Author Topic: Best CC to pay rent?  (Read 4306 times)

unccnick

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Best CC to pay rent?
« on: January 13, 2016, 10:04:07 AM »
I've done a bit of research on my own, but thought this may be a good place to pose this question as I've likely missed at least one thing.

Short story - our building now allows us to pay rent on a CC, with no fee. I've been paying rent with an automated debit from a bank account so this is a great little bonus. We live in DC so our rent is not insignificant, and I'm looking to get some input on which card may be best to put this monthly charge. I believe that it goes without saying that all of my cards are paid in full each month.

I wouldn't consider myself a card "churner" but I take advantage where I can. Just for a little extra info - I already have the AmEx PRG (signed up to get the bonuses, totally worth it BTW, but will be getting rid of this before the nearly $500 annual fee hits), AmEx Blue Cash Preferred, Chase Freedom, Cap1 Quicksilver Visa Sig.

Is there a card I'm missing that offers 2%+ on everyday/all purchases and perhaps I could get that has a pretty good sign-up bonus too? I know Citi Double has an effective reward of 2% but there isn't a sign-up bonus...

Thanks for the input!

Drifterrider

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Re: Best CC to pay rent?
« Reply #1 on: January 13, 2016, 10:50:57 AM »
Are you a member of Navy Federal Credit Union?   They have some nice cash back cards.

aceyou

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Re: Best CC to pay rent?
« Reply #2 on: January 13, 2016, 12:48:47 PM »
You should churn them then every 3 months.  You can rack up lots of miles, hotel points, and even straight cash.  There are tons of good choices, it depends on what you want.  So, do you want miles, hotel points, or straight cash? 

unccnick

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Re: Best CC to pay rent?
« Reply #3 on: January 13, 2016, 01:06:40 PM »
Historically, I've almost always leaned toward cash back. I find the miles/points systems too gamed. Though that may have to do with my lack of effort to make the most of it - but to me, it just seemed that I could get the best "deal" with cash back. I've only recently gotten my first points/miles card.

Does anyone have a primer on "business" cards. I've located a card with $500 back bonus on a $4500/spend in 3 months, with 2% back on all purchases. It has a $59 annual fee, but that would be more than made up for (when compared to other cards) based on the bonus/2%. The wife and I own a business we could list to get the card, but I'm concerned how much the business' numbers influence the application decision, or whether it's based mostly on the person.

Revelry

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Re: Best CC to pay rent?
« Reply #4 on: January 13, 2016, 01:44:49 PM »
I don't personally have the Spark but I've read that it's mostly based on the person and doesn't go to recon for grilling about business revenues/etc.  It's a tempting signup bonus but maybe not worth a hard pull to each credit bureau.  Sort of depends on how many cards you see yourself going through and if those hard pulls would be a limiting factor.
I don't have a Chase Sapphire Preferred either due to their new rules to discourage churners, but it's currently at 50,000 UR bonus ($500 cash value).  If you only have the four cards mentioned you'll probably be good to go.  Do someone a solid and use their referral.

JLee

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Re: Best CC to pay rent?
« Reply #5 on: January 13, 2016, 01:52:15 PM »
Historically, I've almost always leaned toward cash back. I find the miles/points systems too gamed. Though that may have to do with my lack of effort to make the most of it - but to me, it just seemed that I could get the best "deal" with cash back. I've only recently gotten my first points/miles card.

Does anyone have a primer on "business" cards. I've located a card with $500 back bonus on a $4500/spend in 3 months, with 2% back on all purchases. It has a $59 annual fee, but that would be more than made up for (when compared to other cards) based on the bonus/2%. The wife and I own a business we could list to get the card, but I'm concerned how much the business' numbers influence the application decision, or whether it's based mostly on the person.

If you travel, straight cash cards are probably not your best bet. If you don't ever fly, then cash back would probably be a better option for you.