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Q.

What is Rent Payment in Credit Card?

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0 2023-06-12T11:38:16+00:00

I have always seen a few of my colleagues get exciting rewards or cashback while using their credit cards. Recently, I learned from them that rent payment in credit card has come to be quite beneficial for them as well. Since I was not very aware of what is rent payment in credit card, I asked them to explain it in detail. Its meaning is simple. Rent payment with a credit card refers to the practice of using a credit card to pay your monthly rent to your landlord or property management company. Instead of paying your rent through traditional methods like cash, cheque, or bank transfer, you can choose to make the payment using your credit card.

What is rent payment in ICICI credit card?

You can pay your rent using your ICICI credit card easily. Each credit card has set a transaction fee. In the case of the ICICI credit card, you will have to pay a 1% fee. So if your rent is Rs 20,000, you have to pay Rs 200 as the transaction fee. 

The answer to what is rent payment in RBL ( Ratnakar Bank Limited) credit card is also the same. It refers to the method where rent is paid through the RBL credit card. They also charge a fee of 1% of your rent amount as a transaction fee. 

So this is the meaning of what is rent payment in credit card.

Get low-interest rates home loans that will be disbursed in a short time through NoBroker  Pay your rent online using credit card and win exciting rewards Read More: How to pay rent using credit card? How do I pay my rent with a credit card? Can we pay electricity bill through credit card?
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