Can you pay rent using Credit card?

maverick77

hi, conscious this is happening already in US, but how can you pay your rent using credit card?

i have a good credit history and strong savings to pay off everything at end of month. Objective of paying rent via credit card is to earn loyalty points

Suggestions/guidance invited :money:

Browntoa

wll they not treat that as a "cash purchase" and add the 1.5% or whatever fee on top ??

McKneff

Browntoa wrote: »

wll they not treat that as a "cash purchase" and add the 1.5% or whatever fee on top ??

Yes, they would so it would well cancell out any loyalty points.

maverick77

sorry i am being a daffy here

are you saying that the card company will charge me about 2%? what will be the process of payment anyways? do i have to pay in cash?

CannyJock

maverick77 wrote: »

sorry i am being a daffy here

are you saying that the card company will charge me about 2%? what will be the process of payment anyways? do i have to pay in cash?

Who are you paying your rent to and do they allow credit card payments in the first place? Otherwise it's a moot point. The 2% fee is the merchant fee that the card company charge the merchant.

If the rent company have a PDQ machine and will process it as a purchase then you're laughing. They may add the merchant fee to the amount of payment they take from you.

maverick77

Thanks for the quick replies...

Well, i am paying rent to a letting agency. I typically pay into their bank account online using my debit card.

Do i have to check with the letting agents whether they will accept my credit card for payment? I can make physical swipe from letting agencies office every month. It is viable from logistical point of view. OR is there a smarter option?

CannyJock

maverick77 wrote: »

Do i have to check with the letting agents whether they will accept my credit card for payment? I can make physical swipe from letting agencies office every month. It is viable from logistical point of view. OR is there a smarter option?

Yes, you need to check with them. They either swipe your card each month or you give them permission to retain your details and set up a CPA .... I'd go with the swipe

maverick77

Awesome, thanks!!:T

PS: What is a CPA?

CannyJock

maverick77 wrote: »

Awesome, thanks!!:T

PS: What is a CPA?

Continuous Payment Authority - see http://www.moneysavingexpert.com/banking/direct-debit

PNPSUKNET

I used to pay rent to a housing association they accepted with no charge

saucymare

I pay my rent to my local council using my credit card and no charge added