Paying Rent & Mortgage on Cards: What Still Works & What Doesn’t

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Let’s start with the bad news. This month we’ve seen a bit of a crack down on rental and mortgage payments on credit cards.

Now, some good news: There are other functioning ways to pay your rent or mortgage with credit cards.

  • Pay your mortgage on Plastiq with a card issued by MasterCard, American Express, or Discover. Rental payments on Plastiq can still be made on all types of cards including Visas. Credit card fee is 2.5%.
  • Pay your rent on RadPad. Credit card fee is 2.99% and accepts all major card types. There’s no big advantage I can see anymore to using RadPad versus Plastiq for paying rent.
  • Pay your rent on Rentler. Credit card fee is 2.5% and accepts all major card types. The difference between Plastiq and Rentler that I believe makes Plastiq a better option for paying rent is that Rentler requires your landlord to sign up while Plastiq does not.

Unless you have a specific issue with Plastiq (let us know in the comments your experiences), I’d say it’s the cheapest and easiest online credit card processor for paying rent and mortgage through. You can also pay other bills on Plastiq. Read more about what you can and can’t pay for in Is Plastiq Worth It? Paying Your Bills Online with Credit Cards to Earn Miles.

When You’d Want to Pay Your Rent or Mortgage With a Credit Card

Paying rent or mortgage or another bill you can’t normally pay with a credit card can be worth it if the return is high enough. For example, earning 3x Ultimate Rewards on rental or mortgage payments on Plastiq would be worth it to me since I value Ultimate Rewards at 2 cents each, and the cost of processing a credit card payment on Plastiq is 2.5%–but that is no longer an option.

But the option of using rental/mortgage payments to meet minimum spending requirements is not dead. Often the effective rebate on meeting a minimum spending requirement is 20% or more. That means if you pay your large bills via Plastiq that are otherwise not payable on credit cards in order to open more cards and meet more minimum spending requirements, the 2.5% fee can be a drop in the bucket compared to the rewards you’ll earn.

If you’re not trying to reach a minimum spending requirement for a sign-up bonus, I wouldn’t use Plastiq for bill payments on cards that earn 1 mile per dollar as I don’t value any miles at greater than 2.5 cents (for example, my highest valued point is SPG at 2.5 and highest valued mile is Virgin America mile at 2.3 cents each).

Want to Learn More About Manufactured Spending?

Frequent Miler has a thorough Guide to Manufactured Spending with consistently updated info on what techniques still work and others that have died off. I recommend using it to stay current with news if manufactured spend is on your radar.

Bottom Line

Paying via Plastiq, you used to be able to earn 3x Ultimate Rewards for rental/mortgage payments made on the Sapphire Reserve and Ink Business Preferred, as well as 3x ThankYou points for rental/mortgage payments made on the Citi AT&T Access More card. For the majority of people, neither are earning that 3x category bonus anymore.

You can no longer pay your mortgage on a Visa credit card through Plastiq, however you can with MasterCard, American Express, or Discover card. You can still use any card to pay rent via Plastiq (for a 2.5% processing fee).

Hat tip Million Mile Secrets


Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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7 COMMENTS

  1. Matt
    Yes I’ll pay 1 to 3% on $1k to $5K (TAXes) to pick up 60K points ..Then use ur regular card and forget about the games.
    Love my INK !!!!!

  2. I just tried to use Marriott card to pay my auto loan and was told that since they do not have established business with Honda Financial Services my bank/card would treat it as a cash advance transaction.

  3. Note that Plastiq might be appealing if you have a high rent. Purchases over $5000 earn 1.5x Amex MR on the Platinum card. So you should break even or come out ahead with Plastiq at 2.5%, depending on your precise valuation of Amex MR. (1.67 cents/MR point being break-even)

  4. Try anything BUT ask before u try .Fed and State ,Prop Taxes..Home.car any Ins. I bet no fee .I use to pay rent 20 years ago for 2 units .I tried Bank to Bank but they said no.I should check every utlites too.I switched elect companies got 15k aa points twice over 5 years.

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