using credit cards to pay rent

[Will]

If someone is still looking for a way to use credit cards to pay for rent, see the posting below from a frequent flyer blog  http://theforwardcabin.boardingarea.com/2014/12/31/new-pay-rent-debit-card-low-fee/

Includes some useful info on the tradeoffs for processing fees vs miles:

Radpad, a service that offers both credit card and debit card payments for rent, offers a monthly check-cutting service to landlord that only charges a $4.95 fee when using a debit card.

Your first month’s rent payment is free with a debit card. Then it’s $4.95 for up to a $5000 payment.

Credit card payments cost 2.99% so aren’t worth doing. But if you have a rewards debit card this can be a great way to earn miles for your rent.

• This is possible, because the cost to process debit transactions is really low (because of the Durban amendment) 
  
• But for the same reason, banks usually do not incentivize debit transactions any longer.

Here’s what does still exist: 

• I use the Suntrust Delta debit card, which earns 1 mile per dollar spent. You can no longer sign up for this card. 
  
• If you want to earn miles for debit payments and don’t currently have a rewards-earning debit card, UFB Direct offers 1 American mile per $2 spent albeit with earnings caps.

$1500 rent would earn 1500 Delta miles at a cost of $5, or 1/3rd of a cent per point. Worth it. It would also earn 750 American miles at 2/3rd of a cent per point. Also worth it.. This could be useful for generating points for some.

[Alissa James]

​Great information! Thanks for sharing ​Will.

Kind regards, Alissa James  HR Recruiter  347-400-6700 Skype: Ali_Jay79 Alissa...@gmail.com

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[Jonathan Klarman]

I did not read in its entirety however looks very useful & your share is much appreciated Will.

Any idea if this applies to maintenance fees and/or anyone have any Hacks to pay maintenance with American Express to receive points?

Thank You

ᐧ

[Jonathan Klarman]

Thank you again Will.

I hope the rest of our group finds your information greatly useful as well.

ᐧ

On Sun, Jan 4, 2015 at 9:32 PM, Will <will...@gmail.com> wrote:

If your payment for maintenance fees is under the monthly cap use Amazon payments.  Make payments using any credit card. see below for information

 http://thepointsguy.com/2014/07/amazon-payments-send-and-receive-money-with-a-credit-card/

BTW, with all the airline cards offering huge sign up bonuses, you may want to look at something other than AMEX.  For example, US air (which will become AA in March) is offering a 50K point sign up bonus, with only 1 purchase, no minimum spend.  Thats 1 free coach ticket.

[Will]

If your payment for maintenance fees is under the monthly cap use Amazon payments.  Make payments using any credit card. see below for information

 http://thepointsguy.com/2014/07/amazon-payments-send-and-receive-money-with-a-credit-card/

BTW, with all the airline cards offering huge sign up bonuses, you may want to look at something other than AMEX.  For example, US air (which will become AA in March) is offering a 50K point sign up bonus, with only 1 purchase, no minimum spend.  Thats 1 free coach ticket.

On Sun, Jan 4, 2015 at 4:48 PM, Jonathan Klarman <jonkl...@gmail.com> wrote:

[Joshua Holt]

Will - Unfortunately Amazon Payments no longer works for sending money via credit cards.

[Justin Abbott Chalew]

Hi Will,

The Amazon Payments "hack" is dead – they got rid of the under-$1,000-free-transfer-level effective from the middle October, so it's no longer a free way to move money. :-(

http://thepointsguy.com/2014/09/amazon-payments-removing-free-1000-monthly-transfers/

There are a few alternatives... AmEx's Serve, or Bluebird, etc, but they're more complicated and there are some issues around security and so on. FlyerTalk has a good forum on options in case anyone wants to read and learn more:

http://www.flyertalk.com/forum/manufactured-spending-719/