Ask your landlord whether he or she already reports your rent payments to credit bureaus.â, âWhen a landlord reports rent payments to a credit bureau, it is presented as a separate tradeline or account on your credit report, much like an auto loan or a credit card,â John Danaher, president of consumer interactive at TransUnion, said via email.Â (TransUnion is a NerdWallet business partner.) Free up cash flow, tap early pay discounts and earn more rewards. Unfortunately, many property managers and landlords do not. 's website notes you can use its service "without your landlord's involvement. It may be possible to pay rent directly with a credit card, just as you would other types of bills. Ask your landlordÂ whether he or she alreadyÂ reports your rent paymentsÂ to credit bureaus before you make this feature a deciding factor. Once you have completed these steps, we will verify them within 2 working days. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, We want to hear from you and encourage a lively discussion among our users. Melissa Lambarena is a credit cards writer at NerdWallet. You pay Plastiq a fee equaling 2.85% of your payment every time youÂ use a credit card, or 1% when you use a debit card. Photo by Pexels. But if you donât pay your credit card bill in full every month, the interest payments on your ongoing balance can pile up. However, this does not influence our evaluations. Other cards offer store credit or even cash back rewards. But it is possible to pay rent with a credit card? If you use a rent pay service, you’ll likely be looking at credit card fees of 1% to 2.5%. Her work has been featured by The Associated Press, New York Times, Washington Post and USA Today. Some firms only provide service to specific areas. Plus, those … Thanks to all authors for creating a page that has been read 3,879 times. You pay Plastiq a fee equaling 2.85% of your payment every time youÂ use a credit card, or 1% when you use a debit card. Most rent payment apps charge processing fees between 2.5% and 3.0%. Some landlords may hide additional fees in your rental agreement or their payment websiteâs terms of service. You can use the following payment methods with RentPay: 1. Credit card (VISA/Mastercard/Amex) (Manual & Autopay) 2. The platform allows roommates to split the cost of rent and choose their own payment method. wikiHow is where trusted research and expert knowledge come together. Can you pay your rent with a credit card? How to Pay Rent with a Credit Card for Free. Your rent is probably your biggest fixed monthly expense. Your landlord may have you pay the credit card transaction fee. Payments can be made manually or scheduled automatically. Add that on top of the processing fee for the convenience of using a credit card, and your total costs escalate. Here is a list of our partners. But putting thousands of dollars in rent on a credit card can temporarily push that ratio higher. Factors to consider before paying rent with a credit card, Â vary, but they usually wonât exceed the cost of the fee.Â One exception: Your rent payment can help meet the spending requirement for a hefty. BPAY 5. â a payment made directly from your bank account. Paying rent with a credit card could affect your credit score by increasing your credit utilization ratio â the total amount of debt you have compared with the amount of available credit you have. We mail them a paper check." Disclaimer: NerdWallet strives to keep its information accurate and up to date. 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