If you plan to pay rent with your credit card, consider the benefits:

rewards

When you use your card to pay your rent, you can increase your ability to earn more with a hefty spend each month. You’ll find the huge rental rates to be really helpful in terms of meeting the spending requirement to be eligible for rewards. However, you should make sure that the charges involved in paying your rent with a credit card do not outweigh the benefits of doing so.

convenience

When you’re not around or can’t reach the leasing office on or before your rent 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.

security guarantees

Various third-party apps make sure your payment reaches the owner/property manager on time, and will take care of late fees or any costs incurred as a result of payment problems. After all, you trust them with a place to live.

Financial coverage

Even if you don’t have money to pay rent this month, the property manager/owner will still want your rent and should be willing to wait. So, unless you have a family member/friend who is willing to pay your bills temporarily, this is the best possible option, especially if you can pay during the grace period.

No bounced checks

When you pay rent by check and your landlord doesn’t deposit or cash it right away, you may end up using the funds in your bank account. The check could bounce and cause an overdraft fee. This can be avoided by paying with your credit card.

Ways to pay rent

Find out if your landlord/property 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 for both parties.

Alternatives

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 also do the job. Use any of the following methods:

• Cash payment
• Pay with Money Order
• write a check
• Use a debit card
• Make a bank transfer