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Lot of landlords are accepting rent on CC without Fee.
Check with yours and can use that to move balances from card to card.
Paying rent on a credit card doesn't move balances from 1 card to another. This doesn't make sense...
Please elaborate on moving balances from card to card.
@Physh1 wrote:Paying rent on a credit card doesn't move balances from 1 card to another. This doesn't make sense...
Technically you can do this and it will move the balance from one card to another.
Make a rent payment on credit card, take money for rent payment and put in towards balance on another card. Now you have moved that amount of money from one card to another.
So say your rent is $2K and you have a credit card with a $2K balance and a second card with no balance. The balance on the first card is on a 0% interest promo that is about to run out. The second card has a promo of 0% interest on purchases for 12 months. You would pay the rent with the second card and take the cash you would normally use to pay your rent and pay off the balance on the expiring card, making that card $0 and your new card $2K.
It's not officially a balance transfer but it has the same effect of moving a balance from one card to the other in the end. You're basically just freeing up cash for use towards paying your credit card down by putting an expense that normally is paid in cash on a credit card.
Yes, not only this avoids BT Fee but you can also get rewards/points.
I just noticed this yesterday.
Hmmmp, clever. Thanks @Anonymous and @Anonymous (splaning) .
The catch is finding a landlord that doesn't charge a fee. Many do. Mine does.
@KLEXH25 wrote:The catch is finding a landlord that doesn't charge a fee. Many do. Mine does.
+1 mine charges 2.5%
Actually mine used to charge CC fees.
But due to the pandemic, they have suspended CC Fees. I guess many landlords did.
I read somewhere one third of renters missed payment in April.
Landlords should be lucky to get full rent payment these days.
@Anonymous wrote:Actually mine used to charge CC fees.
But due to the pandemic, they have suspended CC Fees. I guess many landlords did.
I read somewhere one third of renters missed payment in April.
Landlords should be lucky to get full rent payment these days.
Yeah our landlord sent the roommates a card thanking them for being great tenants because we paid our rent this month, on time and in full.