Are reward points worth it?
Are reward points worth it? Credit card points are a smart way to get value back on money you're already spending, but they do require financial discipline. Some consumers fall into the trap of spending more just because they're earning points. For credit card points to be worth it, you need to follow a budget and avoid overspending.
Is it smart to pay with rewards?
It can be tempting to put big purchases on your credit card in the name of racking up rewards, and doing so often pays off — but only if you're able to pay off the balance in full and on time. Otherwise, the rewards you earn will likely be erased by interest, late fees or both.
Can I pay my mortgage with a credit card?
Yes. Technically paying down your mortgage with a credit card is possible, but it is a complicated process. Mortgage lenders do not accept direct credit card payments, so you will need to find a workaround service like Plastiq in order to carry out the transaction.
Is it better to redeem points for cash or travel?
Ultimately, deciding whether to redeem points rather than pay cash for travel is a personal choice. You'll get more value by using them for high-priced travel experiences. But if you're a budget traveler who just wants to save a few bucks, use your points for that economy flight or low-category hotel redemption.