Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Paying off your mortgage, one gift at a time

Countrywide staffers haven’t had much to cheer about this holiday season, with the company struggling to right itself amidst the slumping the mortgage market, but the company announced some success today with one of its products.

The Countrywide credit card, administered by Visa, allows card holders to pay down $50 of their mortgage principal with every $2,500 they spend on the card. That’s 2% back, on the high end of what other credit cards have been offering, but less than the 5% back some gas station affiliated cards provide.

Countrywide says 71% of its cardholders have used the option. Of course, these mortgage holders would be better off taking the money they are spending on tchotches and putting 100% of it toward paying down their principal. But hey, it’s the holidays.

blog comments powered by Disqus