Pay rent using your credit card: Here’s how
New Delhi (India), October 18: Credit cards provide convenience for various purchases, such as picking groceries from a store, online shopping, or booking a flight. But did you know that you can also pay rent with a credit card? Paying rent with a credit card in India is becoming increasingly popular, as it provides a convenient and secure way to make monthly payments. Here are some tips on how to pay rent with your credit card in India.
Even if your landlord doesn’t agree or accept the rent payment through a credit card, you can still pay rent using a third-party app or website, allowing you to pay rent via a credit card without additional fees. Using the right card, you can even earn attractive rewards on your rent payment. How to pay rent using a credit card
There are various online platforms and UPI apps that let you pay rent with a credit card.
You can transfer the monthly rent by entering the landlord’s bank account number and IFSC code. Here are the steps to pay rent with a credit card on an online platform or UPI app: Note - You may have to provide the landlord’s PAN number if the rent exceeds ₹50,000. When you pay rent through a credit card, the online service provider charges a nominal convenience fee to facilitate the payment.
Your card provider may offset these transactions against the rewards points and any on-going deals. After paying the rent, you will receive an auto-generated rent receipt to your email address. To claim the house rent allowance (HRA), you need to provide the landlord’s address and PAN when filing your taxes
The benefits of paying rent with a credit card
You can get the following benefits when you pay rent via a credit card - Keep in mind the following things before you pay rent using a
