Without getting into the whole credit card churning lifestyle, I just started trying out paying my rent with a new credit card to get the 40K bonus points. In this case, the card is CapitalOne Venture.
Here are the numbers:
My rent is 1825 + $40 =1865. Using a credit card, there is a 40 dollar fee. Using the card for rent earned me 3700 points so far, a near 40 dollar value at least, I think?
Next month I will pay rent with it again, earning me the minimum spend required to earn the 40K bonus points, then I would start again with a new credit card to get some other bonus points.
So, while there is a 40 dollar credit card fee, it looks at if I'm mainly getting it back, am I understanding this right? I would then apply the points to hotel or airlines expenses which I intended to do anyway.