Can I pay for a years rent up front using a CC without fees?

amandabailey

Hi

Love this site! Seen ML on TV and inspired me to become more savvy with getting my money work for me! I have an agreement with a lovely landlady to pay a years rent upfront. I am wondering if i sign up to a frequent flyer programme credit card, can i pay my rent in a credit card transaction gain lots of points pay off and pay off with my credit card with no rates? Or can this not be done?

Thankyou in advance for help,

Amanda

eskbanker

Does your landlady accept payment by credit card?

Candyapple

Firstly does your landlady accept rent payments by credit card?

Secondly, I highly doubt you would find a credit card, assuming average rent of £1k per month, with a circa £15k limit off the bat - unless of course you had an immaculate credit history, no debts and a high earner etc.

Thirdly, I'm pretty sure the frequent flyer cards don't offer the money transfer service or even a 0% feature on purchases, I could be wrong do your own research. Not to mention that a lot of the airline cards charge an annual fee.

Have a read of the link below, what you are after is a money transfer card:
http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

m4rc

I'm not sure average rent is 1k, I rent a 5 bedroom cottage with land and outbuildings in a gorgeous part of the world for £1100 and my previous 4 bedroom detached house with 3 reception rooms in a not so lovely part of the world but still quite nice (ish) was £800 a month. I guess if you are considering some people pay tens of thousands a month, add it all up and take the middle it could be a thousand but many people pay a few hundred a month.

Hat aside, if you can get a card with the riht limit could you pay your landlady via PayPal? That could work, though not sure you will get to fly to the Bahamas on it!

andyfromotley

Hi Amanda,

what is the benefit of you paying it a year up front? I can see plenty of drawbacks such as a dramatic change in circumstances forcing a move etc you are then in your LL hands, Death (hopefully not ;-) etc etc.

Also its unclear if you have the cash to pay this off straight away? If not paying your rent by CC could be a hugely expensive way to do it.

eDicky

andyfromotley wrote: »

Hi Amanda,

what is the benefit of you paying it a year up front?

Hopefully she has negotiated a good discount. It's what I have often done, for six months or a year in advance.

chuckley

Candyapple wrote: »

Firstly does your landlady accept rent payments by credit card?

Secondly, I highly doubt you would find a credit card, assuming average rent of £1k per month, with a circa £15k

Where did you pluck this from? Kanye's a$$?