Credit cards are one of the most useful ways of paying for goods and services, as they allow the consumer to make the payment after a set period, which is usually a month. Nowadays, the trend towards credit cards is increasing in the country. Many people are now opting for credit cards as they allow them to do everything, including recharges, bill payments, shopping and more. But now it has been found that credit cards can also be used to pay house rent.

Even if the landlord does not accept rent payments through credit cards, one can still make rent payments through third-party apps or websites. Using credit cards can also provide a lot of rewards while making payments.

There are many online platforms and UPI apps in the country, like Paytm, PhonePe, CRED, NobBoker, Payzapp and Red Giraffe which allow consumers to make rent payments through credit cards. One can easily transfer the rent by entering the landlord’s bank account number and IFSC code. If the rent is more than Rs 50,000, then the PAN card number of the landlord is also required. Let’s take a look at how we can pay rent through credit cards:

Steps to Make House Rent Payments Through Credit Card

Step 1: Go to any online service provider’s website or UPI app.

Step 2: Select the rent payment option.

Step 3: Select from the following options: house or shop rent, maintenance, property deposit, etc.

Step 4: Enter the rent amount and property name.

Step 5: Tap on Continue.

Step 6: Enter the name of the landlord.

Step 7: Select a credit card as the payment method.

Step 8: Select the landlord’s bank account or UPI.

Step 9: Pay the rent amount through the credit card linked to the bank.

Benefits of Paying Rent Through a Credit Card

One can save their cash by paying their rent through a credit card. Credit card dues are usually paid after 45–50 days. During this time, the same money can be used somewhere else.

Paying rent with a credit card can also be converted into EMIs.

There are many cashback and reward points available on transactions done through a credit card.

Source By: news18

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