Using ChargeSmart to Pay Your Mortgage and Earn Points

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For me, my daily struggle is finding innovative ways to earn more points.  There are many ways out there, simply by putting all of your purchases on a credit card.  But, after you do that, where do you expand?  Where do you go to find those hidden points?

For me, that answer lies in rent and mortgage payments.  Normally done through check, it is now possible to do so via credit card with ChargeSmart.  Let’s dig into the nitty gritty details and see if ChargeSmart can help you earn some more points and miles!


How ChargeSmart Works

ChargeSmart works in a simple fashion.  All you would need is the address that you normally mail the payment to, the account number with the biller, and the amount that you have to pay.  After selecting how you’d like to pay, it is processed and sent to the biller.  The whole process takes about 2 or three business days.

The types of payments that you can make are endless, including mortgages, auto loan/leases, education loans, utility bills and many more.  You can use Visa, MasterCard, Discover, or American Express to fund these payments, but it is up to biller to accept certain card types.

The biller is the one who decides how much the transaction costs, which could be a “blended,” including a percentage of the payment, or a flat fee. You’ll see this fee before you submit your payment.

I think this is a positive development in the world.  Cash and checks are going the way of the dinosaur (there have even been discussions in Sweden about eliminating cash altogether!).  Today, many people don’t even have checks to begin with!  The ChargeSmart method is a great way to eliminate the hassle of paper payment instruments.

Now, there are a few caveats that may cause you to not utilize ChargeSmart, none of which are the fault of the company.  For one, your bank that you are making payments to may not accept these types of payments.  Even worse, if they do accept these types of payments, the fees associated with the transaction may cost more than the points that you would earn.

Below is an example of the fee associated with a $1500 Chase Mortgage payment. You would have to pay $38.99 to pay your bill through ChargeSmart.

This may seem like a lot, but I could see an argument for paying this to help meet a minimum spending requirement for a sign-up bonus, or meet a spending tier bonus on a rewards credit card. But it all depends on if the rewards outweigh the fee and if ChargeSmart is the right route for you.



ChargeSmart is a revolutionary new tool that fulfills a need in America.  Checks need to die a fast death.  ChargeSmart speeds up payments to two to three days, much faster than a check.  In a world filled with instantaneous transactions, it does not make sense to continue on with paper.

However, the fee structure that your biller imposes on you may make you think twice about using ChargeSmart.  I think for an individual landlord, a $2 or $3 fee each month is not going to break the bank, but if a bank is charging you two or three percent of each mortgage payment, you’ll be sticking to bank transfers I take it!