Pay Rent Better: 9 Best Credit Cards for Rent Payment in India

Best Credit Card for Rent Payment: Are you also looking for the best credit card for rent payment due to frequent changes in rent payment charges? Because there are still many people in India who do not have their own house and they have to pay a large part of their salary as house rent.

Nowadays, the trend of paying rent through credit card has increased a lot, because it is a very fast method of payment through which you also get reward points. Earlier landlords used to take house rent only through cash, NEFT or IMPS, but nowadays everyone has started giving preference to digital payment.

Using a Credit Card to Pay Rent

Actually, now there are many such credit cards available in the market which are used especially for payment of rent. With these credit cards you can easily make fare payments and earn reward points.

So let us know in this article about some such credit cards with which you can easily pay the rent. Apart from this, we will also tell you how to make the payment, in which ways you can make the payment and what are its advantages and disadvantages.

Best Credit Cards for Rent Payment in India (2023)

However, you should pay rent with a credit card only if you can pay the balance on time, otherwise you could end up with a lot of debt. Since renting a house is an expensive deal, you should pay the rent wisely and wisely.

People who live in rented houses are under pressure to pay the rent on time. Almost every section of people had to face a lot of problems during Corona virus. For this reason, many online platforms have started the facility of fare payment with the help of credit card.

In return for rental payments, banks charge you certain fees, which are higher for some banks and lower for others. However, there are many credit cards available in the market that charge very low fees.

If you are short of cash then you can easily make rent payment through credit card.

List Of Best Credit Cards To Pay Rent (Rent Payment Credit Card)
Credit Card	Joining Fee	Annual Fee
Axis Bank Magnus Credit Card	₹10,000 + tax	₹10,000 + tax
Axis Bank Vistara Infinite Credit Card	10000	10000
Standard Chartered Ultimate Credit Card	5000	5000
Axis Bank Vistara Signature Credit Card	₹3,000 + tax	₹3,000 + tax
Yes Bank Private Credit Card	₹50,000 + tax	₹10,000 + tax
Axis Bank Reserve Credit Card	₹50,000 + tax	₹50,000 + tax
Standard Chartered Smart Credit Card	₹499 + tax	₹499 + tax
Au Bank Zenith Credit Card	₹7,999 + tax	₹7,999 + tax
Club Vistara SBI Card Prime	₹2,999 + tax	₹2,999 + tax

Rent Payment Through Credit Card India

1. Axis Bank Magnus Credit Card

Axis Bank Magnus Credit Card is a premium credit card that offers great benefits across multiple categories. This credit card is especially for those people whose annual income is very high and who want to avail luxury lifestyle benefits. The base reward rate of this credit card is 1.2% which makes it a great credit card for rent payment.

The joining fee of this credit card is ₹12,500 which provides benefits in all categories like travel, lifestyle and dining. Among the travel benefits, this credit card offers unlimited domestic and international lounge access. Apart from this, the foreign transaction fee of this credit card is also only 2%.

This credit card of Axis Bank also provides great benefits in categories like lifestyle and entertainment. By booking one movie ticket through BookMyShow, you can get a discount of ₹500 on the second one. Apart from this, you get 40% discount on more than 400 restaurants in India.

Rent Payment Credit Card Benefits:

The cardholder gets the facility to redeem vouchers at a reward rate of 1.2% on fare payment. Apart from this, the cardholder can transfer points at a reward rate of 4.8%. Capping is applicable on fares up to ₹ 50,000 in a month. Processing fees equal to 1%+GST are charged on fare payments.

2. Axis Bank Vistara Infinite Credit Card

Axis Bank Vistara Infinite Credit Card is a great travel credit card which Axis Bank has launched in collaboration with Air Vistara. This travel credit card offers great milestone benefits. On completing milestone benefits you get a business class ticket. You can also get free tickets with reward points by paying fare with this credit card.

Apart from this, cardholders get Gold Membership of Club Vistara, in which you get the benefit of additional air miles (in the form of CV points). This is a premium category credit card that offers benefits like travel and lifestyle as well as rent payment.

This credit card from Axis Bank offers you 6 CV points every time you spend ₹200 which you can redeem. Apart from this, on completing the milestone, you also get great benefits on rent payment.

Rent Payment Credit Card Benefits:

The cardholder earns 6 CV points per ₹200 spent on fare payments. There is no capping on rent payments. The fare payment processing fee is equal to 1%+GST.

3. Standard Chartered Ultimate Credit Card

tandard Chartered Bank Ultimate Credit Card is a premium category credit card that offers great cashback. This credit card has a rewards rate of 3.3%, so it’s a great credit card for paying rent.

