Top 10 Apps Pay Rent With Credit Card In India

Top Ten Rent Apps To Pay Rent Using Credit Cards

1.Paytm

Paytm is one of the best platforms for money transfer in India. After COVID, everybody prefers an online platform for paying even a small bill. Thus, this digital payment platform has become very popular after COVID. Payment offers services such as mobile recharge, bill payment, online payment, bookings, etc.

Features and Benefits of Paytm:

• Paytm offers an interest free period of 45 days on purchases.
• It offers safe and secure payment methods and provides elevated protection to the user’s financial information.
• You can earn cashback and reward points on paying rent through Paytm.
• Paytm helps landlords and tenants handle their payment history easily by providing digital rent receipts and agreements.
• It provides a 3 way payment process that helps you make easy, quick, and secure transactions.
• It offers hassle-free payment options.
• You don’t have to use various apps for payment mode due to the availability of the integrated bill feature.

2.PhonePe

PhonePe is one of the most widely used payment apps in India. The rent payment feature app was introduced in 2021 in PhonePe. The interface is similar to Paytm and Freecharge and makes you enter only the essential details.

Features and Benefits of PhonePe:

• The app allows individuals to use Americal Express credit cards, and this feature is not available on other payment apps.
• It includes an automated payment option, ensuring timely payment of rent.
• It has a feature that enables communication between the tenants and landlords.
• It provides Incentives, cashback, and rewards, which make it a suitable option for users.
• It provides a user-friendly interface with additional security features.
• It maintains records of digital payments done, thus simplifying the process of tracking for both tenants and landlords.

3. Buildium

This app is a great choice for property owners and managers to manage rental property services like rent payments, transactions, request maintenance, and lease management. It comes with automated electronic payments, insight tools, and tracking features. This app has a comprehensive approach to property management solutions and is a top option for landlords for their properties.

Features and Benefits of Buildium:

• Buildium shortens the payment processing time by up to 70% by offering the best rental payment services.
• The online portal is user-friendly and easy to use.
• It also facilitates communication between the parties.
• Buildium offers a wide range of digital services for the smooth and integrated flow of transactions.
• Buildium offers two renting apps. One is for the tenants to pay rent, make requests, etc. The other app is for the property managers and the resident centre.
• Buildium offers benefits like ACH (Automated Clearing House) payment, e-signature, etc.

4. PayZapp

You can pay your rent through credit card using the PayZapp. However, it is not a standalone app to pay rent. It connects you with other major platforms to pay rent.

Features and Benefits of PayZapp:

• It connects you to the RedGiraffe app to pay rent and earn bonus points or cashbacks on it.
• To pay rent on Nobroker, you can use the PayZapp wallet option. Extra cashback can be availed on this.

5. ePayRent

This is a platform that allows tenants to pay rent using credit cards, debit cards, and netbanking.

Features and Benefits of ePayRent:

• It protects your confidential information. That is the information is secured and encrypted.
• You will get rent receipts immediately through your email. These can be used to claim HRA exemption.
• You can earn reward points on rent payments done using ePayRent. These can be redeemed later.

6. CRED

This platform is mainly focused on credit card management and payments. Now, it has extended its services to rent payment options. It also offers various other services like insurance, investments, bill payments, etc. The users have to link their bank accounts with their CRED accounts to avail themselves of all the facilities provided by the app. Users can track their financial performance and manage their finances using the feature for tracking credit scores.

Features and Benefits of CRED:

• You can earn exclusive cashback and rewards on your rent payments using CRED
• It has an automated payment option that includes recurring payments. This helps in making timely rent payments.
• It has a good digital record-keeping system. This makes the process hassle-free for both the landlords and tenants.
• This app provides you with a user-friendly interface. Users can quickly navigate through the app, easily enter their details, and start with the rental transactions.
• You are eligible for an interest-free credit period while paying the rent through a credit card.
• It has a good rewards point system.

7. NoBroker

It is a platform wherein users can buy, sell, and rent properties. You can pay the rent as well as society maintenance using this platform. Visa and Mastercard can be used on this platform to pay rent and earn rewards and cashback.

