Top 6 Platforms to Pay Rent with Credit Card in India

Using credit cards prudently can yield some incredible rewards and advantages. Therefore, it’s logical to employ them for most of our expenses. For many of us, a substantial portion of our monthly spending goes towards paying rent. Consequently, it’s essential to put this expense on our credit cards. Fortunately, several applications now enable us to pay our rent with credit cards online. Here are the finest platforms for paying rent with credit cards in India.

Top 6 Platforms to Pay Rent with Credit Card in India

1. RedGirraffe

RedGirraffe Rent Pay Platform

RedGirraffe stands as one of the longest-running rent payment platforms in India, providing a reliable service that manages the verification and registration process. With partnerships established with numerous banks across the country, users can conveniently pay their rent via credit or debit cards. The platform boasts the lowest convenience fees, amounting to just 0.39% for transactions. This means that users can benefit from substantial savings by earning reward points on their credit cards. Moreover, RedGirraffe offers attractive deals throughout the year for several credit cards.

Despite its many benefits, the platform’s registration process can be a bit tedious. The user is required to furnish full details about the tenant and owner, including PAN card details. After successful verification, RedGirraffe generates a biller registration ID within two to three business days. Once payment is made, it takes about two to three working days for the rent to be transferred to the landlord’s account.

2. Cred

Cred Rent Pay Platform

Cred is a highly beneficial mobile application that caters to credit card enthusiasts. Initially, the app was designed as a tool to pay credit card bills and obtain rewards for individuals with good credit scores. However, over time, it expanded its functionalities to incorporate other useful features. One of such features is rent payment. Cred RentPay, specifically, boasts of an exceptional interface for rent payments, which is undoubtedly a plus.

Nevertheless, it is important to note that Cred RentPay charges a convenience fee for its services, which may be considered slightly on the higher side. The fee ranges between 1% to 1.75% and depends on the rental amount and the chosen card for payment.

If you’re looking for an app that simplifies rent payments and provides an excellent user experience, Cred RentPay is an ideal option. However, it is crucial to be aware of the convenience fee and ensure that it aligns with your budget.

3. Magicbricks

Magicbricks Rent Pay Platform

Magicbricks has become a prominent name in the world of real estate, and it is highly popular among people seeking rental properties. Recently, the website has launched a new feature called RentPay, which enables tenants to pay their rent using their credit cards. The most remarkable aspect of this service is that it comes with a 0% convenience fee, which means that you can avail of your credit card rewards without any additional charges.

The registration process for RentPay is straightforward, and all you need is a rental agreement to get started. With this new feature, Magicbricks aims to provide a convenient and hassle-free rental payment experience to its users. It also offers an added benefit of enabling tenants to build their credit scores by using their credit cards to pay rent.

In conclusion, if you are someone who values convenience and rewards, then Magicbricks’ RentPay feature is the perfect solution for you. Join the thousands of satisfied users who have already availed of this service and enjoy a hassle-free rental payment experience.

4. NoBroker

NoBroker Rent Pay Platform

NoBroker began as a platform for rental listings without brokerage fees, but it has expanded its services to include rent payments, society maintenance, and house advance payments. Customers are charged a modest convenience fee of 1% for these services. Compared to RedGirraffe, NoBroker has a simpler registration process. Payments can be made immediately, and rent is transferred to the landlord’s account in real-time. NoBroker also runs promotional offers for rent payments every month, similar to RedGirraffe.

PhonePe is a major player in the Indian digital payment market, directly competing with Paytm across a wide range of services, including rental payments. This service functions in much the same way as Paytm, allowing users to transfer rent to a mobile number, UPI ID, or bank account without the need for pre-registration or a rental agreement.

5. PhonePe

PhonePe Rent Pay Platform

PhonePe’s rental payment feature offers a convenient and hassle-free way for users to make their monthly rent payments. The service is available without any pre-registration or complex documentation requirements, making it an easy choice for renters. The process for initiating a rent transfer is quick and straightforward, allowing users to complete their payment in just a few clicks.

However, it is important to note that PhonePe charges a convenience fee of 1.75% plus GST for each rent payment. This fee is comparable to those charged by other digital payment providers and is a necessary cost for the convenience of using the service.

6. PayTM

PayTM Rent Pay Platform

Paytm has become ubiquitous with its QR codes, and its app has become a staple on mobile phones. With the latest update to the Paytm app, users can now conveniently pay their rent using a credit card. The payment can be easily transferred to a mobile number, UPI id, or bank account, without requiring any prior registration or rental agreement.

The process is hassle-free and can be completed in just a few simple steps. Users can select the “Rent Payment” option in the Paytm app, enter the required details such as the amount, mobile number or UPI id of the recipient, and choose the preferred mode of payment. The app provides a secure and reliable platform for rent payments, ensuring that the process is smooth and efficient.

The convenience fee charged for using Paytm to pay rent is 1% plus GST, which is a small price to pay for the ease and convenience it offers. Moreover, users can earn cashback and rewards on their rent payments, which adds to the benefits of using Paytm for rent payments.

Read Here The 6 Best Credit Card to Rent Paying

Comparison of the Platforms:

PlatformRental AgreementFee & Charges
RedGirraffeYes for rent above Rs 200000.39% + GST
CREDNo1% to 1.75% + GST
NoBrokerYes1% + GST
PhonePeNo1.70% + GST
PaytmNo1% + GST

Final Thought:

There are numerous benefits to using a credit card to pay rent. Firstly, it allows us to earn valuable rewards and cashback on our spending. Additionally, we may be eligible for spend-based fee waivers or other offers. However, it is important to note that some platforms charge extra convenience fees, which must be taken into consideration.

Personally, I prefer to use RedGirraffe for my rent payments due to its low fees. The process is straightforward – after registering, I receive a monthly bill which I pay using Payzapp. To maximize my benefits, I choose to pay with the credit card that offers the best deal for that particular month.

If you’re considering paying your rent with a credit card, it’s worth doing some research to find the best platform and credit card combination that works for you. Not only can it help you earn rewards, but it can also simplify the payment process.

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