Mortgage Lowdown

Imagine using your credit card to purchase something and at the same time earning points to pay off your mortgage for every retail dollar you spend. Sounds like fiction? No I’m not fibbing. If you live in the Connecticut region, you may earn points toward paying off their mortgages by shopping with a new credit card issued by William Raveis Real Estate & Home Services. The William Raveis Rewards Card is an American Express card with no annual fee. If you are a cardholder, you can earn one point for every retail dollar they spend.

You can also expect to earn extra points when you make purchases at selected home improvement, electronics and home furnishings retailers. And don’t worry if you are not a William Raveis client. Anybody can apply for the card and the only condition is that additional points are awarded only to those who buy a home, obtain a mortgage or buy insurance through William Raveis. Rismedia.com reports:

Points can be used to pay down home mortgages, Raveis said, adding that the company is the first in the region to offer such a program. Each increment of 5,000 points will be converted into a $50 value.

Read more: Real Estate Firm Offers Unique Credit Card in Shelton, Conn

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This entry was posted on Tuesday, June 20th, 2006 at 11:34 pm and is filed under Banking. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.