Posted by William Charles on February 25, 2015
Manufactured Spending

Published on February 25th, 2015 | by William Charles

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Pay Your Rent With A Credit Card (Or Debit) – Complete List Of Options

For most people their rent will be by far their biggest expense every month. Because of this paying it with a credit card (0r debit card) is a very attractive option, it can be an easy way to meet minimum spend requirements or even just generate on going spend.

There are a number of different options in the market place now, I thought it would be a good idea to have a look at each of these options and see the differences in each.

Master Table

This table is listed in Alphabetical order and includes the following information: name of company (with a link to their webpage), fees for debit card usage, fees for credit card usage, whether gift cards can be used, if you can split payments, if home owner association fees or similar can be paid and a link to our review if we have one. If there is anything else you think should be added, let me know.As you can see, there are currently a lot of unknowns. I’ve reached out to each of these companies to try and get some more information to fill in the blanks, but if you have any experience (or better searching skills than I) and know the answer to any of these unknowns then please let me know.

 Debit Card FeesCredit Card FeesCards AcceptedGift Card UsageSplit PaymentsHome Owners/Assocation FeesWorks For All Landlords (e.g sends them a paper check)Our Review
PayYourRentVaries based on landlordVaries based on landlordUnknownUnknownUnknownYesNo, landlords have to sign upNone
PlastiqN/A2.5% (occasionally slightly less)Visa, Mastercard, American ExpressYesNoYesYesOur review
Cozy2.75%2.75%Visa, MasterCard, American Express, Discover & Apple PayUnknownUnknownUnknownNo, landlords have to be invited. Will be expanded to all soon.None
RentMoolaN/A2.7%Visa, MasterCard, American ExpressYesNoYesNo, landlords have to sign upNone
RentPayment Varies based on landlord (standard fee is $24.95 which is a flat fee regardless of your rent)Varies based on landlord (standard fee is $24.95 which is a flat fee regardless of your rent)Visa, Mastercard, American Express & DiscoverUnknownUnknownYesNo, landlords have to sign upOur review
RentShareN/A2.9% (sometimes covered by landlord)Visa, MasterCard, American Express, DiscoverUnknownUnknownUnknownNo, landlords have to sign upNone
RentTrackVaries on landlord2.95%All payment networks, some landlords won’t accept American ExpressNoYesYes (specific “other” field is available)No, landlords have to sign upNone
SimplifyEmN/A3.5%UnknownUnknownUnknownUnknownUnknownNone

Similarly if I missed any companies that accept online rent payments with a credit or debit card let me know.

Final Thoughts

If you want to pay your rent with a debit card or credit card, your only real option at the moment is to use Plastiq and pay the 2.5% fee.

Using a credit card rarely makes sense because the fees will outweigh the rewards you’d be earning. There are two notable exceptions: if you’re meeting the requirements of a sign up bonus or you have a credit card that earns at a rate of 2.75%+ or more (e.g the Discover it Miles for the first year).

Did I miss any rent payment services? If so, what are they?



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Tobias
Tobias

Your page is all screwed up formatting-wise. Your “popular posts” on the right side overlaps your table and makes it impossible to use

Dave
Dave

This is a good effort however I don’t know if it really makes sense to collect a list of sites that require your landlord to sign up. There are a lot of them: clickpay, payclix, erentpayment, erentpayer, rentpaidonline, paylease, rentmatic, rentmerchant, etc…

If your landlord uses one of these they would likely tell you, for everyone else there’s not much they can do with this information. The useful ones are the ones that let you pay any landlord.

Corrie van Tol
Corrie van Tol

William Charles, you are a sweetheart! Thank you for your site. I am a landlord who is switching from Williampaid and various random methods of rent collection. Your effort and attitude are absolutely great.

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[…] Fees for that service vary depending upon how much you pay.  Or, pay about 3% through a variety of services to use your credit card to pay your […]

mordechai
mordechai

i saw this on BBB any body knows anything about Consumers need to be aware that every time you use plastiq there will be two transactions to your credit card. One for the actual bill payment and the second for the service fee. Depending on your credit card company you may be charged a cash advance fee for each transaction.
This customer had a NEGATIVE experience with this business.
This customer WOULD NOT recommend the business to a friend, family member, neighbor or colleague.
by Mousumi M. on 5/5/2015 | Submit a Customer Review

Chuck

Yeah, I noticed the two charges as well. We still need to wait for more data points on cash advance fees, but I used a card with no CA allowance and it went through fine.

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[…] Many others. See: Doctor of Credit: Complete List Of Options For Paying Your Rent With A Debit Or Credit Card […]

Dawn
Dawn

If you were using Amex Everyday card, the two transaction could be helpful no? 30 transaction monthly = %50 boost to rewards

Hunter
Hunter

You can’t split payments in rent share. I was excited you could do AGC on Plastiq, but the inability to split payments there either means it’s no good for any rent payments by AGC over $2,000 since you can’t get the portal bonus. What a shame.

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[…] Pay your rent. Fees can be as low as 2.5% and many will take Amex for the payment. See Complete List Of Options For Paying Your Rent With A Debit Or Credit Card. […]

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[…] written about racking up credit card spend by paying your rent with a credit or debit, see Complete List Of Options For Paying Your Rent With A Debit Or Credit Card. The best option for paying with a debit card is Radpad which is fee-free. For credit, the best […]

Kevin
Kevin

It should be noted that Plastiq has no fee for debit cards anymore.

Dave
Dave

It looks like RadPad changed their credit card fee structure. It is now 1.99% for MasterCard and 3.49% for everything else.

James
James

RentTrack will be offering a direct to resident service, no landlord sign up necessary, sometime this summer. They also report the rental payments to all three major credit bureaus, which helps you improve your credit score when you pay your rent. It is pretty useful, especially for college students who can’t yet get a credit card without a cosigner and therefore can’t build credit history.

AM
AM

It looks like rentshare changed their way of doing things.. Just tried to sign up and couldn’t set it up, so emailed and this is the conversation:

Rentshare: “At this time, if your landlord is not signed up with RentShare, we are unable to process your payment. If your landlord would like to sign up with us, to receive payments via direct deposit, we are happy to facilitate the process!
If you would like to pass along your landlord info, we would be happy to contact them directly to set you up.”

Me ” “I was under the impression that your service could be used to pay rent using a credit card to any property management without the need for them to be signed up.. Correct me if I’m wrong?””

Rentshare:”We recently changed this feature, at this time, your landlord would need to be signed up in order to receive payments via direct deposit.”

Notice how they are only using “direct deposit” in their language.. Looks like no more credit cards payment?

Guru
Guru

Radpad updated their debit card fee structure. $4.95 for $5000

Please update the fee tables

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