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Can you pay rent using Credit card?
maverick77
Posts: 4 Newbie
in Credit cards
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:
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:
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Comments
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wll they not treat that as a "cash purchase" and add the 1.5% or whatever fee on top ??Ex forum ambassador
Long term forum member0 -
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?0 -
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."A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
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?0 -
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
"A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
Awesome, thanks!!:T
PS: What is a CPA?0 -
maverick77 wrote: »Awesome, thanks!!:T
PS: What is a CPA?
Continuous Payment Authority - see http://www.moneysavingexpert.com/banking/direct-debit"A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
I used to pay rent to a housing association they accepted with no charge0
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I pay my rent to my local council using my credit card and no charge added :TNot going to bury my head in sand any longer
[SIZE=+2]Let him who is without sin cast the first stone:A[/SIZE]0
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