How to pay your house rent with your credit card using the Cred app

Credit Card payment app Cred rolled out the RentPay feature that allows users to pay their monthly rent via Credit Card. The service works directly through the Cred app, increasing financial confidence for creditworthy individuals

By paying rent using their credit card, individuals can free up cash, enjoy the interest-free credit period, and earn reward points on credit card spends. Upon paying their credit card bill, members will also receive Cred coins to spend on products, services, and experiences from Cred partners equivalent to the transaction value of rent.

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Here is how you can pay your rent step-by-step using the Cred app.

Step 1: Open CRED app, and select RentPay

Install Cred and sign up, if you haven’t already. Once you’re all set up, find and move to the RentPay option within the app.

Step 2: Enter rent amount to be paid

Enter the amount of your rent that needs to be paid in the column provided. Note that this will not be the final amount that is deducted from your credit amount since you’ll also have to provide a small percentage of service charge.

Step 3: Click on ‘Proceed with credit card’

Choose ‘Proceed with credit card’ and proceed to pay your rent directly from your credit card.

Step 4: Enter the Landlord’s name

Now you will need to enter the details of your landlord. Let’s start by entering the name of your landlord in the column.

Step 5: Enter the Landlord’s bank account details or UPI Address

Now, we will proceed to enter the banking details of your landlord so your rent money can be transferred to their account. You may either enter the complete bank account details of your landlord here or enter their UPI address.

Step 6: Enter your own address and proceed to payment

Enter your own address in the column provided. Once this is done, you can click ‘Proceed to Payment’ and complete the final step of paying your rent via Cred.

Cred introduces new RentPay and Stash services for creditworthy individuals

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Cred introduces new RentPay and Stash services for creditworthy individuals

Note that members can avail Cred RentPay at a small transaction fee that will range from 1 percent to 1.5 percent, depending on the member’s credit card network. Over time, Cred will also enable members to set up auto-pay for timely payments.

Faqs

CRED offers an easy and quick payment process to make credit card bill payments. you can make payment using a debit card, net banking, or via UPI. seamless, isn’t it? undoubtedly and to reward you, CRED first-time users get instant ₹200 cash-back on bill payment.

Some popular names include The Man Company, Man Matters, Epigamia, Damensch, ixigo, and Vahdam Teas. Additionally, brands like Farmizen, Acme Corp, Neeman’s, Supp, and Parentlane also accept CRED Pay and CRED Coins. All merchant partners are listed in the CRED Pay section in the app.07-Jan-2021

– install the CRED app from the Google Play or Apple App Store.
– as soon as you install the CRED app, sign up using your credentials.
– click on the CRED rentpay option in the app.
– next, enter the rent amount.

Yes, banks may levy a processing fee in case a credit card is used to pay the rent.

Log in to your CRED account through the app. Under the ‘Cards’ tab, choose the card/cards whose bill you wish to pay. The bill amount as well as minimum due etc. will be displayed on-screen. Click on ‘Pay Now’ and enter the amount you wish to pay.

CRED app’s rent pay feature lets you pay your house rent using the credit card option in a jiffy. the app allows the tenants to pay their monthly rent using the credit card with the amount transferred to the landlord’s bank account directly with no further delay.12-Aug-2021

Conclusion

“Credit Card payment app Cred rolled out the RentPay feature that allows users to pay their monthly rent via Credit Card. The service works directly through the Cred app, increasing financial confidence for creditworthy individuals.”