Today, I’m going to show you how you can get cash back on your mortage. No matter what kind of mortgage you have, I’m going to show you some easy tips that you can use in order to get anywhere from 1-10% cash back on your home loan.
Before we start though, there are some tips that you should follow in order to take full advantage. The first step is to apply for a credit card that has no annual fee. The reason we don’t want to pay an annual fee is because this is one more fee we have to worry about with our credit card. The next thing we need to keep in mind is the pay off. Make sure that you pay off your card in FULL each month to avoid interest rate charges. If you can follow these two golden rules, you’ll be good to go.
Apply for a credit card with cash back rewards
The first step you need to follow is by heading to our main site FINDcashbackcards.com that focuses on rewards credit cards. Find a card that’s going to give you cash back on just about anything. Find a card that gives you at least 3% cash back and read the fine print. Make sure that there isn’t a cap because when we use it for our mortgage, we are probably going to pay a few thousand each year.
Make sure it’s going to work for you
When I say look at the fine print, look at it and read it. Make sure that you’re going to get cash back on your mortgage. If the card only gives you money back on gas purchases, you’re going to be wasting your time. You’ll want one that gives you money back on everything. If you can find one, you’ll be on the right path.
Start paying your mortgage with a credit card
When it comes down to paying your mortgage, make it so that they bill your credit card or get checks that you can pay them with that are associated with your credit card. As I mentioned above, make sure that you pay off your bill in full each and every month so that you can avoid those pesky interest rate charges.
Now that you know what path to take, let’s look at how much you can truly save with this technique.
Let’s say you have a $1,000/mo mortgage bill and you find a card that saves you 3%. That $1,000 equals $12,000 a year. Take that $12,000 a year and apply 3% to it and you have a grand savings of $360! That’s not bad. Now, if you factor in other bills like car payments, insurance and everything else, you can really save a lot of money.
Remember, in the end, you have to be disciplined and you have to pay it off in full. If you can do this, you can really take advantage and get cash back on your mortgage.
Related posts:
- How Cash Back Credit Cards Save
- Cash Back Vs Low Interest
- Ways to Snag A Great Credit Card
- Get The Most Out Of Your Rewards Credit Card
- Making Your Credit Card Rewarding
