Paying rent with a credit card can be a convenient option, especially for those looking to earn rewards, build credit, or manage cash flow effectively. However, not all platforms offer affordable solutions due to high processing fees. To help you save money, we have compiled a list of the 11 cheapest platforms to pay rent using a credit card in 2024.
Why Use a Credit Card to Pay Rent?
Before diving into the list, let’s explore the benefits of paying rent with a credit card:
Earn Rewards & Cashback – Some credit cards offer cashback or rewards for every dollar spent, making rent payments more beneficial.
Improve Credit Score – Regular, on-time rent payments help in building a solid credit history.
Better Cash Flow Management – Helps manage finances better, especially when waiting for payday.
Emergency Flexibility – Useful during financial shortages when paying rent with cash isn’t feasible.
11 Cheapest Platforms to Pay Rent Using a Credit Card
Here are the best platforms with the lowest fees and reliable service.
1. Bilt Rewards
Fee: $0 (No fees when using the Bilt Mastercard)
Pros: Earn rewards with rent payments, works with any landlord.
Cons: Requires a Bilt Mastercard to avoid fees.
Best for: Renters who want to earn rewards without extra fees.
2. Plastiq
Fee: 2.85%
Pros: Supports various payment types, including rent.
Cons: Some landlords may not accept third-party payments.
Best for: Those looking for a flexible rent payment option.
3. Flex
Fee: Monthly subscription fee (~$3.99)
Pros: Splits rent into two payments to ease budgeting.
Cons: Subscription fee applies; may not be ideal for short-term users.
Best for: Tenants needing more flexible payment schedules.
4. RentMoola
Fee: 2.99%
Pros: Earn rewards and loyalty points on credit card payments.
Cons: Fees can add up over time.
Best for: Tenants using rewards-based credit cards.
5. PayYourRent
Fee: 2.75% – 2.95%
Pros: Reports rent payments to credit bureaus.
Cons: Only available for properties partnered with the service.
Best for: Renters looking to improve their credit score.
6. RadPad
Fee: 2.99%
Pros: Offers promotional discounts for first-time users.
Cons: Limited landlord acceptance.
Best for: New users who want to save on first payments.
7. PlacePay
Fee: 2.99%
Pros: Allows tenants to split rent payments with roommates.
Cons: Service is not available everywhere.
Best for: Shared living arrangements.
8. Zego
Fee: 2.95%
Pros: Accepts major credit cards and integrates with many property managers.
Cons: Some landlords may not support it.
Best for: Tenants in large apartment complexes.
9. SparkRent
Fee: 2.75%
Pros: No setup fee and automatic payments available.
Cons: Only supports select landlords.
Best for: Renters who prefer automation.
10. Venmo (With Rent Support)
Fee: 3%
Pros: Widely accepted and easy to use.
Cons: Slightly higher fee than other platforms.
Best for: Tenants whose landlords already use Venmo.
11. PayPal
Fee: 2.9% + $0.30 per transaction
Pros: Easy and widely accepted.
Cons: Landlord must accept PayPal.
Best for: Users who already rely on PayPal for transactions.
How to Choose the Best Platform for You
Selecting the best rent payment platform depends on several factors:
Fee Structure – Opt for platforms with the lowest fees.
Landlord Acceptance – Confirm if your landlord supports third-party payments.
Rewards & Perks – Choose platforms that maximize your credit card benefits.
Flexibility – If you need installment options, pick platforms like Flex.
Credit Reporting – Some services report rent payments to credit bureaus, helping you build credit.
Conclusion
Paying rent with a credit card is a smart choice when done strategically. The cheapest platforms like Bilt Rewards, Plastiq, and Flex offer great value with lower fees and added perks. However, it’s important to ensure your landlord accepts credit card payments and that the fees don’t outweigh the benefits.
