Anyone try this yet? I think im gonna go for it.
If i make 10 mortgage payments of $1000, that would take care of my spending 10k on my new AA CC. 10 payments of $1000 would cost me $230 in fees but would easily take care of meeting the spending threshold.
The annoying part is that they only gave me credit line of $1000 (probably because i have alot of credit on other citi cards) So to make a $1000 payment, i would only be able to pay $977.05 + the fee for a total of 1k. Id have to pay the rest of mortgage separately each month.
How bad would that be to max out the card for 6 months straight? I assume they would give me a larger credit line in 6 months.