Use a credit card to load a Bluebird account and then use their billpay service to cut the check.
Is there a calculator or something to see how much cash back I will get?
It seems that the process will be the following:
Use a cash back credit card and buy a Vanilla visa gift card. (
get points)
Use the Vanilla visa gift card to refill the Bluebird card and use the blue bird card to pay my mortgage payment and send the principal payment.
I currently use the following credit cards:
Chase sapphire preferred:
2X POINTS ON TRAVEL1
Earn 2 points per $1 spent on travel when you use your card to pay for airfare, hotels, cruises, rental cars, train tickets, taxis, tolls and more.
2X POINTS ON DINING1
Earn 2 points per $1 spent at restaurants. No matter where, or what, you eat – from fast food to fine dining.
1 POINT PER $1 SPENT ON ALL OTHER PURCHASES1
In addition to earning 2 points per dollar at restaurants and on travel, you'll earn 1 point for every dollar you spend on all your other purchases.
1 ADDITIONAL POINT ON TRAVEL1
Earn 1 additional point (total of 3 points) per $1 spent when you book airfare or hotel accommodations through Ultimate Rewards.1
7% ANNUAL POINTS DIVIDEND1
Chase Sapphire Preferred® will automatically award you a 7% Annual Points Dividend on all new points earned on purchases throughout the year – even points you have redeemed.
American Express Blue Cash:
Cash Back. Earn 3% Cash Back at US supermarkets up to $6,000 per year in purchases (then 1%), 2% Cash Back at US gas stations, 2% Cash Back at select US department stores, and 1% Cash Back on other purchases made by Additional Cardmembers. Terms and limitations apply.1 Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
My mortgage is $500 and make a $4000 principal payment.
There is a $4.95 activation fee on the Vanilla card.
How much cash back will I get a month if I do this? is there a better credit card I could use?