This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. Some rent payment services will facilitate credit card payments — for a fee. It may be possible to pay rent directly with a credit card, just as you would other types of bills. If you have a rent payment of $1,000 and you’re paying a 2.99%  processing fee, that’s an additional $29.90 every month. That’s between $25 and $30 in fees with each rent payment. » MORE: Can you pay your mortgage with a credit card? Payments can be made manually or scheduled automatically. But it’s still possible to pay your rent with a credit card—if you’re willing to pay a service fee that essentially covers that 2-3%. There’s a 2.5% fee to pay your rent with a credit card, amounting to an extra $300 per year. Tio, which has variable credit transaction fees. Earn rewards or cashback on every payment and ease your cash flows. Also consider: RentSmart accepts all UnionPay credit cards issued by any bank in Hong Kong and Macau. If you’re building credit or interested in gaining rewards like airline miles or cash back, it can be a good idea to use your credit card for most purchases.But is it wise – and even possible – to pay your rent with a credit card? Note, t… Disclaimer: NerdWallet strives to keep its information accurate and up to date. Here’s how you can pay rent with a credit card. 1. On-time rent payments aren't typically reported to credit bureaus, and their presence could help you build a positive history and lift your credit scores. Just download the RentSmart App, create an account and register your identification document and tenancy agreement. If you’re required to do this, your landlord should provide you with the specific website address. Some cards offer specific rewards, like gift cards or other items. Rentshare, which takes out an additional 2.99% for each credit transaction. Choose recurring payments or log in to pay. Fees range from 2.5-3% per credit card payment or a flat fee for payments made with debit cards.Here’s a chart of third-party payment providers that accept credit cards, along with the respective fees. Credit cards seem to be accepted for everything except for rent, as many landlords will flat-out refuse plastic to avoid the 2-3% interchange fees on large transactions. The platform allows roommates to split the cost of rent and choose their own payment method. By routing rent payments through credit card we may enjoy lot of benefits like rewards & more and the rent payment apps too would swim in 100’s and 1000’s of crores in revenues – that’s a win-win for sure. You pay Plastiq a fee equaling 2.85% of your payment every time you use a credit card, or 1% when you use a debit card. In addition, when you pay rent with your credit card, you get upto 45 days of interest-free credit period. Even if your landlord doesn't accept credit card payments, you still have options. By using our site, you agree to our. Plus, those … All financial products, shopping products and services are presented without warranty. Using a credit card to pay your rent has its advantages. Can I pay my rent directly by credit card? We mail them a paper check." Plus, it gives you flexibility. Yes, but there are some caveats. But if you don’t pay your credit card bill in full every month, the interest payments on your ongoing balance can pile up. Radpad, which has a 2.99% credit transaction fee. Pre-qualified offers are not binding. •, Options to pay your rent when you can’t afford it, How to pay bills when you can’t pay your bills. Method 1 Paying Your Landlord Directly Ask your landlord whether he or she already reports your rent payments to credit bureaus.”, “When a landlord reports rent payments to a credit bureau, it is presented as a separate tradeline or account on your credit report, much like an auto loan or a credit card,” John Danaher, president of consumer interactive at TransUnion, said via email. (TransUnion is a NerdWallet business partner.) Pay rent and earn. If you’re in a position to fully pay off your credit card bill, it’s a great way to earn some free points. “Lenders will review that, along with your other payment information, to determine your riskiness as a borrower. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. You definitely can pay your rent with your credit card, but it’s a convenience that could cost you more than you think. Several services offer tenants the opportunity to make rent payments online. Thanks to all authors for creating a page that has been read 3,879 times. Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. General assistance is available with a phone call or online chat, but some issuers are taking specific steps for individual cards. Related reading: Best cash-back credit cards. You can schedule payments automatically or pay manually via the mobile app for iPhone and Android devices. 3) RentMoola. Just remember that as long as you keep up with your bill and can pay it back over time, your credit score will eventually bounce back. I don’t pay rent but I periodically use Plastiq to pay my mortgage with a credit card and have had no issues. Paying your rent with a credit card is a great way to earn reward points, build up your credit score, and avoid accidental late fees. • How to pay bills when you can’t pay your bills. Credit cards offer reward points, cashback, air miles or even instant discounts on your spends. If you want to pay rent with a credit card, consider doing it with the credit card that has the lowest interest rate, and try requesting a credit limit increase from your issuer first. Before you decide to pay rent with a credit card, consider the pros and cons. Ask your landlord whether he or she already reports your rent payments to credit bureaus before you make this feature a deciding factor. Paying rent with a credit card could affect your credit score by increasing your credit utilization ratio — the total amount of debt you have compared with the amount of available credit you have. If your landlord directly accepts credit cards, banks typically charge them a 2% to 3% fee for each transaction – which they’ll likely pass on to you. RentMoola accepts payments … Some rent payment services tout the opportunity to earn incentives for paying rent with rewards credit cards, but the cost of the processing fee can eliminate any earnings. But it is possible to pay rent with a credit card? Though the coronavirus is taking a massive toll on the world, there’s a silver lining for those paying rent, with many landlords re accommodating fee-free credit card payments. Complete your profile. Credit card reward rates vary, but they usually won’t exceed the cost of the fee. One exception: Your rent payment can help meet the spending requirement for a hefty credit card sign-up bonus. Can you pay your rent with a credit card? When evaluating offers, please review the financial institution’s Terms and Conditions. Depending on who your landlord is, the payment process may be quick and simple or somewhat complicated. Keep reading to find out the pros and cons of paying rent with plastic — to determine if you can afford to pay rent this way. Factors to consider before paying rent with a credit card,  vary, but they usually won’t exceed the cost of the fee. One exception: Your rent payment can help meet the spending requirement for a hefty. But putting thousands of dollars in rent on a credit card can temporarily push that ratio higher. What platforms allow … Continued Start paying rent using your credit card and earn miles, cashback and reward points. Landlords and Property managers can automate rental collections from multiple tenants. We believe everyone should be able to make financial decisions with confidence. If you know your options and ask the right questions, you can find the best fit for your spending habits and goals. Your landlord may accept payments via debit even if they don’t take credit cards. Some landlords require tenants to make an online account even if they intend to pay in person or over the phone. Some rent payment services tout the opportunity to earn incentives for paying rent with rewards credit cards, but the cost of the processing fee can eliminate any earnings.”. Nerd tip: Struggling to pay rent? You’ll come out ahead when you use any of the entrants on our best sign-up bonus credit cards list to pay rent – until you clear the early spend threshold, that is. Some require your landlord’s involvement, while others don’t. What methods can I use to pay my rent? Some property management companies now accept online payments, including credit and debit card payments. We pay … Enjoy Exciting Reward Points & Get Exclusive Offers from Leading Brands. But the following cards, in particular, give you a solid chance to earn a respectable return on rent spending. 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