How to Pay Rent Through Credit Card and Earn Cashback or Rewards

Paying rent is a significant monthly expense for most people. But did you know you can pay rent through a credit card and earn cashback or rewards in the process? Yes, you read that right. By using credit cards appropriately, you can convert a mandatory expense into a rewarding opportunity. In this article, we’ll explore how to pay rent through credit card and the benefits you can reap, especially if you use co-branded credit cards offered by Bajaj Finserv in collaboration with RBL Bank and DBS Bank.

Why Pay Rent Through Credit Card?

Paying rent through a credit card offers numerous benefits, including convenience, flexibility, and the opportunity to earn rewards. Here’s a closer look at why it’s a good idea:

1. Convenience and Flexibility

One of the primary reasons to pay rent through a credit card is the convenience it provides. Transactions are faster, and your rent payment is instant, which can be a lifesaver if you’re running close to the due date. Additionally, credit cards offer flexible repayment options, allowing you to manage your finances better.

2. Earn Cashback or Rewards

Many credit cards provide rewards in the form of cashback, points, or discounts on various transactions. By paying rent through your credit card, you can earn these rewards on significant monthly expenditures. This means your rent payments can actually contribute toward accruing points that can be redeemed for various perks.

3. Build Credit Score

Regular and timely payments made through a credit card help in building and maintaining a healthy credit score. This is a crucial factor for future financial opportunities, including loans and mortgages.

Bajaj Finserv RBL Bank and DBS Bank Co-Branded Credit Cards

Among the various credit card options available in the market, Bajaj Finserv’s co-branded credit cards with RBL Bank and DBS Bank stand out due to their comprehensive reward programs and customer-centric features. Let’s delve deeper into what these cards offer and how to apply for them.

Benefits of Bajaj Finserv RBL Bank Credit Card

1. Rewards on Every Spend:

The Bajaj Finserv RBL Bank Credit Card lets you earn rewards on every transaction. Whether it’s dining, shopping, or utility payments, you accumulate points that you can later redeem for gifts, vouchers, or statement credits.

2. Exclusive EMI Options:

You can convert high-value transactions into easy EMIs, making it simpler to manage large expenses without affecting your cash flow.

3. Annual Fee Waiver:

The card also provides an annual fee waiver if you achieve a certain annual spending threshold, effectively making the card free for high spenders.

4. Fuel Surcharge Waiver:

If you frequently spend on fuel, this card offers surcharge waivers, translating into significant savings over time.

5. Access to Airport Lounges:

Frequent travelers can benefit from complimentary access to domestic airport lounges, providing a luxurious travel experience.

How to Apply for Bajaj Finserv RBL Bank Credit Card

Applying for this card is straightforward. Follow these steps:

1. Eligibility Check:

Ensure you meet the eligibility criteria, which typically includes age, income, and credit score requirements.

2. Documentation:

Gather necessary documents such as ID proof, address proof, and income proof.

3. Online Application:

Visit the Bajaj Finserv or RBL Bank website and navigate to the credit card section. Choose the Bajaj Finserv RBL Bank Credit Card and fill out the application form.

4. Verification and Approval:

Submit your application and wait for verification. Once approved, you will receive your credit card within a few business days.

Benefits of Bajaj Finserv DBS Bank Credit Card

1. Accelerated Rewards:

Earn accelerated reward points on specific categories like groceries, dining, and entertainment, helping you rack up points faster.

2. Welcome Bonus:

New cardholders are often greeted with a welcome bonus, adding extra value to their first few transactions.

3. Milestone Benefits:

Achieve spending milestones to receive additional rewards or cashback, incentivizing higher spending in a structured manner.

4. Contactless Payments:

Enjoy the convenience and security of contactless payments, speeding up transactions without compromising safety.

5. Low Foreign Markup:

For international travelers, the low foreign currency markup fee is a significant benefit, making overseas transactions more affordable.

How to Apply for Bajaj Finserv DBS Bank Credit Card

To apply for this card, follow these steps:

1. Eligibility Check:

Similar to the RBL variant, check if you meet the required age, income, and credit score criteria.

2. Documentation:

Collect documents including proof of identity, residential address, and income.

3. Online Application:

Head to the Bajaj Finserv or DBS Bank website, find the Bajaj Finserv DBS Bank Credit Card application form, and fill in the necessary details.

4. Verification and Approval:

Post submission, your application will go through a verification process. Upon approval, your card will be dispatched to your address.

Additional Info: The Bajaj Finserv App offers quick access to financial services, simplifying mobile finance management. Before using, check your device’s compatibility and review the app’s terms for a seamless experience.

Conclusion

Paying rent through a credit card can be a clever financial strategy, especially when utilizing co-branded credit cards like those offered by Bajaj Finserv. These cards not only simplify your rent payments but also provide an array of benefits, from reward points and cashback to milestone bonuses and exclusive perks. By following the easy application process outlined above, you can start enjoying these advantages immediately. Take control of your rental expenses and transform them into rewarding opportunities today.