Consumer Payment Card News

Mortgage Payments

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Americans are now able, for the first time, to directly charge their recurring monthly mortgage payments on a credit card and earn points. Under the new “Express Rewards Mortgage” program prime mortgage customers of American Home Mortgage or IndyMac Bank will be able to charge their mortgage payments to an American Express card and earn “Membership Rewards,” cash back, airline/hotel points or other types of rewards. American Home Mortgage is charging a one-time fee of $395 to its customers who want to participate in the AmEx program. Payments have to be pre-authorized by AmEx or its issuer in order to make the anticipated monthly payment. For more information visit: “http://www.ahmadvantage.com”:http://www.ahmadvantage.com or “http://www.indymacbank.com”:http://www.indymacbank.com or “http://www.www.americanexpress.com”:http://www.www.americanexpress.com.

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