If you tell your father or grandfather that you are thinking of paying the rent using a credit card, they might lecture you or totally freak out. As for years, they have paid the rent either through cash or NetBanking. But the world is evolving and you need to as well!. Also, there are many online platforms that allow you to pay the rent online using a credit card at the cheapest rates. These platforms ensure that your rent-paying experience is not only simple and convenient, but you also get to enjoy a host of benefits.

While there are a number of platforms that offer the facility of paying rent using a credit card, let us first look at the benefits of paying rent online. 

Why Should You Pay Rent Using a Credit Card?

Let us first understand why it is beneficial for you to pay rent using a credit card:

1. Cashback Offers: When you pay rent with credit card, several banks and eCommerce portals provide you with great cashback every time you use your credit card. The cashback you earn is directly credited into your account regularly. 

2. Earn Reward Points: Unlike cash transactions, paying rent using credit cards can buy you reward points that can be redeemed to get discounts on future purchases or bookings from renowned brands. For example, Magicbricks is one platform that offers reward points and exclusive offers to make rent payments using credit cards.

3. Free Credit Period: When you pay rent using a credit card, you get 45 days of the free credit period. Therefore, if you pay your credit card bill within these 45 days, you won’t have to pay any interest charges.

4. Timely Payments: Let’s assume, your rent is due on the first of every month but your salary is credited on the 5th or 6th. In such a case, you won’t have to go through the embarrassment of convincing your landlord regarding delayed payment if you pay the rent using a credit card. Also, you can pay the credit card bill with a free credit period of 45 days to avoid interest on your rent payment

5. Boost your Credit Score: If your credit score is on the lower side (below 750), you can improve it (to 750 or above) by frequently making large transactions (like rent). For those who don’t know, a credit score is taken into consideration by banks or NBFCs before deciding if an individual is eligible for a loan. However, it is advisable not to go above 30% of your credit utilization ratio as it can impact your credit score negatively.

6.  Minimum Formalities: All the platforms that allow you to pay rent using credit cards ensure to make your rent payment process seamless by offering cutting-edge technology. Also, you just need to fill in your landlord’s details just ones and then you can automate the rent transaction (if your credit card issuer allows) for the rest of the year.

7. Meet the Annual Spending Limit: A lot of users who own a credit card face the issue of not meeting the annual spending limit of their credit card. However, by paying rent using a credit card every month, you will be easily able to meet your annual spending limit.

pay rent with credit cardPay House Rent Using Credit Card

Is it safe to pay rent with a credit card? 

With multiple platforms offering the service to pay rent with a credit card, by now you know that paying rent is no more a hassle. However, if you have any doubts like whether the process is safe or not then just follow the below-mentioned steps every time you use your credit card to pay rent:

  • Beware of the calls asking for your sensitive information like your credit card number, CVV or expiry dates. None of the banks or any financial institution will ask for your credit card details.
  • In case you lose your credit card, immediately contact your bank and tell them to block your credit card.
  • Do not share your credit card details on random websites in order to avoid any Credit card frauds.
  • You can pay rent with your credit card but avoid using your credit card as a primary payment mode on sites that you don’t trust.
  • Opt for two-factor authentication whenever possible, this will give you an additional level of protection for your credit card.
  • Whenever you pay rent with a credit card do not ever share your OTPs with anyone.

12 Cheapest Platforms to Pay Rent Using a Credit Card

Here are the cheapest platforms to pay rent using a credit card: 

1. Magicbricks

Magicbricks is one of India’s leading real estate platforms to sell, buy and rent residential as well as commercial properties. Magicbricks has introduced a new feature where it allows users to pay rent using a credit card via its platform and earn rewards and a lot more. Also, Magicbricks is one of the cheapest platforms to pay rent using a credit card as it charges a minimal processing fee of 1% of the transaction amount if you use either a VISA or a Mastercard credit card. 

Apart from being an economical platform to pay rent, it offers a lot of benefits to the users. If you pay your rent via Magicbricks, your landlord receives it within 1 day of initiating the payment, and you get an instant rent receipt on your registered phone number or email ID. Also, you can be rest assured that when you fill in your credit card credentials or landlord’s bank account details, all the information is secure with Magicbricks.

Magicbricks Pay Rent With Credit Card

Pay rent with credit card on Magicbricks.

