10 Best Credit Cards For Rental Payments

[bhavyegoelbhavyegoel is verified member.]

Everyone is looking for the best credit cards list so this is a complete article on the best credit cards for Rent Payments. Only a handful of such cards exist nowadays since most banks are tightening their noose on rental payments and wallet loads using credit cards.

This list along with our Rent Payment Guide will help you get the best rewards and practices around it.




I have made a very specific list especially as the noose around the rental payments is getting tighter and tighter by the banks every month. Since rental payment is a significant expense for every household I recommend everyone to get a card from this list if they have a rental property, school fees, or maintenance charges to be paid every month.

10 Best Credit Cards For Rental Payments | TechnoFino - Best Credit Card & Personal Finance Advisor

Complete list of the 10 best-rewarding credit cards for Rental Payments which is the most significant expense for anyone who is renting a property.

www.technofino.in

So if you are into international travel then Axis Magnus looks best since then you will be able to complete the 1L monthly milestone by paying your monthly rent. Magnus works even if you want vouchers from your card or else Standard Chartered Ultimate is the ultimate winner. For domestic travel Axis Vistara Infinite or SBI Vistara Prime would be an ideal choice if you can complete those milestones. If you like direct statement credits then Standard Chartered Smart is the best option.

 

[Wealth is my birth right!]

Rental via cc is the hot topic in cc world and perfect time this article comes...superb!!!

 

[Pd21]

What about Citi Prestige?

 

[jack333]

Sbi cashback card is giving 1% on redgiraffe rent payment through payzapp with charges of 0.45% only

 

[bothrag]

With Axis, HDFC and now Standard Chartered introducing charges on rental payments and no rewards or cap on reward points, can we update the analysis in best cards for rent payments

 

[Wealth is my birth right!]

Can add the fix in new payzapp by which we can use magnus by red giraffe

 

[bothrag]

Can add the fix in new payzapp by which we can use magnus by red giraffe

Yes able to add Axis Magnus now in Payzapp, but what's the point really since rentals will no longer qualify for milestone or annual spend thresholds.

 

[Wealth is my birth right!]

Will new payzapp show it as an insurance payment like the old payzapp, or will it pick up rental mrcc. No point if it picks up rental MRCC since the payment won't qualify for rewards or milestone benefits and will also bear a processing charge from redgiraffe as well as Axis.

Don’t make it public haha hope its getting as insurance as confirmed by other ppl

 

[SSMV]

Will new payzapp show it as an insurance payment like the old payzapp, or will it pick up rental mrcc. No point if it picks up rental MRCC since the payment won't qualify for rewards or milestone benefits and will also bear a processing charge from redgiraffe as well as Axis.

I have used Regalia credit card for rental payment through payzapp and Hdfc are not providing any reward points

 

[Hisoka]

Can add the fix in new payzapp by which we can use magnus by red giraffe

Can you clearly tell how can we use Magnus for rent payment and still earn rewards and milestone benefit? I read other post but didn’t understand. We add money in Payzapp wallet and then open red giraffe and chose Payzapp as payment method? Or is there any other procedure?

 

[Wealth is my birth right!]

Can you clearly tell how can we use Magnus for rent payment and still earn rewards and milestone benefit? I read other post but didn’t understand. We add money in Payzapp wallet and then open red giraffe and chose Payzapp as payment method? Or is there any other procedure?

Add magnus card to payzapp wallet by 2 rupee verification don’t add money to wallet
Go to red giraffe and make ur rental payment there choose magnus card via payzapp it gives insurance mcc
Try at ur own risk sometimes they could have fix it

 

[Hisoka]

Add magnus card to payzapp wallet by 2 rupee verification don’t add money to wallet
Go to red giraffe and make ur rental payment there choose magnus card via payzapp it gives insurance mcc
Try at ur own risk sometimes they could have fix it

How are we sure till now that it’s being counted in milestone? Because rules are applied from March 5, so none of them would’ve received their rewards by now. Is there any way to check that this particular spend is being eligible for 1L milestone?

 

[Wealth is my birth right!]

How are we sure till now that it’s being counted in milestone? Because rules are applied from March 5, so none of them would’ve received their rewards by now. Is there any way to check that this particular spend is being eligible for 1L milestone?

No we have to trial and error only
Bcos worst part with magnus is that 120 daydreams then only reality

 

[r_raghu]

Sbi cashback card is giving 1% on redgiraffe rent payment through payzapp with charges of 0.45% only

Does it still work?

 

[jack333]

Yes it works. Better use ace 2%, Scb ultimate 3.3%, eterna 3.75% or even magnus

 

[AnungUnRama]

With Axis, HDFC and now Standard Chartered introducing charges on rental payments and no rewards or cap on reward points, can we update the analysis in best cards for rent payments

Has Standard Chartered started charging extra for rent payment through cc? I couldn't find any such info. In their website? For which Cc are they charging extra?

 

[Wealth is my birth right!]

Has Standard Chartered started charging extra for rent payment through cc? I couldn't find any such info. In their website? For which Cc are they charging extra?

For ultimate card it’s from April 1 onwards

 

[bothrag]

For ultimate card it’s from April 1 onwards

Its actually effctive 2nd April onwards.

Please refer to the below link

FAQs – Revision of Ultimate reward points proposition

www.sc.com

From April 2nd, 2023, transactions on Ultimate credit card for Utilities, Supermarkets, Insurance, Property management, Schools & Government payments will now earn 3 reward points on every INR150 spent. Also rental payments will bear a charge of 1% plus GST and fuel transactions will earn no reward points.

MERCHANT CATEGORY CODE (MCC)	MCC DESCRIPTION	SPENDS	REVISED REWARDS
4900	Utilities	150	3
5411	Supermarkets	150	3
5960,6300	Insurance	150	3
7349,6513	Property Management / Rent Pay	150	3
8299	Schools	150	3
9399	Government	150	3

 

[Wealth is my birth right!]

Its actually effctive 2nd April onwards.

Please refer to the below link

FAQs – Revision of Ultimate reward points proposition

www.sc.com

From April 2nd, 2023, transactions on Ultimate credit card for Utilities, Supermarkets, Insurance, Property management, Schools & Government payments will now earn 3 reward points on every INR150 spent. Also rental payments will bear a charge of 1% plus GST and fuel transactions will earn no reward points.

MERCHANT CATEGORY CODE (MCC)	MCC DESCRIPTION	SPENDS	REVISED REWARDS
4900	Utilities	150	3
5411	Supermarkets	150	3
5960,6300	Insurance	150	3
7349,6513	Property Management / Rent Pay	150	3
8299	Schools	150	3
9399	Government	150	3

Thanks will be useful for mcc list identifying

 

[SSMV]

Add magnus card to payzapp wallet by 2 rupee verification don’t add money to wallet
Go to red giraffe and make ur rental payment there choose magnus card via payzapp it gives insurance mcc
Try at ur own risk sometimes they could have fix it

They have already Fixed for Hdfc credit card From last month we are not receiving any reward points for paying Redgiraffe rent payment using HDFC cards through payzapp