If you plan to pay your rent with your credit card, consider the benefits:
When you use your card to pay your rent, you can increase your ability to earn more with a hefty expense each month. You will find that the huge rental fees are really helpful in terms of meeting the spending requirements to be eligible for the rewards. However, you should make sure that the charges of paying your rent with a credit card do not outweigh the benefits of doing so.
When you are not present or unable to contact the leasing office on or before the rental due date, you can pay with your credit card online or by phone anytime, anywhere. This makes it more convenient and flexible than other forms of payment.
Various third party apps make sure your payment reaches the property owner / manager on time, and they will take care of late fees or any costs incurred as a result of payment problems. After all, you entrust them with a place to live.
Even if you don’t have the money to pay your rent this month, the property manager / owner will still want your rent and should be willing to wait. Therefore, except if you have a family member / friend who will be willing to pay your bills temporarily, this is the best possible option, especially if you can pay during the grace period.
No bad checks
When you pay your rent by check and the landlord doesn’t deposit or cash it right away, you may end up using the funds in your bank account. The check can bounce and cause an overdraft fee. This can be avoided by paying with your credit card.
Ways to pay rent
Find out if the property owner / manager will accept credit card payments. If they don’t, try to convince them by paying several months in advance or explain that they could avoid accepting late payments. The result is a win-win solution.
In case you don’t have a credit card or have one, but don’t like adding a huge processing fee to your expensive bill, you can opt for other payment options that can get the job done too. Use any of the following methods:
Pay by money order
Write a check
Use a debit card
Make a bank transfer