Most of the banks in the country offer credit cards to their customers with good credit scores. Let us tell you that now the process of taking credit card has also been made very easy.Â
Due to which a large number of customers are using credit cards. In the same Corona period, digital transactions also created a new record. During this time, a large number of digital payment apps also started the facility of paying rent through credit cards.
Benefits of paying rent by credit card
Customers get a variety of rewards for paying rent through credit cards. If you are paying rent by credit card, then you get about 45 days. For which you do not even have to pay interest. Along with this, you also get interest on deposits in the bank.
Also, your annual maintenance fee is refunded after you spend up to a certain limit on multiple credit cards. Many times you also get cashback for paying rent by credit card.
Disadvantages of paying rent by credit card
A charge of up to 2 percent may also have to be paid for paying the rent of the house / flat with the credit card. If you explain in simple words, if you have paid the rent of ₹ 10000 by credit card, then you may have to pay a charge of up to ₹ 200. On the other hand, if you pay in cash or transfer online, then you do not have to pay any charge.
The Cred app charges up to 1.5% additional charges for paying fares through credit cards. If you pay rent through the same housing, you may have to pay a charge of 1.3%. Now Paytm has also started the facility of paying rent by credit card, but the digital payment app currently charges 1%.
