Cons of paying rent through credit cards?

[14Fiesta]

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@longtimelurker wrote:

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@Anonymous wrote:

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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 payonline too which is so convenient.

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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.

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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....

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Utilization isn't even affected if he pays it off before statement cut (I see alot of people commenting here about how it will effect it).

Also OP to answer your question on how it will look paying your rent with a CC, no one will know except you. CCCs don't report what you used your CC for to the Credit Bureaus.

[taxi818]

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@Anonymous wrote:

How can you pay rent with your CC if you usually pay the traditional way with checks?  

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many places now take credit cards for all types of payments. rent being one of them. go to office or just do it online. at apartment complex. Boom . rent paid. but back to op. even if you max it out and you pay it off like that. barclays will give you increase really fast. they are loving the swipe fee from that one. so i would not have fear of them doing AA ,

off topic. i will be paying my 2014 tax bill on my Credit Card. outstanding.

[slvrhwk]

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@IWOL wrote:

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@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?

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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.

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That's some great rewards. But unfortunately, my apartment only accepts Visa, Mastercard and Discover. I am getting my BCP this week. I could have used it just once to get my bonus. Alas...