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American Express (Amex) has announced that its US cardmembers will now be able to make monthly home mortgage payments on Amex cards. They can already make rental payments and condominium downpayments on their cards but the new facility - the Express Rewards Mortgage programme - is a first for the credit card industry, according to Amex.
Mortgage lenders have frowned on using credit cards to make mortgage payments as it signalled that the cardholder was becoming increasingly indebted. However, the Amex...