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blueridge32 said:Totally doable and definitely worth it. It’s not a massive windfall, but it makes sense. Card fees usually sit around 2.5-3.5%, whereas paying via check or wire can hit you with a 5% fee.
certain combinations of cards and insurance providers don't carry any extra fees—meaning you could potentially save that 5% or 6% depending on which company you choose...
At Volksbank, they require an application for an indefinite period—or they demand a legal adversary who is also on an indefinite term
I am not entirely certain how Chase handles their specific criteria, but I can speak from experience regarding another institution. Up until quite recently, when they defined "steady income," they essentially required a narrative—a way to prove how someone taking out a mortgage would actually cover their monthly payments. For instance, saying something like, "I work under the table and bring in about $1333 per month." That approach stopped working once the real estate market cooled down. Now, they simply demand proof of traditional employment.
A 1% fee is standard when setting up a home savings plan—but there are ways to get anywhere from 20% to 100% of that fee refunded directly back into your account... It really just depends on your payment method, how many contracts you hold, and whatever specific promotion a particular Savings Bank is running at the time. Right now, one bank actually has an offer like this active.