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@Anonymous wrote:
I thought about paying rent with my CC. Butt I'd rather give the money up front then let it sit on my card and mess with my utilization. I can pay online too which is so convenient.
If trying to meet bonus spend it's great. If you're just doing it to earn a negligible amount of rewards then not so great.
@juggar wrote:Lol wow, how did you not understand that?
His thought on Flexible spending cards was quite valid.
I didn't say it wasn't valid. I wanted him to explain what he meant. I wasn't aware that either (a) WMC or WEMC are flexible spending cards or (b) that the Arrival+ is in all cases a WEMC or WMC, seeing as how I don't have one. Anytime someone asks a question isn't a challenge, and anytime someone asks for a clarification is not an opportunity to ridicule them.
Speaking of Flexible spending...My new US Airways card is WMC indeed!
@Anonymous wrote:Speaking of Flexible spending...My new US Airways card is WMC indeed!
Nixon,agreed.. Mortgage, rent, taxes are the quickest way to meet spending threshold. I never let a small fee deter me knowing how i will be getting back. Also, those type of spending help lenders give you bigger CLIs.
@slvrhwk wrote:Hi guys,
I just found out yesterday that my apartment complex accepts credit card payment for rent with a $30.95 convenience fee. My rent, including water and utilities, comes to around $2450. I can pay that through my Barclaycard Arrival+ and get ~$50 in reward miles, still making ~$20 after the convenience fee.
2 questions
1. My arrival CL is $2500. Will it matter if I use it to pay rent and close to max my limit? Will Barclays look at it and see it as a warning signal? I intend to pay it off immediately. I want to use it just for the 2x reward and card utilization.
2. Will paying rent through credit card affect my credit in any way? I plan to buy a house next year. Will lenders look at my report and go, why did he need to use credit card to pay rent?
OP....you could squeeze a few more points out of paying your rent by purchasing AMEX gift cards through a portal and then using the AMEX gift cards to pay the rent. Not sure if your Landlord takes AMEX for payment.
If you fly domestically you could get 2 extra points per $1 from Virgin America when buying Amex gift cards through the Elevate Portal.
So basically......the purchase of the $2500 AMEX gift card will get you 5000 Elevate Points worth $100.....plus you would get the 2X on the Arrival for buying the gift card.
So total back would be $150 value minus the cost of gift card and shipping which is about $12 minus the $31 fee. Net rewards would be $117.
I do this every year when paying my property tax, although the rewards on Amex gift cards does fluctuate.
@yfan wrote:
@juggar wrote:Lol wow, how did you not understand that?
His thought on Flexible spending cards was quite valid.
I didn't say it wasn't valid. I wanted him to explain what he meant. I wasn't aware that either (a) WMC or WEMC are flexible spending cards or (b) that the Arrival+ is in all cases a WEMC or WMC, seeing as how I don't have one. Anytime someone asks a question isn't a challenge, and anytime someone asks for a clarification is not an opportunity to ridicule them.
Yeah ok... whatever.
Implying this isnt a snide remark: "Not sure what that has to do with anything here, but okay."
@Anonymous wrote:
@Anonymous wrote:
I thought about paying rent with my CC. Butt I'd rather give the money up front then let it sit on my card and mess with my utilization. I can pay online too which is so convenient.If trying to meet bonus spend it's great. If you're just doing it to earn a negligible amount of rewards then not so great.
Depends, right. OP is making $20 a month, so in 5 months he has $100. And people seem perfectly wiling to wait much more than 5 months for the Freedom bonus to go from $100 to $200. So same call of "free money". And paying with cc is pretty painless, compared to using things like bluebird/redbird (though those earn more)
And as for utilization, if you are not apping, doesn't really matter that month....
@IWOL wrote:
@slvrhwk wrote:Hi guys,
I just found out yesterday that my apartment complex accepts credit card payment for rent with a $30.95 convenience fee. My rent, including water and utilities, comes to around $2450. I can pay that through my Barclaycard Arrival+ and get ~$50 in reward miles, still making ~$20 after the convenience fee.
2 questions
1. My arrival CL is $2500. Will it matter if I use it to pay rent and close to max my limit? Will Barclays look at it and see it as a warning signal? I intend to pay it off immediately. I want to use it just for the 2x reward and card utilization.
2. Will paying rent through credit card affect my credit in any way? I plan to buy a house next year. Will lenders look at my report and go, why did he need to use credit card to pay rent?
OP....you could squeeze a few more points out of paying your rent by purchasing AMEX gift cards through a portal and then using the AMEX gift cards to pay the rent. Not sure if your Landlord takes AMEX for payment.
If you fly domestically you could get 2 extra points per $1 from Virgin America when buying Amex gift cards through the Elevate Portal.
So basically......the purchase of the $2500 AMEX gift card will get you 5000 Elevate Points worth $100.....plus you would get the 2X on the Arrival for buying the gift card.
So total back would be $150 value minus the cost of gift card and shipping which is about $12 minus the $31 fee. Net rewards would be $117.
I do this every year when paying my property tax, although the rewards on Amex gift cards does fluctuate.
Very Nice! I'm glad someone did the math on potential rewards here.
@juggar wrote:Yeah ok... whatever.
Implying this isnt a snide remark: "Not sure what that has to do with anything here, but okay."
I'm not implying it. I'm saying it. It wasn't a snide remark. It was a remark stating that I was at a loss as to the link between this conversation and flexible spending, and said link turned out to be that Arrival+ cards are WMC/WEMC and that WMC/WEMC cards are generally flexible spend cards.
@IWOL wrote:
@slvrhwk wrote:Hi guys,
I just found out yesterday that my apartment complex accepts credit card payment for rent with a $30.95 convenience fee. My rent, including water and utilities, comes to around $2450. I can pay that through my Barclaycard Arrival+ and get ~$50 in reward miles, still making ~$20 after the convenience fee.
2 questions
1. My arrival CL is $2500. Will it matter if I use it to pay rent and close to max my limit? Will Barclays look at it and see it as a warning signal? I intend to pay it off immediately. I want to use it just for the 2x reward and card utilization.
2. Will paying rent through credit card affect my credit in any way? I plan to buy a house next year. Will lenders look at my report and go, why did he need to use credit card to pay rent?
OP....you could squeeze a few more points out of paying your rent by purchasing AMEX gift cards through a portal and then using the AMEX gift cards to pay the rent. Not sure if your Landlord takes AMEX for payment.
If you fly domestically you could get 2 extra points per $1 from Virgin America when buying Amex gift cards through the Elevate Portal.
So basically......the purchase of the $2500 AMEX gift card will get you 5000 Elevate Points worth $100.....plus you would get the 2X on the Arrival for buying the gift card.
So total back would be $150 value minus the cost of gift card and shipping which is about $12 minus the $31 fee. Net rewards would be $117.
I do this every year when paying my property tax, although the rewards on Amex gift cards does fluctuate.
Well, if you are doing this regularly (and this is what I mean by a bit more work).
Load the Amex card to Redbird at Target
Withdraw money to bank account
Pay rent as usual.
This saves the convenience fee and the need for the landlord to take Amex. You can also use portals like TopCashBack or BeFrugal, to get between 1.5 and 2.5% from them (+ the 2% from Arrival)