Rent Payments Using Credit Cards - January 2025

[Swapnil_SC]

Consider 1MR = 0.5-0.6INR and 10K Taj voucher as 6500 INR. Don't consider any bonuses and redo the calculation. That is more likely to be the realistic return

Bonuses are not considered. Rest is straightforward.
1MR = 0.5 and 10K Taj voucher as 6500 => 30700
30700 -18,290 = 12410
Still ~3% for rent

Isn't it marriot/hilton give more return ?

 

[S U D O]

Putting some numbers if somebody wants to pay rent through Amex plat travel (Only rent payments on this card)

Say monthly rent 35,000
Annual spend on rent 4,20,000

Spend 4,20,000 on Amex plat travel (Pay rent through mobikwik wallet with 2.95% additional charge)

Total money spend
Rent = 420000 + (42000*2.95/100) = 4,32,390 (12,390 additional payment)
Annual card fee = 5900
Total additional payment = 12,390 + 5900 = 18,290

Rewards earned
Completing 4 lacs milestone = 40000 MR (Membership rewards)
Regular reward points = 8400 MR
Total = 48,400 MR + 10k Taj voucher

With 18,290 additional payment, one will get 48400 MR rewards, i.e. ~30,000 MR & 10k Taj Voucher

Considering 1MR=Rs1 & 10k Taj voucher, it is approximately 9.5% return

Bonus (Not included in above calculation)
1. Annual fee for first year is 4130
2. Welcome bonus (applicable for only for first year) 10000 MR
3. Bonus offers while transferring MR to Marriot etc

Caveats
1. Not good to individuals who don't like travel rewards (12,390 additional payment would be loss)
2. Good returns only upto 35k rent per month (OR Upto 4 lacs annually)
3. This card will be exclusive for rent payments (Additional card can be availed through family members)

Consider 1MR = 0.5-0.6INR and 10K Taj voucher as 6500 INR. Don't consider any bonuses and redo the calculation. That is more likely to be the realistic return

Rent paid Rs 4,20,000
-------------------------------------------
Additional payment @2.95% = 12390
Card Fee = 5900
-------------------------------------------
Rewards earned
Completing 4 lacs milestone = 40000 MR (Membership rewards)
Regular reward points = 8400 MR
Total = 48,400 MR + 10k Taj voucher

At 1MR = 0.5 INR amd 10k Taj voucher as 6.5k approx
Total reward in INR would be 24200 + 6500 = 30700 INR

Subtracting the extra you paid -
30700 - 18290 = Rs 12410

So this comes out to be ~ 3% net return on Rs 4,20,000 annual rent

Is this correct?