortgage with a Credit Card?

Yes, you’re able to pay your mortgage using a credit card. This is an option not many people know about, and not only is it possible, but it makes things more convenient and efficient. You might even earn some money back.

How to Pay Mortgage with a Credit Card

There are a couple of methods you can use to pay your mortgage with a credit card. Usually, lenders don’t accept direct deposit or offer a way for you to pay with credit cards. Instead, they take cash and check. This is where external methods come in.

For example, you can use a third-party platform. Some platforms even make it easy to split payments for roommates or schedule payments altogether.

Some of these platforms include:

  • Plastiq
  • Rentshare
  • Radpad
  • RentMoola
  • Venmo

Another method is using a money order – you don’t even need a bank account for this method.

In the section below, we discuss the best third party platforms for paying your mortgage with a credit card. At the end of this article, we go over the best credit cards to pay your mortgage with.

Services to Pay Your Mortgage with a Credit Card

1. Plastiq

Plastiq might be the most frequently used resource to pay a mortgage with a credit card. Not only can you pay mortgages with the platform, but you can also pay other bills, such as rent and student loans.

The way it works: you submit cash to the site, which then sends a check or virtual payment to whoever is lending you the property.

With Plastiq, there are a couple of setbacks. First, you can only use the service if your card is under Mastercard or Discover. This means if you’re using a Visa or American Express, paying mortgages won’t be possible with Plastiq.

Additionally, there is a fee – 2.5% of whatever you’re paying in bills. For example, if you’re paying $2,000, your fee is $50. However, there are sometimes promotional periods in which the fees are lowered, so be sure to look out for those by signing up for the newsletter.

Payment isn’t immediate. It takes about eight days to go through to your lender. This should be kept in mind when planning out payments.

2. Rentshare

Using RentShare, not only can you pay your mortgage, but you can also split the bill with others. This works great if you have roommates.

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Using your credit card comes with a 2.99% fee, which could potentially be covered by your landlord. However, if you’re paying with ACH (straight from your bank account), you’re responsible for a $1.95 flat fee.

This method also requires your lender to make an account and accept direct deposit. For payments, you can schedule them for auto-pay or pay manually.

3. Radpad

RadPad gives you the power to pay your mortgage or rent using any credit or debit card, as long as the rent is $5,000 or less.

Your credit card payment will come with a fee of 2.99%. However, sometimes there are promotions through which you can get out of paying a fee at all.

RadPad has a simple sign up process. When you want to send a payment, simply enter the amount of money required for your mortgage, the due date, and your contact information.

Once you fill in these details, click “Get Started Now.” You will then be prompted to enter data relevant to your landlord/borrower.

You also need to enter your credit card information and address. Your landlord/borrower will then receive a check. They don’t need to sign up for the service.

You have the option to send a one-time payment or enter the date your mortgage is due monthly for automatic payments. This is great for forgetful tenants and/or homeowners.

You’re also able to invite other people to join in on the payment. This is ideal if you have any roommates who split the mortgage costs with you.

4. RentMoola

If you decide to pay your mortgage with RentMoola, you have to deal with yet another 2.99% fee.

But RentMoola also has a rewards program called MoolaPerks that provides you with some savings and coupons. The MoolaPerks page also often has giveaways for credits for mortgage/rent payments.

5. Venmo

Venmo is a popular platform among people of all ages for payments. You can quickly and efficiently send and receive money. You can sign up using Facebook or an email address.

However, what many don’t realize: you can also use Venmo to pay your mortgage and rent with your credit card. This does come with a 3% fee, which is pretty high when compared to other resources.

6. Money Orders

Another method other than third-party platforms is using money orders. A money order is just one piece of paper that is more safe and certain than using cash or writing a check.

With this, you specify exactly who gets the money, and both you and the recipient (in this case, your lender) need to sign it.

Money orders are prepaid. Before paying, you must give money for it. There are various locations for you to do so, such as the post office, Walmart, and Western Union.

There is a drawback to money orders – a limit on how much you can spend for one: usually $1,000. For international money orders, the limit is $700. This might be enough if your bill is lower, but many rented properties cost more.

There are also fees associated with completing a money order. The cost varies with each location, just like third-party sites. Here are some examples.

  • Walmart: the fee is up to 88 cents.
  • Convenience stores, supermarkets, and similar locations: depends on each site.
  • Western Union: around $1.
  • US Postal Service: for orders up to $500, the fee is about $1. For orders from $501-$100, the cost is $1.70.
  • Military: the fee is 45 cents.
  • International money orders: $9.50
  • Banks and Credit Unions: the fee varies, but is usually around $5.

With this method, you don’t have to be a bank account owner, as it’s prepaid.

The key is to find out the withdrawel limit on your credit card, go to an applicable ATM, and withdraw the amount needed for your mortgage. You can then use the cash to get the money order and then pay your mortgage.

When Should You Pay Your Mortgage with a Credit Card?

There are various reasons why you might want to pay your mortgage with a credit card.

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First, if you have a credit card where you can earn rewards by spending money, paying large amounts of cash for a mortgage is a great way to earn those rewards. However, keep in mind it’s only worth it if the reward you earn is larger than the fee you have to pay for the service.

Additionally, this is an excellent method if your credit card company offers a welcome bonus for spending a certain amount of money in the first month of owning the card. And if you aren’t meeting the minimum with your other expenses, this is a great way to reach the level you need.

It can also help you reach elite status for cards associated with airlines and/or hotels. To achieve this status, you have to spend a certain amount every month.

Paying your mortgage with a credit card also provides some flexibility. For example, if you’re short a bit of cash and can’t pay with a different method until payday, you can use your credit card to avoid any potential late fees.

