Home mortgage credit card rebate program

"According to the bank's Web site, the Home Rebate card lets customers reduce $1 of principal on their mortgages for every $100 they spend, with automatic reductions in $25 increments. Spending $15,000 would lower principal by $150, for example."

So this is basically a 1% rebate program which isn't that great. I get 1.25% from Pentagon Federal Credit Union and there are other places that can easily beat 1%. With rates as low as they are nowdays, it may not be such a good idea to pay off your mortgage quicker. If you can find an investment that can beat your mortgage rate, you would be better of putting your money into that.