Some benefits of paying the rent using a credit card via Magicbricks are:

  • You can earn cashback and offers up to Rs. 23,000
  • Avail free rental insurance of up to Rs 1 lakh and secure your family
  • Get a chance to win 100% cashback on rent
  • Avail 10 to 50% off on top brands like Domino’s, Myntra, PharmEasy, EaseMyTrip, rentickle, etc.
  • Get a chance to win exclusive offers from banks
  • Earn rewards for paying the biggest monthly expense and maximise your savings
  • 2. ePayRent
  • ePayRent is another amazing platform that connects the landlords and tenants and simplifies the process of paying the rent online. Through ePayRent you can pay rent with a credit card and enjoy the benefits of up to 45 days of zero interest credit period. Now, by paying your rent on time you can also improve your credit history (cibil score) and also earn you reward points.
  • ePayRent Pay Rent With Credit Card Pay rent with credit card using ePayrent platform. (Source: epayrent)
  • Some benefits of paying the rent using a credit card via ePayRent are:
  • Secure Payments
    With ePayRent you can make secure payments using a credit card, which means your confidential information is secured and encrypted.
  • Instant Rent Receipts
    You will instantly receive your rent receipts in your email. You can submit that rent receipts to claim HRA exemption.
  • Reward points
    Earn reward points and redeem them for payments done through ePayRent. 
  • 3. CRED
  • CRED is a credit card bill payment app that rewards you for paying the credit card bills on time. The CRED app lets you pay the rent using a credit card each month. The app ensures that you earn CRED points, cashback and rewards while you pay the rent. You can visit the CRED app and apply for CRED rent pay service at a transaction fee ranging from 1% to 1.5%, depending on your credit card network.
  • Some benefits of paying the rent using a credit card via CRED app are:
  • If you pay rent of a minimum of Rs. 10,000 using your RuPay credit card via the CRED app, you get a Flat Rs. 250 OFF. You may avail of this deal only once (1 time) during the offer period.
  • If you pay rent for the first time using the AXIS Bank credit card, you get a cashback of Rs. 500
  • If you pay rent using IDFC Bank credit card, you can earn up to 10x reward points
  • You also get an auto-applied cover of Rs. 1 lakh 
  • Also Read: Pay Rent With A Credit Card And Fund Your Next Trip 
  • 4. MyGate
  • MyGate is one of the popular community management app that has introduced a new service RentPay on the app. This feature allow the users to make rent payments without any delay. You can pay rent with credit card on a monthly basis using MyGate RentPay service and also earn exciting rewards on credit card. 
  • Benefits of paying rent using a credit card with MyGate are:
  • Get free up cash and 45 – 60 days interest-free credit period.
  • You can earn exciting rewards on credit card.
  • It allows you to make UPI transactions at 0 transaction cost.
  • You can manage all the household payments in one place.
  • You can download the rent receipts and claim HRA tax benefits.
  • pay rent with credit cardMyGate: Cheapest platform to pay rent with credit card.
  • 5. PayZapp 
  • PayZapp is another app that helps you pay rent through credit cards. However, PayZapp is not a standalone app to pay rent through credit card. The app connects you with other major services to pay rent. For example : 
  • PayZapp provides an option to pay rent using RedGiraffe and earn additional points/ cashbacks.
  • You can use the PayZapp wallet option to pay rent on Nobroker and avail additional cashback. 
  • pay rent with credit card using PayZappBenefits of paying rent with credit card using PayZapp. (Source: PayZapp
  • 6. Paytm
  • Paytm is India’s most popular platform for paying bills, booking tickets, recharging and doing a lot more. Paytm also allows users to pay rent hassle-free via credit card from its platform. While paying your rent through this platform, you can decide if you want to transfer the rent to your landlord’s bank account or the UPI ID. 
  • Some benefits of paying the rent using a credit card via Paytm are:
  • Enjoy a highly secure and transparent platform to pay rent using a credit card
  • Win additional cashback and offers for your future transactions
  • Track your rent payments via the ‘Payment History’ section on the Paytm mobile application
  • Easily achieve your credit card milestones of fee waiver and bonus rewards
  • Make up to 10 rent payments every month
  • Get Free Rent Agreement on Magicbricks
  • 7. Paymatrix
  • Here’s another platform to pay rent using credit card and this one is worth mentioning, so you don’t miss it. Paymatrix enables the user to pay their monthly rent the smarter way! If you are a tenant, you can pay rent using credit card, you can generate rent receipts and also the rent agreement online all at a single place. 
