Cozy Pay Review: Pay Rent With A Credit Card

Cozy Pay just launched their new product considered to be a “RadPad Replacement”. Essentially, you will be able to pay your rent using a credit or debit card at the inconvenience that you must first use your checking account while your landlord will be given the option to receive checks or payment electronically.

In which case, if your landlord agrees on electronic payments, you will be able to use your credit or debit card for all future payments going onward. Note that payments utilizing debit or credit card will incur 2.75% transaction fees, which in a sense, after Plastiq not coding 3X Travel with Chase Sapphire Reserve anymore, gives CozyPay the much needed coverage in terms of competition. However, the 2.50% fee from Plastiq vs. CozyPay’s 2.75% fee is still worth being skeptical over, especially since there’s no incentives involved.

Key Features:

• 2.75% transaction fees
• Earn some points paying rent in the interim
• Pay with your checking account for free, or with a credit or debit card for a small fee.
• Automatic Rent Payment Schedule
• Easily split rent, move-in costs, and security deposits.
• Every interaction with Cozy and all connections with payment partners use bank-level encryption and secure connections

Final Analysis:

Cozy Pay is now available to the public, however, whether or not they will rank comparative to the Bill Pay Service Meister Plastiq with no incentive and a 2.75% transaction fee is well beyond me. I do expect them to drop some competitive bonuses in the near future though, and I’m not saying that the service that they provide is an all-out inconvenience, it’s just that whether you pay your landlord with a credit card is solely up to them.  Don’t forget to check out our full list of Credit Card Bonuses if you’re not interested at the moment.