Should You Pay Rent by Credit Card Or Check?

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In today's situation, many landlords are giving the option of paying rent by credit card. The reason why they do this is because most of them are using the internet to showcase their properties. Giving the option to pay rent by credit card is a good convenience and something that will encourage the tenant to pay the rent on time. Besides, landlords who accept money through credit cards also think that this extra convenience will foster better relationships between the two parties.

If you are a tenant, paying by credit card gives you certain advantages. You will be able to earn miles or brownie points by paying through card. Furthermore, the convenience of the card lowers the chances of paying a late fee. This is because when you get really busy, you may forget to pay that month's rent through check. If you pay by card, you can avoid the awkward situation of having to pay late fees.

Those who have enrolled into credit card rewards programs for getting benefits such as free flights or hotel bookings or items, will find paying rent through credit card to be a convenient option to add points for getting such rewards. Just pay rent every month through the card and have the amount add on to your score for becoming eligible for free offers.

Though paying by credit , gives several benefits, it is not something that is suitable for everyone. If you are under a credit debt, it is advisable to pay by check. In case you are sharing your room with others, paying their rent through your card to pay rent, denies others the benefits of such usage. They would have to give you a check for their respective rental amounts. In both such situations, it is advisable to pay rent by check.

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Source by Pauline Go