  • Pay rent with credit card Pay rent with credit card through Paymatrix. (Source: Paymatrix)
  • How to Pay Rent Using Credit Cards on Paymatrix?
  • Follow the below steps to pay rent with a credit card:
  • Step 1: Download the Paymatrix app from Google Play.
  • Step 2: Set-up an account with your email id or using your mobile number. 
  • Step 3: Add beneficiary details. Add your landlord’s account details.
  • Step 4: Now the final step is to make your payment and enjoy some exciting rewards and amazing cashbacks.
  • Benefits of Paying Rent With Credit Card
  • Credit-Free Period: With Paymatrix you get 45-50 days* to pay back your rent amount to your Credit card.
  • Enjoy Exciting Rewards & Cashbacks: You can enjoy cashback of upto 2%* and exciting discounts from Paymatrix & partners. 
  • Avoid High-Interest Loan: You can leverage your credit card for some short-term cash requirements.
  • Improve Your Credit Score: You can also improve your credit score with timely repayments.
  • 8. Freecharge
  • Freechange is a platform by Axis Bank and is a payment app. Freecharge can easily transfer rent from your credit card to your landlord’s account. A minimal convenience fee of 1.1% is charged on every transaction you make from your credit card to pay rent. You can earn up to 3% reward points while paying rent using your credit card.
  • Pay rent using credit card.
  • Pay rent with credit card on Freecharge. (Source: Freecharge)
  • Some benefits of paying the rent using a credit card via Freecharge are:
  • Stand a chance to earn cashback or reward points based on your card scheme
  • Add up to 3 landlords at a time and transfer up to Rs. 2 lakh of rent amount in a day
  • If you pay the rent via Axis Bank credit card, you get 3x edge reward points
  • Go for Tenant Verification with Magicbricks
  • 9. RedGiraffe
  • Redgirrafe is another service provider that allows you to rent payment from the comfort of your home. 
  • The USP of Redgiraffe are:
  • It has an ultra-low service fee of 0.39%+GST; however, how the company can give at this rate remains a mystery. Their deep integration with several banks could be the reason to make it possible, to an extent.
  • The account activation takes around a day or two. Once the verification is done, the tenant will be asked to set up an auto payment with the credit card issuer. 
  • The form-filling process can be a bit long but is easy to understand and hassle-free. Moreover, one needs to submit all the details in the form only once, and then when you get a low service fee rate, it is worth the effort. 
  • 10. PhonePe
  • One of India’s most-preferred digital payment platforms, PhonePe also allows paying rent using a credit card. The digital payment financial app launched the Rent Payment feature to the app in 2021. The interface is similar to Paytm and Freecharge, making you enter only the essential details to pay rent.
  • Some benefits of paying the rent using a credit card via PhonePe are:
  • The platform accepts Credit Cards from banks, including American Express, a feature you may not find on any other app. 
  • A convenience fee of 1.50% is charged on using the rent payment via credit card to PhonePe, which is less than Paytm and CRED. 
  • You do not have to attach or enter rent agreement details for paying the rent using a credit card via PhonePe.
  • Paying rent using PhonePe allows you to earn cashback and vouchers. 
  • 11. NoBroker
  • NoBroker is another real estate platform that allows users to buy, sell and rent properties. The platform allows you to pay rent and society maintenance using a credit card. Major credit cards like Visa and Mastercard can be used on NoBroker platform to make rent payments and earn reward points and cashback.
  • Some benefits of paying the rent using a credit card via NoBroker are:
  • You can get up to 50% off on processing fees by inviting your friends.
  • Earn up to Rs. 30,000 reward points on your Visa and Mastercard.
  • Also, earn reward points on the yearly spending using your credit card
  • Receive the payment receipt instantly on your registered email address
  • Your landlord receives the rent within 2 working days of initiating it using the credit card.
  • 12. Housing.com
  • Housing.com is another real estate platform that makes making rent payments using credit cards simple and convenient. The platform allows you to directly pay the rent in the landlord’s account without any hassle and earn additional discounts, exclusive rewards and coupons from famous brands.
  • Some benefits of paying the rent using a credit card via Housing.com are:
  • If you pay rent using a credit card via the Housing.com platform, you can earn up to 3% reward points from your credit card provider.
  • Enjoy 100% safe and secure transactions using credit cards.
  • Get instant digital rent receipts on your registered email address.

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