Paying for rent w/ CC...frowned upon or o.k.?

pizza1 · ‎01-01-2015

I'm just curious, but the new apartments I'm hoping to get approved to move into next month, are set up to take rent payments with a CC... All the majors. Wondering if its ok to do that, and if your CCC frowns upon it? I'd sure like to do it to get points faster every month! Thoughts?

Anonymous · ‎01-01-2015

Perfectly fine. No problems whatsoever

Anonymous · ‎01-01-2015

I've been paying my rent with cards since I first got them and no problem If your apartments accept cc payments I dont see why lenders would frown on this particular transaction. Where I live they only accept Discover/Visa/MC but the fee for using Visa is $19.95 which is outrageous so I use Discover or Sallie Mae.

TRC_WA · ‎01-01-2015

If your landlords let you do it for free I'd be surprised.

My apartment complex used to take CC's... and charged me a $15 fee if I wanted to use it which pretty much negated the Rewards I was getting from my card when I charged my $1500 rent.

I've got better cards now but the complex now has new ownership and doesn't take CC's.

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24

Anonymous · ‎01-01-2015

@pizza1 wrote:
I'm just curious, but the new apartments I'm hoping to get approved to move into next month, are set up to take rent payments with a CC... All the majors. Wondering if its ok to do that, and if your CCC frowns upon it? I'd sure like to do it to get points faster every month! Thoughts?

It's fine.

Anonymous · ‎01-01-2015

Ask for a large CLI so you can pay my mortgage while you're at it

Anonymous · ‎01-01-2015

@Anonymous wrote:
Ask for a large CLI so you can pay my mortgage while you're at it

And paypal me a stipend.

pizza1 · ‎01-01-2015

Thank you!! They do charge a small few, I believe it's between $7-12, can't remember, but worth the extra fee to do it? Was thinking it would help utilize one of my cc's better.

Anonymous · ‎01-01-2015

@pizza1 wrote:
Thank you!! They do charge a small few, I believe it's between $7-12, can't remember, but worth the extra fee to do it? Was thinking it would help utilize one of my cc's better.

If it's only $7-12, then if you get 1.5% CB, You should be making $10-15/mo on your rent.

tcbofade · ‎01-01-2015

...and you could earn even MORE rewards by paying MY mortgage too.

04/01/24 Fico 8: EX 763, EQ 799, TU 783.
Fico 9: EX 756 03/13/24, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...