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

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financetherapy

financetherapy

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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!!
 
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I'm also looking for a card for 'rent' payment, but a slightly different form. I am planning a property purchase and have to transact ~15 lakh through a POS machine to the developer. I know it will be categorized as rent because I did a small advance payment and it got categorized that way.

So far, my only strategy is Amex Plat - 4 lakh. Balance, I am still searching which card is best. Axis, every card has excluded rent except Magnus and I wont get Magnus (my income < 24). HDFC regalia gold, it will be counted in milestone but no rewards. IDFC vistara will give 1CV per 200 and will count in milestone (but Vistara award flights = hassle). I really want some card that will give me travel/hotel benefits for this large rent payment. The struggle is real!
 
nikhilk21 said:
I'm also looking for a card for 'rent' payment, but a slightly different form. I am planning a property purchase and have to transact ~15 lakh through a POS machine to the developer. I know it will be categorized as rent because I did a small advance payment and it got categorized that way.

So far, my only strategy is Amex Plat - 4 lakh. Balance, I am still searching which card is best. Axis, every card has excluded rent except Magnus and I wont get Magnus (my income < 24). HDFC regalia gold, it will be counted in milestone but no rewards. IDFC vistara will give 1CV per 200 and will count in milestone (but Vistara award flights = hassle). I really want some card that will give me travel/hotel benefits for this large rent payment. The struggle is real!
Click to expand...
Would applying for a Amex Gold Charge help?
 
350modena said:
Would applying for a Amex Gold Charge help?
Click to expand...
Yeah, it seems like one option and just earn the usual amex points. I could also take Amex Plat Reserve and get more welcome bonus points and my 2nd year fee will also be waived off as I will likely spend 10L
 
nikhilk21 said:
Yeah, it seems like one option and just earn the usual amex points. I could also take Amex Plat Reserve and get more welcome bonus points and my 2nd year fee will also be waived off as I will likely spend 10L
Click to expand...
Do DM me for any help with amex cards and referral benefits sharing
 
nikhilk21 said:
Yeah, it seems like one option and just earn the usual amex points. I could also take Amex Plat Reserve and get more welcome bonus points and my 2nd year fee will also be waived off as I will likely spend 10L
Click to expand...
you could definitely do that! great way to enjoy the benefits and take FYF via referral (DM in case you want to use mine!)
 
nikhilk21 said:
I'm also looking for a card for 'rent' payment, but a slightly different form. I am planning a property purchase and have to transact ~15 lakh through a POS machine to the developer. I know it will be categorized as rent because I did a small advance payment and it got categorized that way.

So far, my only strategy is Amex Plat - 4 lakh. Balance, I am still searching which card is best. Axis, every card has excluded rent except Magnus and I wont get Magnus (my income < 24). HDFC regalia gold, it will be counted in milestone but no rewards. IDFC vistara will give 1CV per 200 and will count in milestone (but Vistara award flights = hassle). I really want some card that will give me travel/hotel benefits for this large rent payment. The struggle is real!
Click to expand...
Hey, is it confirmed that rent payments through Regalia Gold is counted towards milestones?
 
Does anyone know whether I can still pay one rent per calendar month without any charges using HDFC regalia gold card? It is mentioned in the regalia doc, but in the HDFC t&c, it simply says 1% charges capped at 3k

Can anyone confirm?
 
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