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Posts: 5
Registered: ‎07-21-2011
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Paying your rent with a Credit Card, Good or Bad?

Has anybody done this before?


I could have sworn Ive read someone that banks dont like when you do this. Does anyone know if this is true?


If I do pay my rent with my credit card I will get points on it right? (II have the Citi Forward)


Thanks for your input guys. 

Established Member
Posts: 37
Registered: ‎07-25-2011
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Re: Paying your rent with a Credit Card, Good or Bad?

I've done it in a pinch. I believe the prop managers charged me a couple percentage points for the luxury so any benefit received was a wash. Not sure if my bank liked it or not. I assume they didn't care when I paid the balance off at the end of the month.
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Posts: 2,528
Registered: ‎11-11-2010
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Re: Paying your rent with a Credit Card, Good or Bad?

Sure, some landlords accept credit card as a payment, and you do earn rewards for those payments.


Be aware however, that some landlords will have you pay the interchange/discount fee instead, making any rewards earned negated.

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Valued Member
Posts: 36
Registered: ‎06-26-2011
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Re: Paying your rent with a Credit Card, Good or Bad?

The company I rent my apartment from charges a 3% convenience fee for paying via credit card. As this negates any rewards I would recieve, I send them a check instead. If there were no fee, I wouldn't hesitate to charge my rent to a card (although AMEX would most likely FR me).

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Established Contributor
Posts: 911
Registered: ‎12-25-2010
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Re: Paying your rent with a Credit Card, Good or Bad?

I would do it for the rewards but I would get charged a $35.00 fee so that would negate them...

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Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
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Re: Paying your rent with a Credit Card, Good or Bad?

CC Merchants are bound by their merchant agreement. I don't know of any that allow:


- an additional fee to be charged for the use of a CC

- a discount for cash/check instead of CC

- a minimum charge


Some entities such as Sales Tax and Property Tax collectors have special deals with a third party processor that charges a fee to process the transaction.

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Posts: 619
Registered: ‎06-18-2007
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Re: Paying your rent with a Credit Card, Good or Bad?

I do it every month with my crappy Merrick card.  The card gets no use other than charging rent and paying it off each month.


The credit card company does not charge a fee, but the rent payment company does; in my case it's $29.95.  I do this because I was able to defer the rent for a month (over and over) and yes, pay $29.95 over and over... it still has not added up to the amount I'd have to pay for rent for that month that I originally deferred.  Yes, I know that originally I will have paid enough in $29.95 fees that it'll add up to having paid an entire month's rent just for being able to defer the rent one time and keep it that way on an ongoing basis.  I'll probably just pay rent in cash by that time, though, and I needed to to it, at the time.


My point is that the fees are steep.  If you have a good rewards card you might get that fee back in rewards, making it a wash, as some have said.  My Merrick card has no rewards.  At times I've used the Merrick-H (Hooters) card for the same purpose and I earned enough cash back rewards doing this to pay myself back for half of the fees.


Whether Merrick card (which I don't think of as a real bank) likes it or not, I do not care, but I have had no indication that they don't like it.  They probably love collecting merchant fees.  I'm sure the rent company charges a fee that is about enough to reimburse them the merchant fee they are paying Merrick.

Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.

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