Best credit card for rent payment??? Still no where found an updated & clear answer.

[financetherapy]

Hi Folks,

This is to address the long standing question of Rent payment via credit cards.

My issues (can be similar with a lot of other folks)

1. Rent of 60k per month
Currently paying through Redgiraffe with Payzapp and HDFC DCB card. - NO REWARD POINTS, but CONSIDERED IN Monthly MILESTONE of 80k spends (benefit of ~1000 rs or 1.2% in terms of vouchers)

2. Exploring SBI Vistara prime and IDFC Vistara credit cards - NO REWARD POINTS, but CONSIDERED for spend milestone (premium economy ticket vouchers ~ 10k each)
Issue - getting denied for SBI card not sure for what reason, and for IDFC, after applying for Vistara card, being offered the IDFC wow card.

3. With recent Vistara merger into AirIndia, should I apply for SBI Air India card? Does this also work for milestone spends on rent?

4. If we leave aside the ticket vouchers against milestone spends, which other card provides good net return rate for rent payment.

Looking for recommendations and discussion with the current scenario.

Thanks in advance!!

 

[Wealth is my birth right!]

Hi Folks,

This is to address the long standing question of Rent payment via credit cards.

My issues (can be similar with a lot of other folks)

1. Rent of 60k per month
Currently paying through Redgiraffe with Payzapp and HDFC DCB card. - NO REWARD POINTS, but CONSIDERED IN Monthly MILESTONE of 80k spends (benefit of ~1000 rs or 1.2% in terms of vouchers)

2. Exploring SBI Vistara prime and IDFC Vistara credit cards - NO REWARD POINTS, but CONSIDERED for spend milestone (premium economy ticket vouchers ~ 10k each)
Issue - getting denied for SBI card not sure for what reason, and for IDFC, after applying for Vistara card, being offered the IDFC wow card.

3. With recent Vistara merger into AirIndia, should I apply for SBI Air India card? Does this also work for milestone spends on rent?

4. If we leave aside the ticket vouchers against milestone spends, which other card provides good net return rate for rent payment.

Looking for recommendations and discussion with the current scenario.

Thanks in advance!!

I suggest AmEx cards use via housing.com for rentals

 

[financetherapy]

I suggest AmEx cards use via housing.com for rentals

Do they count towards millstones and/or rewards? Haven’t read/seen anyone using or suggesting amex for the rents.

 

[ontherocks]

Someone suggested Standard Chartered Smart Credit Card to load Payzapp, giving 2% cash back

 

[sourpai]

Someone suggested Standard Chartered Smart Credit Card to load Payzapp, giving 2% cash back

It will work till end of this month. Next month onwards Payzap is charging 1.77% fees for load via CC

 

[m4b]

Issue - getting denied for SBI card not sure for what reason

How did it happen?

 

[Wealth is my birth right!]

Do they count towards millstones and/or rewards? Haven’t read/seen anyone using or suggesting amex for the rents.

Hidden Gem lol

 

[Infamous]

Yes all spends count towards milestones

Do they count towards millstones and/or rewards? Haven’t read/seen anyone using or suggesting amex for the rents.

 

[financetherapy]

How did it happen?

Long story, was a CC noob back then,
Had SBI prime card then stumbled onto Technofino to understand how SBI Vistara prime can help with same rent payments along with flight vouchers on milestone. Called up SBI customer care (too much time it took) to ask them if my Prime card can be converted to Vistara prime, they said no (got multiple similar answers). Applied for Vistara Prime online and SBI for reasons unknown denied my application. Called up customer care again for the denied application. They said we can't do anything sir, but maybe because you have a prime card that is why you can't have another sbi card. So in a dumb move closed my SBI prime card in less than a year and reapplied for Vistara prime, still denied. Started multiple email threads with SBI and called up customer care for the same but no luck as of yet.

Any tips on how I can resolve this would be highly appreciated.

 

[m4b]

Any tips on how I can resolve this would be highly appreciated.

Understood! We were once a CC noob before entering in this game. If you have applied for a Vistara Prime card recently then you can talk to SBI Card x Vistara customer care number on 3340573724. They seemed to be very helpful when I applied for a Vistara Prime card 3 weeks ago via sprint. I am not sure about the cooling period if your application was rejected recently. Still, you can ask them with the previous application number.

 

[financetherapy]

Understood! We were once a CC noob before entering in this game. If you have applied for a Vistara Prime card recently then you can talk to SBI Card x Vistara customer care number on 3340573724. They seemed to be very helpful when I applied for a Vistara Prime card 3 weeks ago via sprint. I am not sure about the cooling period if your application was rejected recently. Still, you can ask them with the previous application number.

Thank you, will try this out tomorrow.

 

[Qqqqqqw111112]

Hi Folks,

This is to address the long standing question of Rent payment via credit cards.

My issues (can be similar with a lot of other folks)

1. Rent of 60k per month
Currently paying through Redgiraffe with Payzapp and HDFC DCB card. - NO REWARD POINTS, but CONSIDERED IN Monthly MILESTONE of 80k spends (benefit of ~1000 rs or 1.2% in terms of vouchers)

2. Exploring SBI Vistara prime and IDFC Vistara credit cards - NO REWARD POINTS, but CONSIDERED for spend milestone (premium economy ticket vouchers ~ 10k each)
Issue - getting denied for SBI card not sure for what reason, and for IDFC, after applying for Vistara card, being offered the IDFC wow card.

3. With recent Vistara merger into AirIndia, should I apply for SBI Air India card? Does this also work for milestone spends on rent?

4. If we leave aside the ticket vouchers against milestone spends, which other card provides good net return rate for rent payment.

Looking for recommendations and discussion with the current scenario.

Thanks in advance!!

Don't go for SBI AIR INDIA card, they will make you cry.

 

[financetherapy]

Don't go for SBI AIR INDIA card, they will make you cry.

Ohh, how so?

 

[350modena]

I suggest AmEx cards use via housing.com for rentals

I second this. The amex plat travel has a sweet spot of 4L a year. So limit your rent payments to 60 x 7 - 4.2L on Plat Travel. That will get you 40k MR points and a 10k Taj Voucher. MR points can be redeemed for hotel / airline stays and you can get it FYF with a referral.

 

[taskmaster]

Do rent payments come in ITR of the person i send it to?

 

[Dreamer]

Magnus give basement reward points for upto 50k per month.
Thats 3k points. If you have burgundy, that's good reward rate

 

[350modena]

Do rent payments come in ITR of the person i send it to?

Yes if the PAN is submitted (which many sites now require). It will appear in the AIS.

 

[Wealth is my birth right!]

Do rent payments come in ITR of the person i send it to?

Yes use tuition fee and get someone from ur home circle who earn less than 7.5l then no issues under new regime

 

[taskmaster]

Yes use tuition fee and get someone from ur home circle who earn less than 7.5l then no issues under new regime

Any suggestions for the platform to use?

 

[Wealth is my birth right!]

Any suggestions for the platform to use?

Housing app i am using
Cards getting rewards idfc Club Vistara, AmEx Platinum Travel and ICICI apay