With apartment complexes and landlords accepting credit cards as payment getting rarer and rarer by the day, getting the highest reward value is definitely the better option considering there is no fee-free way to pay your rent or mortgage with a credit card. Essentially, this post is a compilation of methods that we believe to be the most useful in utilizing your credit cards for better rewards rates and that means bigger points and miles for you!
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up To $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
Recommended Credit Cards:
- The Blue BusinessSM Plus Credit Card from American Express
- Chase Freedom UnlimitedSM
- Fidelity Rewards Visa Signature
Inevitable Fees for Rent/Mortgage Services:
I’m sure we’ve all had our fair share of apartment hunting experiences worth telling. Like I mentioned, being able to pay your rent or mortgage with a credit card this day and age is a rare commodity to come across. Whether or not your landlord accepts your credit card as payment should definitely be on your inquiry list.
If you’re in the case that your tenant doesn’t let you utilize your credit card for payments, then look no further. Below is our table of third-party service providers that allows you to pay your rent, mortgage, or any other bills with your credit card (or debit card) at the expense of fees ranging from 2.5%-3% payment (or flat-fees in regards to most debit cards).
Paying Rent With a Credit Card |
||
| Companies | Fees | Cards Accepted |
| Plastiq |
|
|
| Radpad |
|
|
| Rentshare |
|
|
| RentMoola |
|
|
| Venmo |
|
|
* = This indicates that there has been viable promotions in the past the lowers the standard rate for credit cards processed through rent or mortgage
Editor’s Note: Some of the providers requires both you and your tenant to have an account with them in order for you to fully utilize their cash transfer services to pay your bills (Venmo,etc,.).
Also note that VISA will no longer be processed as mortgage payments via Plastiq.
Paying Rent With Options:
When is it necessary to utilize such services?
Most of the time, an extra fee may not be worth it, however, you can easily justify adding an additional fee to your rent when meeting lengthy minimum spending requirements on sign-up bonuses especially if your rent or mortgage is on the hefty side.
A heed of warning prior to paying your rent with a credit card, I cannot stress enough just how expensive upwards of 3% in fees sounds. I can only recommend that you do this if and only if you’re smart with your earnings. Make sure your provider doesn’t code your payments as cash advance charges, which rakes up quite the interest rate. Also, be smart with the time you set up your payments for. You don’t want a late payment at any expense.
Final Analysis:
If you’re ever in a predicament where your landlord doesn’t allow your credit card as a viable payment towards rent, or are you trying to pay off a mortgage with such a restriction? There are multiple third-party payment services out there that allow you to do so with upwards of 2.5%-3% fees attached. Closing this article, my recommendations sways towards Plastiq, with their casual promotions, etc,. Be sure to keep an eye on your rewards earning vs. your interest and my recommendations sways towards getting a rewards debit. Don’t forget to check out our full list of Credit Card Bonuses if you’re not interested at the moment.
