Paying Rent with SC Smart CC

[Random_CC]

Dear All,

New here and just wanted to confirm if my calculation is correct

Load Payzapp wallet ( 1.78% charge )
Redgirraffe ( .39%)

so total cost is 2.17% and cashback is 2%, means net negative return.

Is there any other way to pay rent using Smart CC where atleast it is breakeven so that annual fee waiver spent is met ?

TIA.

 

[helloworld]

Post in thread 'Does standard chartered smart credit card give 2% cashback on rental payments and consider it for spends limit?'

Feb 20, 2024

Bro , I have a question - if Rent payment 10k then freecharge 153 + 118 from Creditcard(1% +Gst)
we will get 2% cashback means 200.
i mean like overall = 271 charges - 200 cashbback
This is right??? Please correct me if i am wrong.

Hoping for a response

for rent payments card provides (2% cashback - 1.18% rent fee =) 0.82%.

Now, on top of this frechrg or pytm charge extra, deduct that amount from this 0.82%. remaining your benefit or loss.

Smart card FAQs

www.sc.com

• helloworld

• 

. . .

 

[Random_CC]

Post in thread 'Does standard chartered smart credit card give 2% cashback on rental payments and consider it for spends limit?'

Feb 20, 2024

Bro , I have a question - if Rent payment 10k then freecharge 153 + 118 from Creditcard(1% +Gst)
we will get 2% cashback means 200.
i mean like overall = 271 charges - 200 cashbback
This is right??? Please correct me if i am wrong.

Hoping for a response

for rent payments card provides (2% cashback - 1.18% rent fee =) 0.82%.

Now, on top of this frechrg or pytm charge extra, deduct that amount from this 0.82%. remaining your benefit or loss.

Smart card FAQs

www.sc.com

• helloworld

• 

. . .

Thanks, so net negative return only.

 

[helloworld]

Thanks, so net negative return only.

for rent direct alone, no card will give you +ve returns as of today in India. Gone are those days where you can pay through credit card. Even with RG you'll be negative for most of the cards.

If needed try to look for milestone cards (except AIX, other banks didn't put any limitation for rent)

Thread 'Maximize Your Rewards: Credit Cards with Quarterly and Annual Milestones'

Aug 28, 2022

When there is no credit card offer and I want to purchase something, I usually use card with high reward rate. But by doing this I often missed the opportunity to get more reward rate with Quarterly/Annual milestone benefits with other cards.

It's like I use card with 3.3% reward rate compared to 1.2% because I get instant high reward rate but if I waited and when crossed certain spends on that low 1.2%, it can give me 6.2%.

In this post, I try to gather or know about certain cards which provides better reward rate with Quarterly/Annual milestone benefits.

Note: Ignored monthly...

• helloworld
• Replies: 62
• Forum: Credit Card - General

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