What Are the Best Credit Cards to Use on Your Mortgage?

As time goes on, the amount of credit cards you can pay your mortgage with are disappearing.

For this reason, before you pick and sign up for a credit card to pay your mortgage, contact the company or check in the terms of the site to ensure it will work and that using the resources will earn you rewards.

There isn’t necessarily a “best” credit card for paying your mortgage, but there are quite a few good options. Not all of these options will completely overpower the fee that come with paying your bills, but might, at least, drastically decrease it.

And of course, when choosing a credit card, be sure you have the money necessary to pay back whatever you spend on mortgages or anything else. Also, compare the number of rewards associated with the card to the fees from whatever payment resource you use.

Discover it Miles

There is no annual fee to use the Discover it Miles card. While there is no introductory bonus, you will receive 1.5X miles for every dollar you spend. Your total amount of miles will also be matched by the end of your first year.

There aren’t any blackout dates, and for the first 14 months, there is no interest. Then, the interest will be anywhere from 14% to 25%.

Discover it Business Card

Like the other Discover card mentioned, there is no annual fee and no bonus associated with signing up for the Discover it Business Card.

In terms of rewards, however, you receive 1.5% cash back on every purchase you complete. And, at the end of your first year as a card owner, you get double cash back.

There is no APR for the first year. After that, the interest is between 15% and 24%. If you’re late on any payments, there is no penalty interest to pay.

Keep in mind this is a business card, so it isn’t available to all consumers. However, it isn’t as difficult as it might seem to obtain the card. Even if your business is tiny, such as having holiday bake sales, you might still qualify.

Citi Double Cash Card

Using the Citi Double Cash Card doesn’t come with any annual fees or welcome bonuses. But, you will receive 1% cash back on purchases and 1% cash back on payments.

There will be fees associated with any late payments. But, your first late fee will be waived.

The APR is 16.24% – 26.24%.

Barclaycard Arrival Plus World Elite Mastercard

The Barclaycard Arrival Plus World Elite Mastercard isn’t accepting new users. Consequently, you’ll have to wait until they begin taking in new applicants.

The annual fee is $89, but your first year, the card is free of charge. There is also an introductory bonus of 70,000 bonus miles. To get the reward, you have to spend $5,000 in the first 90 days owning the card. Then, the reward is 2X the miles with every dollar. You will also get 5% miles back every time you redeem.

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As for interest, it varies. You will have to pay either 8.24%, 22.24% or 25.24%

IHG Rewards Club Premier Credit Card

The annual fee for the IHG Rewards Club Premier Credit Card is $89.

There is an introductory bonus of 80,000. In order to get it, you need to spend $2,000 within the first three months of owning the card.

The regular reward is 25X points for every dollar you spend at IHG. Then you get 2X at gas stations, restaurants, and grocery stores. Anything else will get you 1X.

Additionally, once you reach $20,000 in expenses, you receive 10,000 bonus points.

The interest ranges from 18% to 26%.

Citi / AAdvantage Executive World Elite Mastercard

The yearly fee for the Citi / AAdvantage Executive World Elite Mastercard is $450.

For becoming a card owner, you earn 50,000 miles if you spend $5,000 within the first three months. The rewards are 2X miles for every dollar you spend at American Airlines. Everything else will get you 1X.

You also receive an Admirals Club membership and 10,000 “Elite Qualifying Miles” (EQMs) if you spend over $40,000 in a year. When getting ready for a flight, you will be the priority in regards to checking in and boarding.

The APR is anywhere from $17.99% to 25.99%.

Chase Sapphire Preferred Card

Just for signing up for the Chase Sapphire Preferred Club Card, you get a 60,000 point bonus. You will also get 2X points on most expenses related to dining and travel. If you use Chase Ultimate Rewards, you get 25% more value.

You will also be able to enjoy premium protection whenever you travel. There are also no foreign transaction fees.

Downside of Paying Mortgage with Credit Card

Paying your mortgage with a credit card is extremely convenient, but there are some cons as well. It’s essential to weigh the following factors before deciding if this is a route you want to take.

Fees vs. Rewards

One of the incentives for getting certain credit cards is you will receive rewards, such as points or cash back, when you spend money. This is also a reason to use credit cards for paying bills.

However, the money you lose from fees when using a third-party app might outweigh the amount you earn with the card.

This defeats the purpose. For example, if your bill is $2,500, you will likely pay over $60 in fees every time.


If you use your card for bills, you could end up having to pay additional charges if your full credit card bill doesn’t end up getting paid at the end of the month.

The expenses associated with having significant charges in your account could likely overpower any profit.

This could be extremely off putting, especially if the original interest rate of your card is already high.

Credit Score

If you pay your mortgage bills with your credit card, you could potentially take away from the credit limit associated with your card.

You would ultimately increase your credit utilization ratio, which is the sum of your debt in regards to the limit. The credit utilization ratio heavily influences your credit score, meaning your goal should be to keep it low. Low would be about 30% or lower.

To aid with this problem, it would be a good idea to consult with your issuer and request an increase in your credit limit.

Late Checks

There is also the risk of the check for your borrower being delivered late, as you’re not providing it yourself. You simply put the lender’s address and other information, and the platform takes care of the rest.

However, the check might end up taking longer to arrive than expected. And often, there’s no way for you to prove the check was mailed on time, resulting in paying a late fee.

Therefore, you should make sure to mail the check 2 weeks before the amount is due.


Paying your mortgage with a credit card is great for the sake of convenience and safety. It’s also excellent if you have a rewards card.

And as gathered from this article, if you’re looking to pay your mortgage with a credit card, you have plenty of options.

However, you also need to weigh the pros and cons of using your card before you do it, as the fees might defeat the purpose of using the credit card in the first place.

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