Home / Money / Personal Finance /  You can pay rent using credit card, should you?

NEW DELHI: Many people have lost jobs or have seen their salaries cut or delayed because of the covid 19 pandemic, thus making it difficult for them to honour financial obligations, including house rents.

Many of them are now looking at credit options to meet such expenses. In this backdrop,, a real estate portal, has launched the 'Pay Rent' platform on its mobile app to facilitate rent transfers using a credit card. The platform will allow users to transfer rent directly to their landlord’s bank account and generate digital receipts instantly.

Speaking about the facility, Dhruv Agarwala, group chief executive, &, in a press release, said, "Rent is probably one of the biggest expenses borne by individuals on a monthly’s 'Pay Rent’ platform will allow users to maintain their liquidity if needed over the next couple of months by using their credit cards for rent transfers as it allows flexibility in repayment." is not the first company to offer such facility., a property listing website without an intermediary, and RentPay, a rental payment facility of UK-based fintech Redgirraffe, also have options of paying rent through credit cards.

Currently, is offering the facility only through its app. Besides credit cards, tenants can also use other modes of digital payments on app such as UPI and debit cards to pay rent.

Should you pay rent through credit card?

Ideally if you are a tenant and facing financial crunch, the first thing to do is discuss the situation with the landlord. Best would be if the landlord allows deferring payments but in case of that option is not available one can look at using credit cards.

Paying off rent through credit cards can help tide over short-term financial crunch, but this relief lasts only a month or 45 days as one will be required to pay credit card dues. Interest on credit card dues, even if availing the EMI facility, is substantial.

Remember, interest rates on credit cards can go up to 30% per annum. Weigh the costs to decide if you really want to opt for the option.

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