No. of Recommendations: 0

I can't think of anything to keep me from using those "convenience checks" to pay off my mortgage. But there's got to be something wrong here. I inherently don't trust FUSA. But I can't think of a reason not to do this. What am I missing?

Read the fine print on your credit card documentation which says that they can raise your interest rates (or change any other terms they chose) at any time without prior notification - and without any recourse for you.

Can you get a better rate on your mortgage by refinancing? That's essentially what you'd have to do once you transfer the balance of your mortgage to your credit card and they decide to raise your interest rate to 22%. You'd need to get another mortgage on your house quickly to pay off the credit card before it got you into much worse debt with the compounding of interest.

If you can get a better deal by refinancing, then just do it and leave the CC company out of the loop. If you can't, then keep your current mortgage and let the CC company look elsewhere for a fishie they can hook.

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