Paying rent using credit card can be helpful, but you should know these things before doing it:
1- Are you getting rewards or cashback ? - Some cards give points on paying rent, some not. For example, Scapia still offer rewards but cards like icici amazon pay have stopped rent rewards.
2- Always pay your bill in full - If you are planning to convert it into EMI then it is not a good option.. the interest will be higher and there will be no rewards..so you will end up paying much more than your actual rent.
3- Make sure to check the platform fee - Some platforms charge like 2-3% so if your rent is 10000, you will pay 200-300 extra.. which will be more than any reward you earn.
My suggestion: Use your card only
- If you are getting decent cashback or reward points or you are hitting some milestone like 1lakh spend for free flight/lounge.
- The charged fee is less than the benefits.
- You’re confident you’ll repay on time and always pay the full bill before due date..
- Use only if you’re in a temporary cash crunch and need extra days to manage.
Also, you can check the cards which offer rent payment here : Best credit card for rent payment in india