This credit card offers you 5 reward points every time you spend ₹150. A special thing about this credit card is that its 1 reward point is equal to 1 (1 RP = Rs 1). Apart from this, there is no capping of reward points in this credit card.

The foreign transactions of this credit card of Standard Chartered are also only 2%. Apart from this, this credit card offers 5% cashback on purchases at airports.

Rent Payment Credit Card Benefits:

You get a reward rate of 2% on rent payment. No capping is applicable on rent payment. Processing fee on rent payment = 1%+GST.

4. Axis Bank Vistara Signature Credit Card

Axis Bank Vistara Signature Credit Card is also a co-branded credit card which is more beneficial for those who prefer economy class tickets instead of business class tickets.

This is also a premium credit card from Axis Bank which offers great travel benefits. Apart from this, this credit card also offers a good reward rate on rent payment on completing milestones.

This credit card comes with a joining fee of ₹3000 which offers a variety of benefits apart from welcome benefits. This is a travel credit card so it also offers benefits like domestic airport lounge visit.

Pay Rent Credit Card No Fee Benefits:

Cardholders earn 4 CV points per rent payment of ₹200. No capping is applicable on this credit card. Processing fee on rent payments: 1% + GST

5. Yes Bank Private Credit Card

Yes Bank Private Credit Card is a super premium category credit card which mainly targets high income category people. This credit card has been designed keeping in mind categories like travel, lifestyle, dining and entertainment.

This credit card offers great rewards points especially on travel and shopping. Every time you use this credit card, you get rewards points, which you can redeem. You also get handsome reward points for completing milestone benefits. You get great reward points even when you pay fares.

Apart from this, this credit card offers you 2% cashback on domestic spends and 3% cashback on international spends. You can get 16 reward points per ₹200 spent.

Using Credit Card to Pay Rent Benefits:

Cardholders get cashback at a reward rate of 2% on rent payment. No capping is applicable on rent payment. Rent payment processing fee: 0.5%+GST.

6. Axis Bank Reserve Credit Card

Axis Bank Reserve Credit Card is the most premium credit card from Axis Bank that offers great benefits across all categories. You can also use this credit card for rent payment.

This is a super premium category credit card that offers a reward rate of 1.5% on domestic spends and 2x reward points on international spends. Whatever reward points you get on making rent payment, you can redeem those EDGE reward points in airmiles.

Apart from Reward Points, this credit card also provides you the facility of domestic and international lounge visit.

Rent Payment Through Credit Card Benefits:

With this credit card, cardholders get a voucher redemption rate of 1.5% and points transfer reward rate of 6%. Capping is applicable on monthly rent payments of ₹1 lakh. Rent payment processing fee: 1%+GST

7. Standard Chartered Smart Credit Card

Currently almost all banks have stopped giving cashback on rent payment, but Standard Chartered Smart Credit Card still offers 2% cashback on rent payment.

It is primarily a cashback credit card that offers 2% cashback on almost all types of online spends and 1% cashback on the rest of the spends. This credit card comes with a joining and annual fee of only ₹ 499. You can get cashback of ₹ 1500 every month with this credit card.

This credit card is best for those who want to save money on spending more online.

Rent Payment Using Credit Card Benefits:

Cardholders get a reward rate of 2% on rent payments. There is no capping applicable on rent payments with this credit. Rent payment processing fee: 1% + GST

8. Au Bank Zenith Credit Card

AU Bank Zenith Credit Card is a premium credit card launched by AU Bank. This credit card comes with a joining and annual fee of ₹7,999 that offers great benefits across multiple categories.

This credit card of AU Bank does not charge any kind of processing fee on the first time fare payment. This credit card offers a good reward rate of 1.25% on almost all types of spends.

If you are fond of travelling, then this credit card also provides you the facility of domestic and international lounge visit.

Rent Payment Via Credit Card Benefits:

This credit card offers a very good reward rate of 1.25% on rent payment. There is no capping of any kind on rent payment on this credit card. No fee is charged on the first rent payment.

9. Club Vistara SBI Card Prime

Like Axis Bank’s Vistara Credit Card, Club Vistara SBI Card Prime is also a co-branded credit card that allows you to make fare payments.

This credit card offers you 4 CV points every time you spend ₹200. Apart from this, this credit card provides you 1 Premium Economy Class ticket as a welcome gift.

If you are more fond of travelling, then this credit card also gives you the facility of 8 domestic airport lounge visits. Along with this, this credit card also provides you travel insurance.

