American Express offers customers reward points if they make qualified purchases. Many customers would like to use their American Express cards to pay for their mortgages in order to get these reward points. Many mortgage lenders may not accept credit cards, however. If so, we have a solution for you. You can use your American Express through the ChargeSmart platform to pay your mortgage, but there is a certain way you must do that. Before getting into the details of paying your mortgage, I’m going to tell you a little about us.
What is ChargeSmart?
ChargeSmart is an online service that allows customers to pay your utility company, auto and student loan providers, mortgage companies and more using a debit or credit card. This service offers customers to pay their bills via credit or debit card even if the creditor doesn’t directly accept those types of payment methods. Customers can simply go online and pay the bill via ChargeSmart. American Express customers who do this will still get the same reward points that they would earn if they were able to pay their mortgage lender directly.
How It Works
Now, here is the process to pay your mortgage with your American Express through us. Obviously, it is very difficult for anybody to except American Express, especially your mortgage company, and even us. But, there is a way to get around this problem and still receive those precious reward points from paying your mortgage with your American Express card.
First, figure out how much your mortgage is and then find a retailer that sells Visa prepaid cards. Visa prepaid cards are sold in denomination, such as $100, $200, upwards of even $500. Get the combination of prepaid cards that totals your mortgage bill and purchase them with your American Express card, thus receiving your reward points from that purchase.
Then, go to our site with your Visa prepaid cards, find your mortgage lender, follow the steps, and make multiple payments to your mortgage lender using those cards. Your mortgage will be paid in 2-3 business days from the day you transact on our site and you will have just paid your mortgage, while getting your American Express reward points. Remember, we do have monthly cap limits on how much you can transact to your mortgage lender and that is $5000 per rolling 30 days.
Although ChargeSmart will allow you to pay your mortgage, subsequently using your American Express card, you will have to pay a fee that is usually between 2%-2.5% of the transacting amount. We also charge a large payment security fee in addition to the normal fee as a fraud prevention measure. But, since you are transacting in denominations, I do not see this as an issue.
Advantages to Using ChargeSmart
The biggest advantage to using ChargeSmart is that you will be able to easily and conveniently pay your mortgage with your American Express card and receive the reward points for doing so!