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!!

 

[nikhilk21]

I was able to pay using Amex Plat Travel under Repairs category on housing today. It went through perfectly.

 

[DaDarkkNight]

I was able to pay using Amex Plat Travel under Repairs category on housing today. It went through perfectly.

Not going through for me, card no is showing as invalid. On other categories, payment is getting failed

 

[EnthuCC]

What's the convenience fee on rent payment through Housing.com app?

 

[Deleted member 35969]

What's the convenience fee on rent payment through Housing.com app?

Somewhere around 2-2.5% I can't remember exactly, I used it 3-4 months ago

 

[Deleted member 35969]

What's the convenience fee on rent payment through Housing.com app?

It's not worth using that app becoz ur money got stuck for 1 day , it better to use mobikwik or phonepe

 

[vishalprasad]

what are the charges on mobikwik or phonepe and do they both support amex?

 

[Deleted member 35969]

what are the charges on mobikwik or phonepe and do they both support amex?

Never done rent or education payment so I can't say you need to check in the app

 

[PaneerButterMasala]

A lot has changed in November. With the new norms, AMEX seems to be the only choice for the rental payments.

 

[Deleted member 35969]

A lot has changed in November. With the new norms, AMEX seems to be the only choice for the rental payments.

Bhai naam 😋😋

 

[vishalprasad]

AMEX yes, but via which platform? housing.com, phonepe or mobikwik?

 

[okotoki]

AMEX yes, but via which platform? housing.com, phonepe or mobikwik?

PhonePe doesn't support rent payments using Amex.
You can load MobiKwik Pocket UPI using Amex. INR 1000 is free per month, post that you'll incur 2.5% + GST as charges. Once the amount is loaded, you can use it for paying rent.

 

[Deleted member 35969]

PhonePe doesn't support rent payments using Amex.
You can load MobiKwik Pocket UPI using Amex. INR 1000 is free per month, post that you'll incur 2.5% + GST as charges. Once the amount is loaded, you can use it for paying rent.

Or tranfer to ur own bank which is done in 99% on the Name of Rent Payment 😂

 

[EnthuCC]

PhonePe doesn't support rent payments using Amex.
You can load MobiKwik Pocket UPI using Amex. INR 1000 is free per month, post that you'll incur 2.5% + GST as charges. Once the amount is loaded, you can use it for paying rent.

What's the convenience fee of PhonePe?
It's genuine rent payment.

 

[okotoki]

What's the convenience fee of PhonePe?
It's genuine rent payment.

For credit cards other than Amex, 2.12% + GST is charged.

For Rent payment of 10k, 250 is added as convenience fee in PhonePe.

 

[paxauquabriba-4876]

dont use direct rent pay services of any app as :- (EVEN THEY ENTICE WITH CASHBACK =LOW % but still have to pay bank & govt)
rent transaction fee = 1% charged by all banks
gst = 18%
app's fee = 2% (post payment app's dont auto credit cashback , so u actually end with more or less 2%)

U actually end up paying ~ 3.3% when u use direct rent payment/ bill payment via apps.

FINALLY APP'S DONT KEEP THEIR PROMISE OF CASHBACK & ITS HASSLE /NOT WORTH IT.

Instead CC to wallet to upi could be cheaper

 

[insomniac911]

dont use direct rent pay services of any app as :- (EVEN THEY ENTICE WITH CASHBACK =LOW % but still have to pay bank & govt)
rent transaction fee = 1% charged by all banks
gst = 18%
app's fee = 2% (post payment app's dont auto credit cashback , so u actually end with more or less 2%)

U actually end up paying ~ 3.3% when u use direct rent payment/ bill payment via apps.

FINALLY APP'S DONT KEEP THEIR PROMISE OF CASHBACK & ITS HASSLE /NOT WORTH IT.

Instead CC to wallet to upi could be cheaper

This!👆. I have to agree to this from experience.

 

[EnthuCC]

Instead CC to wallet to upi could be cheaper

Suggest me platforms for this please.

 

[paxauquabriba-4876]

Suggest me platforms for this please.

list is long but sharing wht i remember

mk wallet to bnk is free as of now ( find similar apps where wlt to bnk is free)

mk wlt load is free 1k per month
mk wlt 15k load using code gives 50rs cb

snpay etc

fastag stuff etc

if u have sbi card then chk abhisek012

scan the threads for more