5 Best Credit Cards to Pay Rent
Paying rent by credit card has been one of the quickest ways to reach spend waivers and earn rewards. Unfortunately, due to misuse, rewards on rent payment transactions have been capped by many banks. However, there are still many cards that offer good rewards on rent payment transactions. Here is a list of the best credit cards to pay rent and earn rewards. The focus of this list will be on the cards that offer the best rewards and benefits for rent payment transactions.
Standard Chartered Ultimate Credit Card
The Ultimate credit card, which was once renowned for its 3.3% rewards on rent payments, has undergone a devaluation. Presently, the Standard Chartered Ultimate card provides a reduced 2% reward rate for rent payments. Notably, with this card, the redemption value stands at 1 Reward Point (RP) = Rs 1 for Gift Voucher redemption, and there are no limitations imposed on the accumulation of reward points.
- Joining and Annual Fee: Rs 5000+GST
- Renewal Benefit: 5000 RP
- Rewards on rent payment: 2%
- Cap on rent payment rewards: None
- Processing fee on rent payments: 1%+GST
Club Vistara SBI Card Prime
Similar to the Axis Bank Vistara cards, the Club Vistara SBI Card Prime extends the same advantage. By paying rent using this card and achieving the milestone, cardholders become eligible for a complimentary ticket.
- Joining and Annual Fee: Rs 2999+GST
- Renewal Benefit: 1 complimentary premium economy ticket
- Rewards on rent payment: 4 CV points/Rs 200
- Cap on rent payment rewards: None
- Processing fee on rent payments: Rs 199 plus GST
Standard Chartered Smart Credit Card
While most cashback credit cards have ceased offering cashback for rent payments, the SC Smart credit card continues to provide a 2% cashback benefit for such transactions. Although there may still be a rent processing charge, the net return remains positive after factoring in the cashback.
- Joining and Annual Fee: Rs 499+GST
- Renewal Benefit: None
- Rewards on rent payment: 2%
- Cap on rent payment rewards: None
- Processing fee on rent payments: 1%+GST
AU Bank Zenith Credit Card
AU Bank Zenith makes an unexpected appearance on the list of the best credit cards for rent payments. What sets it apart is that AU Bank does not impose processing charges for the first rent payment each month. This means that with AU Zenith, you can earn rewards for your rent payments without incurring any additional charges.
- Joining and Annual Fee: Rs 7999+GST or LTF
- Renewal Benefit: None
- Rewards on rent payment: 1%
- Cap on rent payment rewards: None
- Processing fee on rent payments: No charges for the first rent payment in a calendar month
Club Vistara IDFC First Credit Card
The new Club Vistara IDFC First credit card is also a good option to pay rents. Rent payments are not excluded from milestone benefits.
- Joining and Annual Fee: Rs 4999+GST
- Renewal Benefit: 1 Complimentary Premium Economy Ticket and 1 Class Upgrade Voucher
- Rewards on rent payment: 1 CV point / Rs 200 plus milestone ticket vouchers
- Cap on rent payment rewards: None
- Processing fee on rent payments: 1%+GST
