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  1. #1
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    Default How to pay rent with credit card?

    I want to pay rent with a credit card. My property management company doesn't them. Is there a work-around I could use for paying rent with a credit card?
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    Centurion Member Mogul of Pineapples's Avatar
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    Even if your landlord did accept them, most that do will charge a 3% or higher fee to pay rent with a credit card. It's not something you would want to do unless you absolutely have no other choice.

    What is your motive for paying rent with a credit card - because you want to earn rewards or you can't afford to write a check? If the reasoning is rewards it will never be worth your while because even the best credit cards only give rewards of 2% on regular spending like that.

    If you need to pay rent with a credit card because you are having financial problems, one technique I suppose could work would be with Paypal.

    If you have a friend that would allow you to send them the money and they would turn around and give it to you, then that would e an option. You will still get hit with a 3% fee but it is the only way I can think of for paying rent with credit cards if your landlord won't accept them.

    I hope this advice helps.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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    Default THANK YOU!

    Hey man I would have never thought of that seriously thank you so much you have no idea how much this helps. Now I can pay rent with credit cards My buddy already agreed to do this with his paypal account. Such an awesome idea thanks again!
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  4. Centurion Member Mogul of Pineapples's Avatar
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    You're welcome, glad I could help.

    But do yourself a favor and don't pay rent with a credit card and get into debt. That can happen quickly with how much rent costs. If you have to do this more than one month I would look into other options, even moving in with family, relatives if that's what it takes. Remember that 20% interest compounded will add up in a blink of an eye.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Chase Sapphire Preferred
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    Don't do it man. I used those checks before you get in the mail to pay rent and it buried me fast. Move out if you can't afford the place any longer.
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  6. #6
    Centurion Member Pete838's Avatar
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    Just remember that Paypal isn't free for credit card transactions. It is free to send money to a friend out of your bank account. Currently, PP charges 2.9% + $0.30 per transaction for personal and 1.9-2.9% for commercial or charities.

    It makes sense if your are getting 5% cash back though because that would mean you're coming out ahead. But there are no cash back credit cards that would give a 5% rebate on Paypal purchases that I know of.
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  7. #7
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    Default Have you checked out WilliamPaid?

    I recently discovered WilliamPaid which is by far the best service I know of to pay rent with a credit card. Their service allows you to pay any landlord since they will send payment directly on your behalf. The fees for credit cards are the lowest I have seen - a flat 2.45% regardless of the card type. This beats Paypal by almost 1/2% and you will be hard pressed to find other processing services that will charge you only 2.45% for processing premium reward cards like those from American Express and business cards (both of which cost more for them to process versus your basic vanilla Visa or MasterCard .

    To be clear that CreditCardForum has no advertising relationship with WilliamPaid and therefore does not benefit by promoting their services. Simply put, we just believe it is your best option for rent payments using credit cards.

    -CCG
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    I had the same question as above and so I looked into this service. It looks good, but might not work for my purposes, as I'm less interested in building credit through rent payments, and more interested in getting rewards points for the large monthly purchase.

    I get 1 reward point per dollar, and each reward point is basically 1 cent (at least with air travel). So if my rent is $1500, I think I'd end up paying WilliamPaid $38.50 for rewards points that translate to $11. In doing the math, it seems like it wouldn't be worth it.

    Am I thinking about this correctly?
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  9. #9
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    Guess in the respect I am lucky. My apartment complex allows me to pay my rent with a credit card online through their website. I use a US Bank Visa that earns 1.25% cash back (due to being linked to a checking account). Like it a lot because it gives me a slight break on something I have to spend anyway.
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  10. #10
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    I have lived in a number of large apartment complexes and universities housings. NONE allowed credit cards. You are very lucky.
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