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Is this a good idea or bad idea?

Regular Contributor

Is this a good idea or bad idea?

I am moving to an apartment soon.  I can put rent and utilities on a credit card.  I want to do this to get miles on my Amex Delta.  Would it be better if I tried for Green or Zync for this purpose?  Just wondering if you guys had any experience on which rewards are better.

 

I should say that I was CLD (from 2000 to 1100) by Amex about 6 months after I got the card, for stuff that was already on my report when they approved me.  I got the card in 2008.  Just wondering if this would make a difference.

4/23/08 EX-614 EQ-624 TU-635
5/6/08 EX-660 EQ-628 TU-685
5/12/08 EX-660 EQ-652 TU-685
12/08/08 EX-670 EQ-670 TU-674
Message 1 of 6
5 REPLIES
Epic Contributor

Re: Is this a good idea or bad idea?

As long as you paid in full after making the charges, I think Amex would like to see this much activity on your account

Message 2 of 6
Regular Contributor

Re: Is this a good idea or bad idea?

Maybe I am better off using the card I have.  Since I would normally pay rent and utilites with "cash", paying them off each month isn't an issue.

4/23/08 EX-614 EQ-624 TU-635
5/6/08 EX-660 EQ-628 TU-685
5/12/08 EX-660 EQ-652 TU-685
12/08/08 EX-670 EQ-670 TU-674
Message 3 of 6
Senior Contributor

Re: Is this a good idea or bad idea?

 


lawskool09 wrote:

Maybe I am better off using the card I have.  Since I would normally pay rent and utilites with "cash", paying them off each month isn't an issue.


I think it is better to push it all through 1 card and maximize the rewards.    You don't need another annual fee.

 

Message 4 of 6
Established Contributor

Re: Is this a good idea or bad idea?

Does your rental company charge you a fee to put the rent on a credit card?  Most will to ofset the fee they have to pay.  Also, You may want to try it once, and then see how it shows up on your account.  Some places that you can use credit cards to pay for such as rent and loan payment actually run it through your card as a cash advance.  Then you could be hit with hefty fees from the credit card company and a higher interest rate.  I would be very skeptical about using your card to pay something like rent.  If there is a fee that they charge you, then I am sure it will outweight the points you receive through AMEX.  And if it is processed as a cash advance, then you will not receive points on it anyway.


Starting Score: Eq: 662 Tu: 532 (03/02/2011) CH7BK 01/12/2009 Discharge
Current Score: Eq: 712 (02/03/2017) Tu: 717 (04/03/2013)
Goal Score: Eq: 760 Tu: 760

Wallet: PenFed Power Cash 25k | AMEX Blue Cash (AU) 49.5k | Cap One QSMC 26.5k | AMEX Platinum NPSL | LFCU Visa 10k
Message 5 of 6
Highlighted
Regular Contributor

Re: Is this a good idea or bad idea?


Tazman81 wrote:

Does your rental company charge you a fee to put the rent on a credit card?  Most will to ofset the fee they have to pay.  Also, You may want to try it once, and then see how it shows up on your account.  Some places that you can use credit cards to pay for such as rent and loan payment actually run it through your card as a cash advance.  Then you could be hit with hefty fees from the credit card company and a higher interest rate.  I would be very skeptical about using your card to pay something like rent.  If there is a fee that they charge you, then I am sure it will outweight the points you receive through AMEX.  And if it is processed as a cash advance, then you will not receive points on it anyway.


I didn't think about that.  I might try it once and see how things go.  I know there is a fee, but I'm not sure what that is, yet.  Maybe I'll just it for the utilities.

Thanks!

4/23/08 EX-614 EQ-624 TU-635
5/6/08 EX-660 EQ-628 TU-685
5/12/08 EX-660 EQ-652 TU-685
12/08/08 EX-670 EQ-670 TU-674
Message 6 of 6