Synopsis: Paying rent with a credit card is not about making things easier for you, some good credit cards now give you rewards, airline miles and travel benefits when you use them to pay your rent. This means you can get something back from the money you already spend on rent every month, here’s a look at four credit cards that’re really good for paying rent.
Rent is the biggest expense for people who live in cities, so many Indians are looking for ways to make paying rent more useful, now there are websites that make it easy to pay rent with credit cards. This means people can get points and other perks like flights and hotel stays, they also get more time to pay their credit card bills without extra charges.
HSBC Premier Credit Card
The HSBC Premier Credit Card is a great choice for paying rent, you can earn reward points on eligible spending. You do not have to pay interest for up to 52 days, this helps you manage your cashflow better each month.
- Joining Fee and Annual Fee: There is no fee for HSBC Premier customers.
- Interest Rate: The rate is 3.49% every month, which’s 41.88% per year.
- You earn 3 Reward Points for every ₹100 you spend on transactions with this card (value of reward points can range from ₹0.25-₹1 depending on where you choose to spend it)
- These Reward Points can be swapped for airline miles and hotel loyalty points through partner programs.
- You get up to 52 days of interest- credit, which helps with big rent payments.
- You also get access to over 1,600 airport lounges around the world with LoungeKey.
- Additionally you enjoy domestic lounge access and other travel perks, with Mastercard World Elite.
IDFC FIRST Ashva Credit Card
The IDFC FIRST Mayura Credit Card is for people who spend a lot, it is special because it gives accelerated rewards when you pay rent which will be helping you earn value from one of your largest recurring expenses.
- Joining Fee: ₹2,999 + GST & Annual Fee: ₹2,999 + GST
- Interest Rate: Up to 3.99% per month
- Earn 3X Reward Points on rent payments with redemption value of up to ₹0.40 per reward point
- Earn 10X Reward Points on spends above ₹20,000 in a statement cycle.
- Reward Points never expire.
- You can get up to 48 days of interest-free credit period, which can help you manage monthly cash flows.
- You also get complimentary lounge access to domestic and international airport
- Low 1% forex markup fee on international transactions.
- Complimentary railway lounge access and golf benefits.
To apply for the card, please visit the Official Website
IDFC FIRST Mayura Credit Card
The IDFC FIRST Mayura Credit Card is a premium card that gives rewards for rent payments. This makes it good, for people who pay a lot for rent every month.
- Joining Fee: ₹5,999 + GST & Annual Fee: ₹5,999 + GST
- Interest Rate: Up to 3.99% per month
- Earn 3X Reward Points on rent payments with redemption value of up to ₹0.50 per reward point for travel and ₹0.25 everywhere else.
- Earn 10X Reward Points on spends above ₹20,000 in a statement cycle.
- Reward Points never expire.
- You can get up to 48 days of interest-free credit period, which can help you manage monthly cash flows.
- You also get complimentary lounge access to domestic and international airport
- 0% forex markup, making it useful for international travellers.
To apply for the card, please visit the Official Website
IndusInd Bank Avios Visa Infinite Credit Card
The IndusInd Bank Avios Visa Infinite Credit Card is really good for people who pay a lot of money for rent every month. This credit card gives them a chance to turn the money they pay for rent into rewards they can use to fly on airplanes.
- Joining Fee is ₹40,000 plus Gst & Annual Fee is ₹10,000 plus GST( You do not have to pay it if you spend ₹10 lakh in the previous year)
- Interest Rate: 3.95% every month. That is 47.4% per year.
- You get 2 Avios for every ₹200 you spend on transactions.
- There is a bonus of 20,000 Avios when you pay the joining fee.
- You can use your Avios with airline partners like British Airways Club and Qatar Airways Privilege Club.
- You get up to 50 days of interest-free credit, this helps you manage rent payments more easily.
- Making annual rent payments can help you get a lot of Avios because the transactions are usually very large.
To apply for the card, please visit the Official Website
Key Takeaway
Rent is the biggest expense for a lot of people every month which is why the right credit card can really help you get something back from it. If you like getting miles to fly on airplanes ,special travel deals or just points to use later you should pick a card that’s good for the way you spend money. This way you can get the most out of every rent payment you make with your credit card.
Written by Shreya Tiwari
