How to get bonus points just by paying rent with your credit card

Apr 1, 2020

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It’s a question we hear often — should you pay your rent with your credit card? It’s also one that doesn’t have an easy answer. It depends on your circumstances.

First, you’ll need to determine what the fees are. Then, you’ll need to calculate if the juice (points) is worth the squeeze (the fee). In most cases, it’s not. But if you’re trying to hit a minimum spend requirement to trigger a sign-up bonus, it could make sense.

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In light of the current coronavirus outbreak and the associated financial hardship many people are experiencing as a result, landlords around the country are waiving or greatly reducing fees for using debit and credit cards to pay rent.

Related reading: Paying rent and mortgages with a credit card

For example, I received an update on COVID-19 from my landlord — MGT Management in New York City — stating that “in light of the overall economic environment, MGT Property Management has worked with ClickPay for the month of April 2020 to give our current tenants the ability to pay rent online with no service charges including credit cards.”

I wasn’t the only one to receive a memo about waived credit card fees. A few of my TPG colleagues in the New York office did, too. Even if you didn’t receive news from your landlord about waiving fees, it never hurts to ask, citing the harsh economy climate.

Personally, I plan on paying my rent this month with The Amex EveryDay® Preferred Credit Card from American Express, which earns 1.5 Membership Rewards points for each dollar spent as long as I make 30 transactions a month on the card. Membership Rewards are valued at 2 cents each by TPG, meaning that I’m getting an impressive 3% rebate on paying my rent. The information for the Amex Everyday Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

There are some cards where you could do even better. The Blue Business® Plus Credit Card from American Express offers 2 Membership Rewards points for each dollar spent, for the first $50,000 spent on purchases per calendar year, then 1x thereafter. Putting rent on this card would earn you an effective 4% rebate on rent.

(Photo courtesy of Shutterstack)

Due to the coronavirus outbreak, you may not have an immediate use for travel rewards. The good news is that you can still profit off this deal with a cash-back card. Say you opened a new card that offers 2% cash back, plus a sign-up bonus, such as the Capital One Spark Cash for Business. Your rent payment alone could get you well on your way to the sign-up bonus, in addition to the 2% rebate you’d get from the transaction.

Related reading: Best cash-back credit cards

Though the coronavirus is taking a massive toll on the world, there’s a silver lining for those paying rent, with many landlords re accommodating fee-free credit card payments. If you’re in a position to fully pay off your credit card bill, it’s a great way to earn some free points.

Featured photo by Grace Cary/Getty Images.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.