Ensuring timely payment of monthly rent is an important task for those living in rented apartments. Digital payment methods, such as mobile wallets and credit cards, have become popular. Can you pay rent via credit card? The answer is yes. There are several advantages of paying rent through a credit card. However, if your landlord prefers the traditional mode of payment, such as cash or cheque, this article can help you convince them to accept rent payments through credit cards.
See also: What are the pros and cons of paying rent with credit cards?
Saves time and minimises hassles
Paying house rent through credit cards can be a highly convenient option for tenants and landlords. A landlord can easily have the money transferred to their account without the tenant visiting them to hand over the cheque or cash. The payment is made immediately.
Payments can be scheduled
Credit card rent payments can be scheduled for transfers every month on a specific date. The amount is directly transferred to the landlord’s bank account. Hence, a landlord does not require to send any reminders to the tenant.
Lesser chances of delayed rent payment
Late rent payments can affect a good landlord-tenant relationship. Through automatic payments, a tenant can ensure timely payment. It reduces the chances of delays.
Credit card rent payments are secure
Payments through credit cards are secure and ensure fraud protection. Online platforms, like Housing.com for credit card rent payments, ensure that all transactions are secure and encrypted and do not store any confidential information.
Benefits of paying rent through online platforms
Online portals, such as Housing.com Pay Rent, ensure quick rent transfer through credit card. To complete the payment, the tenant must provide the landlord’s details, such as bank account number, IFSC code, etc. After the transaction is complete, the landlord gets an SMS notification. Another advantage of the online Pay Rent facility is that the landlord does not need to register on the portal.
See also: What are the benefits of paying rent through credit cards?
FAQs
Can a tenant set standing instructions to pay the rent using credit cards?
One can set standing instructions for rent payments through credit cards.
Will a rent receipt be generated in case one uses a credit card to pay the rent?
Rent receipts are automatically generated after transactions are completed and sent to the user’s registered email address.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
Related Posts
What credit score do you need to pay rent through credit cards?.
Are there any downsides to paying rent on a credit card?.
What are the benefits of paying rent through credit cards?.
What are the best credit cards to use for paying rent?.
Types of loans in India.
All about Citibank credit card netbanking.