Features and Benefits of NoBroker:

• If you invite your friends to the platform, then, you will get 50% off on the processing fees.
• You can earn up to 30,000 reward points on your Visa and MasterCard
• You can also earn reward points on yearly spends using your credit card.
• You will get the payment receipt immediately on your registered email ID.
• The landlord receives the rent within 2 working days of initiating this using the credit card.

8. RedGirraffe

RedGirraffe is another service provider that allows you to rent payment from the comfort of your home.

Features and Benefits of RedGirraffe:

• The service fee is quite low to the extent of just 0.39% plus GST. The platform’s links with several banks could be the reason for such a low convenience fee.
• Once the credit card account is activated, the tenant can set up auto payment alerts in order to ensure timely payment of the rent. Activating the account takes around a day or two.
• Filling the form is a hassle-free process, but it may take a long time. However, all the details in the form have to be submitted only once. As you get a low service fee rate, it is worth the effort.

7. Magicbricks

Magicbricks is one of India’s most popular platforms to sell, buy, and rent residential as well as commercial properties. Using Magicbricks, you can pay rent with credit cards through the platform and then earn rewards and a lot more. Magicbricks is one of the most economical platforms to pay rent using a credit card as it charges a minimal processing fee of 1% of the transaction amount.

Features and Benefits of Magicbricks:

• The landlord receives the rent paid via Magicbricks within 1 day of initiating the payment.
• Your landlord will receive the rent within 1 day of initiating the payment, so you will get an instant rent receipt on your registered phone number or email ID.
• Magicbricks provides enhanced security features. So details such as credit card credentials or landlord’s bank account details that you enter will be safe on the platform.
• You can get cashback and offers up to Rs. 23,000
• You can avail free rental insurance of up to Rs. 1 lakh to protect your family
• Earn 100% cash back on rent
• Avail a discount of 10 to 50% on top brands like Domino’s, Myntra, PharmEasy, EaseMyTrip, and Rentickle.
• Get an opportunity to win exclusive offers from banks.
• Earn rewards for paying the biggest monthly expense and maximizing your savings.

8. Freecharge

This is a payment by Axis Bank. Freecharge allows you to earn up to 3% reward points while paying rent using your credit card. You can easily transfer rent from your credit card to your landlord’s account just by entering a few simple details. A minimal convenience fee of 1.1% is charged on every transaction you make from your credit card to pay rent.

Features and Benefits of Freecharge:

• You can add up to 3 landlords at a time and transfer up to Rs. 2 lakhs of rent in a day.
• You will earn 3x edge reward points on paying the rent via Axis Bank credit card
• Based on your card scheme, you can earn cashback or reward points.

What Are The Benefits of Paying Rent With A Credit Card?

• Cashback offers: When you pay rent using a credit card, you will get cashback from several banks and e-commerce portals. These will be directly credited to your account.
• Reward points: You will earn reward points when you pay rent using credit cards. These are redeemable in the future for discounts on purchases.
• Interest Free Credit Period: Credit cards come with a 45 day interest free credit period. Therefore, if you pay your credit card bill within 45 days, you do not have to pay any interest charges.
• Minimum formalities: Most platforms that allow you to pay rent using credit cards offer enhanced technology features that provide the users with easy and seamless processing. Also, it is enough to fill in the details pertaining to the landlord just once. Then, you can automate the rent paying transaction if your credit card issuer allows you to do so.
• Meet the annual spending limit: Many users in India find it difficult to meet the annual spending limit of their credit cards. But, when you pay rent using credit cards, you can easily meet the annual spending limit.

How to Pay Rent Safely Using a Credit Card?

• Use your credit card to pay rent only on trusted sites.
• Choose the option of two factor authentication. This will give an additional level of security to your credit card.
• Whenever you pay the rent using the credit card, do not share the OTPs with anyone.
• Do not share the details of your credit card on random websites, as this may lead to frauds.
• If you lose your credit card, contact the bank immediately and ask them to block the card.
• Do not disclose sensitive details of your credit card like the CVV, credit card number, or expiry date. Because no bank or financial institution will ask for such details.

FAQs on Best Rent Payment Apps: