For the past few weeks, there’s been a lot of talk on Reddit about the fact that when paying rent with Radpad, it comes up in the transaction description as a travel purchase, “Lodgings – Hotel, Motels and Resorts”. This makes it possible to rack up bonus credit card rewards for the Travel category, albeit at a hefty price of 2.99% per dollar.
It’s important to note that only payments made via Apple Pay and Android Pay code the transaction as Travel, not direct credit card payments on Radpad.
The buzz was that after Chase gets added to Android Pay on September 7, it will be possible to pay rent and get 3x Ultimate Rewards points on Radpad utilizing the 3x Travel category bonus on the Sapphire Reserve card. It also makes it very easy to get the $300 Travel Credit on CSR, if it wasn’t easy enough already…
Confirmations are trickling in on Reddit that both Apple Pay and Android Pay are working to get the 3x category and the $300 Travel Credit.
If you value UR points at $.01-per-point, there’s not much gain in using this option other than to meet a spend requirement or to get the travel credit. But if buying UR at $.01-per-point sounds good to you, this is an easy way to automatically buy lots of them at that price.
You can also buy UR at $.015 cents-per-point with the Sapphire Preferred card (earns 2x on Travel) or the INK Plus card (INK Plus earns 2x on hotels). Once again, this will be more palatable for minimum spend purposes or if you have a specific redemption in mind which is worth more than $.015-per-point.
For the long run, there’s always a chance of something changing with this coding, whether from Radpad’s side or from Chase’s side, so be prepared to have a month’s loss if that happens before you get around to cancelling your future rent payments.
You wrote:
It’s important to note that only payments made via Apple Pay and Android Pay code the transaction as Travel, not direct credit card payments on Radpad.
where did you find this info? is it chase specific? My AT&T access card seems to consider it travel whether Android Pay or paid via the website.
Thx
Interesting! The data points I saw on Reddit or wherever indicated otherwise
It shows up as lodging/hotels/resorts … but that doesn’t mean the CSR would count as travel without apple pay… do you have a link so i can read up on this/
Check out the Reddit threads, I’d have to search thru to find.
Somebody needs to let the CEO Mr. Eppers know that RadPad should implement a policy of segregated funds. Funds for operations should not be comingled with funds paid by customers to pay their rent. This way, while there may still be mistakes, peoples’ rent will always be paid.
It appears, at least according to Mr. Galpin, that rent $$ is segregated and in an account that is not comingled with funds for operations.
duh poor reading comprehension
Happens to the best of us
Does this mean that in addition to getting 3 pts per dollar that RadPad should qualify for the $300 annual credit as well?
Correct
There will probably be a surge in users at the end of the month – that will be a good test. If we don’t hear reports of bounced checks then radpad is probably safe, at least in the short term. On the other hand, if people do have problems then radpad is probably toast since I don’t think they’ll be able to handle the bad publicity.
Given the bounced checks, the layoffs, and their CEO asking people to take 15% paycuts, I would stay far away from RadPad.
Exactly. Its a done deal IMHO. GiftCardRescue repeated…
@J @NinjaX I’m not too concerned personally since the credit card should easily refund you if they take your money and don’t process the rent payment.
But certainly if someone is worried they should keep away from them. Also, don’t make a Visa/Amex gift card payment.
True. But I am just looking at the potential domino impact. Everyone can decide the risk tolerance for themselves, but if you do something like $2k rent payments and then go file a CC dispute, thats a huge chunk of money for eyeballs to be on your account. With the current state of MS, if possible, I dont need manual reviews of anything that can lead to a huge can of woopass being tossed in my face…
hmmmm…. why not password protect this post???
🙁
We thought about it, but it’s public enough already, plus it’s not hugely profitable for most people. (People usually seek free points more than paying a penny per UR point.)
I signed up for the email newsletter concerning password protected posts. How does that process work exactly? Anytime you post a “password protected” post I’ll get an email about it and password to access it?
Yup
Its not a password protected post because this company is going bankrupt. It will just repeat what happened to GiftCardRescue. Dont remember that? Then you will be reminded when you seek recourse for your exciting 3x Travel UR CSR payment held hostage in Chapter 11 bankruptcy court. Good luck.
This was already very public. Not everything needs to be password protected.
What exactly are password protected posts? I have signed up for newsletter at time of Amazon gift card giveaway but yet to receive any NEWSLETTER till now.
Ps. Sorry if not right place to ask this
Password protected posts are posts that require a password to view and aren’t accessible by google. You can get the password by joining our free rss feed or weekly e-mail newsletter.
Before people go nuts on radpad, do check out this thread on radpad’s possible cash flow issues:
https://www.reddit.com/r/churning/comments/525jj2/radpad_having_cash_flow_issues/