Which card is good now for rent payments

[gurpreet.9211]

I've got 50k rent to be paid monthly, earlier I was using magnus+PayZapp to get milestone benefits but now as PayZapp is fixed hence I would not get those benefits plus axis will collect GST for rent payment.

What is the alternative, any trick for magnus or any other suggested card to get at least some benefits out of the payment.

I have axis flipkart, ICICI apay, amex mrcc, Axis magnus, HDFC Tata neo infinity and a few others.

 

[gurpreet.9211]

@Tejo thanks for the HEHE reaction, do you have anything to contribute on this post.

 

[Tejo]

@Tejo thanks for the HEHE reaction, do you have anything to contribute on this post.

Not just payzapp, there will be another way to do payment for rg rent pay id

 

[hemant89]

Not just payzapp, there will be another way to do payment for rg rent pay id

This I didn't know. Don't we select payzapp while registering? Can we use the same RG ID in some other app or are talking about changing the payment mode in the Redgiraffe registration itself?

 

[Tejo]

This I didn't know. Don't we select payzapp while registering? Can we use the same RG ID in some other app or are talking about changing the payment mode in the Redgiraffe registration itself?

No problem you can select credit card or payzapp.

Via that rg id you can pay in others apps like the payzapp .

 

[gurpreet.9211]

Not just payzapp, there will be another way to do payment for rg rent pay id

Thanks for contributing, Do you know the way around to get the rent payment count as non rent payment on Axis? If yes, would you mind sharing here or in DM

 

[iamvinay]

Any alternative can someone suggest on this ? I also want pay rent via Magnus this month and would like to get it considered for RP and milestone. Pls suggest ways. Thanks

 

[jabwebanged]

Is there any benefit of paying via credit card? Since there seems to be a surcharge and no reward points? Why not just do RTGS from net banking ? I tried paying with Cred and HDFC infia and i got charged a fee of around 1000rs...

 

[sxchzy]

Is there any benefit of paying via credit card? Since there seems to be a surcharge and no reward points? Why not just do RTGS from net banking ? I tried paying with Cred and HDFC infia and i got charged a fee of around 1000rs...

well if you dont get reward points
you always get extended credit period and moreover if renatl paymentrs are counted for milestone
then iut will helpp you reach it

 

[jabwebanged]

well if you dont get reward points
you always get extended credit period and moreover if renatl paymentrs are counted for milestone
then iut will helpp you reach it

Not worth the fees which come with it, in my opinion. Unless there is a platform or credit card which does not charge extra? Better to do NEFT/RTGS directly.

 

[sxchzy]

Not worth the fees which come with it, in my opinion. Unless there is a platform or credit card which does not charge extra? Better to do NEFT/RTGS directly.

well
it is a big amount to be paid
and if it helps you reach the annual milestone why not
also there isnt any platform as rent is credited to a bank account of a person not a merchant acc

 

[MangoRush]

Last week, I paid 19,538 Rs through RG using Citibank BillPay and got 156 reward points which is its 1X reward rate.
Any idea about the MCC of RG, so that we can confirm if we are going to get 9X as well on statement date.
Can we call Axis and enquire about the MCC just like SBI ?

Below are the exceptions:
Purchase transactions performed on these Merchant Category Codes (MCC) as allotted by Mastercard® & Visa shall not earn rewards: Transportation & Tolls (4111, 4121, 4131 & 4784), Utilities (4900), Insurance (5960 & 6300), Educational Institutions (8211, 8241, 8244, 8249 & 8299) and Government Institutions (9211, 9222, 9311, 9399, 9402, 9405 & 8220), refer section 1.6 for additional details on MCC.

Effective 1 st August 2023, purchase transactions performed on these additional Merchant Category Codes (MCC) as allotted by Mastercard® & Visa shall not earn rewards: Rent (6513), Wallet (6540), Insurance (6381, 6012, 6051), Utilities (4814, 4816, 4899), Fuel (5172,5541,5542,5983).

 

[moudapns]

Please suggest some good credit card for rent payments ??

 

[mumblebee]

DCB on redgiraffe + hdfc bill pay portal still gives 3.33%
Should be true for infinia as well

 

[Abhishek20]

Do other hdfc card like regalia/millenia/DCP give any reward points?
Even if they don't, does it make sense (and do they even count towards it) to use them just to achieve spend milestones like 1.5L/quarter or 5L/yr for regalia?

 

[R@ndomiz€r]

Do other hdfc card like regalia/millenia/DCP give any reward points?
Even if they don't, does it make sense (and do they even count towards it) to use them just to achieve spend milestones like 1.5L/quarter or 5L/yr for regalia?

It does count to milestone for Regalia but the overall charges and surcharge coupled with crappy reward rate of Regalia make it totally worthless to go through the hassle. On a hypothetical rent of 10k you will lose around ₹300 on transaction fees and rent surcharge by HDFC. That's ₹6000 a year in fees. With Regalia that's not worth it even with the milestone points that will be credited. And for just a credit of 45 days, this is not worth it.

If you have a highly rewarding card then maybe it makes some sense but definitely not for a card like Regalia.

 

[ray8285]

Kotak & Indusind are two banks that still do levy any surcharge on rent payments & also count give reward points / milestone benefits on those spends !

 

[Yash96]

DCB on redgiraffe + hdfc bill pay portal still gives 3.33%
Should be true for infinia as well

Can you please elaborate on this? I have a DCB but had stopped paying rent when I read that rent payments are not counting for rewards and milestones.

 

[Abhishek20]

It does count to milestone for Regalia but the overall charges and surcharge coupled with crappy reward rate of Regalia make it totally worthless to go through the hassle. On a hypothetical rent of 10k you will lose around ₹300 on transaction fees and rent surcharge by HDFC. That's ₹6000 a year in fees. With Regalia that's not worth it even with the milestone points that will be credited. And for just a credit of 45 days, this is not worth it.

If you have a highly rewarding card then maybe it makes some sense but definitely not for a card like Regalia.

How is it ₹300 for 10K? Considering ~0.46% RG charges and 1st HDFC cc rent payment per month free of surcharge, it would only come out to ₹46 for 10K.

• ₹690 for 150K -> ₹1500 voucher (possible each quarter). Profit = ₹810
• ₹2300 for 500K -> ₹5000 flight voucher + ₹1500 x 3 vouchers (considering spends spread over 3 different quarters) = ₹9500. Profit = ₹7200
• ₹3450 for 750K -> ₹5000 x 2 flight voucher + ₹1500 x 4 vouchers (considering spends spread over 4 different quarters) = ₹16000. Profit = ₹12550

Seems worth it to me...obviously if you have that high of a rent and if those vouchers are useful to you.

 

[Abhishek20]

Kotak & IndusInd. No surcharge + those spends are given reward points and milestone benefits

This is wrong!

Both kotak and indusind now have a rent surcharge fees on rent payment of 1% + GST (starting from feb 23 and apr 23 respectively).