Friday, May 25, 2007

Roll me over!

From Yahoo, we have American Express to let cardholders charge mortgage payments.

In what is considered to be a first for the credit card and mortgage industries, American Express on Wednesday said it will now allow cardholders with any of its charge or credit cards and a prime loan from American Home Mortgage to charge their mortgage payments and earn reward points for doing so.

Rolling over a secured loan at a lower rate into an unsecured loan at a higher rate.

Why not? Let's just keep rolling over debt at higher and higher rates, and we never have to pay it back. Yeah, baby! That's the ticket.

Screw this! I wanna get to the point where I can pay my Mastercard with my Mastercard.

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