BT, 3% of the amount of each transaction, but not less than $5.00 nor more than $75.00. With 0% on BT and purchases you can use it for both rewards and BT.

I wonder if a HELOC would count as "outstanding mortgage principal".

thanks OP. I got deferred, probably because I just did a Sony card app yesterday, both FirstUSA/Chase products. Would be great to get though.

I have to say this is an insanely good offer. Same great 2% as the discontinued FIA Fidelity 529 MasterCard but with a 12 month 0% kicker. Had I not so recently tanked my credit score with my AOR I'd be all over this.

As it is, my wife (clean credit) is going to be all over this. My plan is to forget the BT and just charge up $60k of personal/business purchases on this up over the next year. ($60k because that is the annual reward limit.)

For what its worth, this card is issued by Chase (First USA).

audex said:Too bad you can't pay your countrywide mortgage each month with your countrywide visa.
quote for the day, I agree with you at this point.

ThursdaysChild said:If you already have a Countrywide mortgage, do they still do a hard pull when you apply for their Visa card?

Yes, because it's not a Countrywide card, it's a Chase card. They'll (Chase) pull a hard everytime, and in my unfortunate experience, pull a hard inquiry for doing simple account services (ie CLI, re-allocating limits, consolidating cards, etc).

Good find...1200 bucks a year on mortgage reduction...not bad at all...


PlainGirlJane said:I searched and didn't find this topic...

I was just browsing the Countrywide website while looking at my mortgage statement. I noticed they have a Countrywide Rewards Visa Card. Per the website, "Each time you reach 2,500 points, redeem for:
- A $50 payment towards an outstanding mortgage principal balance with Countrywide Home Loans..." which is equal to 2% back to be applied to your Countrywide mortgage.

For Countrywide mortgage holders, this would be a great card to have for all those other purchases that would otherwise only be earning 1%.

I applied and got instantly approved!

http://bank.countrywide.com

The link is in a green box on the right side.

Hope this helps someone!

Auream said:ThursdaysChild said:If you already have a Countrywide mortgage, do they still do a hard pull when you apply for their Visa card?

Of course, the card is issued by Chase, they have no access to the mortgage application you made with Countrywide.
Wouldn't matter with Countrywide anyway's, They are pull happy. I got a pull for a CD then a few months later I opened the savingslink and got a second pull

ElectricSavant said:g10ny

Please excuse me for being naive, but can you explain a little more? Do you only get the 2% if you you refi?

g10ny said:Only downside is you can't refi except with Countrywide again.
If you refi at a different mortgage company you can't apply the 2%, can you?