Using Credit Card to Pay Rent Benefits:

This credit card gives 4 CV points per rent payment of ₹200. There is no capping on rent payment in this credit card too.Rent payment processing fee: ₹199 + GST

Keep these things in mind before making rent payment

You may also know that credit cards charge very high interest rates. Therefore there are several factors that you should keep in mind before making rent payment:

Credit Score: Many times the rent amount becomes very high, and when you make rent payment through a credit card, it is sure to increase the limit ratio of the credit card. If your expense ratio increases too much, it has a negative impact on your credit score. Interest Rate: Credit cards charge very high interest rates. If you do not pay your credit card bill, you are charged high interest rates on the remaining amount and these increase over time. Therefore, after paying the rent, definitely pay your credit card bill. Processing Fee: When you pay the rent through any credit card, the credit card issuing bank or company charges you processing fee as a service. Usually these fees range between 1% to 5%. If your rent is high then the processing fee will also be high.

Best Apps to Pay Rent With Credit Card

There are many great apps or platforms in the market from where you can make rent payment, information about the most popular platforms is given below:

1. Cred (pay rent with credit card cred charges)

Cred is most commonly used to pay credit bills. If you pay your credit card bill on time, you also get reward points.

Using Cred app you can pay fare and get cashback. The user interface of this app is quite simple. Apart from this, you are charged a processing fee of 1-1.5% depending on your credit card.

2. Magicbricks

Magicbricks is the best platform to buy, sell or rent property in India. You can also use this platform to pay fare and in return you get reward points.

Magicbricks is a very safe and affordable platform as you are only charged a 1% processing fee on rental payments. The landlord gets the money just 1 day after paying the rent and you get the receipt on email.

3. Paytm

Paytm is the most popular app in India for bill payment, mobile recharge, ticket booking and UPI transactions. You can also pay bills with the help of Paytm.

While paying rent through Paytm, you also get the facility to send money to the landlord’s bank or UPI ID. The user-interface of Paytm is also quite easy, you can easily pay the fare.

4. Freecharge

Freecharge is a platform of Axis bank with the help of which you can pay many types of bills. Now with this payment app you can also pay the rent very easily.

You just need to enter a few details to make the fare payment, for which you are charged a processing fee of 1.1%. Depending on the type of credit card, you can sometimes get a reward rate of 3%.

5. NoBroker.com

NoBroker is also a great real estate platform from where you can buy, sell or rent property. Apart from this, with the help of this platform you can also pay the fare using credit card.

You can use credit cards from major platforms like Visa and Mastercard to make fare payments on this platform and earn reward points and cashback.

Rent Payment Through Credit Card Charges
Platform	Processing Fee	Supported Card Network
Cred	1 – 1.5%	Visa, Mastercard, RuPay
Magicbricks	0 – 1.5%	Mastercard, Visa, Razorpay, HDFC
Paytm	1 – 1.5%	Mastercard, Visa
Freecharge	0.009	Axis Bank, Mastercard, Visa
NoBroker.com	0.01	Mastercard, Visa, HDFC, Amex

How To Pay Rent From Credit Card Online?

It is quite easy to pay rent through credit card, but for this you will have to use a 3rd party rent application. The payment process of all the applications is almost the same in which you will have to enter some general information like credit card information, property details, rent amount and landlord account information etc.

To pay the fare through any 3rd party platform, you have to follow the steps given below:

First of all you have to download any rent payment app.

After this you will have to register by filling some general information.

Now you have to enter the landlord’s information like mobile number, account number, PAN number and IFSC code etc. in the app.

After filling all this information you will have to proceed to make payment.

After this you will have to enter your credit card details and complete the transaction.

After this the rent amount will reach your landlord’s account.

Pros & Cons Of Paying Rent With Credit Cards

There are many advantages and disadvantages of making rent payment through credit card, which are very important for you to know:

Pros:

By making rent payment through credit card, you get the benefit of reward points and cashback.

You can easily pay the fare from any 3rd party app.

If your salary comes late, you can pay the rent on time with the help of credit card.

Using credit cards properly increases your credit score.

Many credit cards these days offer milestone benefits, upon completion of which your annual fee is waived or you get reward points.

Cons

The amount of house rent is very high, this increases the expense ratio of your credit card.

Higher the rental amount, higher will be the credit card bill.

If you do not pay your credit card bill on time, you will be charged very high interest rates.

On paying rent through credit card, you are charged a processing fee of 1% to 5%.

Conclusion

If you are thinking of paying your house rent with the help of credit card, then first know about its pros & cons. Although it seems quite easy to make rent payment through credit card, many people go into debt because of it.

All banks and platforms charge you processing fees for paying rent through credit cards, and high interest rates are charged for not paying on time. There are many platforms using which you can easily pay house rent.

One last advice for you is that if your financial condition is not good then you should not use credit card to pay the rent.