This guide explores the top 10 rent payment apps in India that allow you to pay rent using a credit card.
Rent payments are often one of the biggest expenses tenants face each month, and with the rise of convenient digital solutions, paying rent has never been easier.
Today, several apps allow tenants to pay rent using credit cards, making it possible to earn rewards, enjoy cashback, and manage finances with ease. These apps not only simplify the payment process for tenants but also provide landlords with a streamlined way to collect rent.
By offering tenants the option to pay with credit cards, landlords can speed up rent collection, reduce late payments, and maintain better financial records.
It’s important to note that using a credit card to pay rent should be approached with caution. Tenants should opt for this method only if they are confident in their ability to settle the bill on time, as failing to do so could lead to accumulating debt.
Additionally, many banks have implemented fees to discourage credit card payments for rent, so always be aware of these potential costs.
This blog will cover the top 10 apps available for paying rent with credit cards, including their fees, potential charges, and tips for making informed decisions.
List of Top 10 Best Rent Payment Mobile Apps in India
1. Crib
Crib is an all-in-one property management solution designed to make rent payments hassle-free for tenants and landlords. This user-friendly and affordable app allows tenants to pay their rent online using various payment methods. Here’s a look at some of its standout features:
Automatic Rent Collection: With Crib, you can automate the collection of rent payments. This means you can focus on other important matters while ensuring that you receive your dues on time.
Multiple Payment Options: Crib offers multiple payment options, including UPI, bank transfer, net banking, credit card, and debit card, providing flexibility and convenience for tenants.
Payment Reminders: With Crib, you'll never have to worry about missed payments. The app automatically sends reminders to tenants via WhatsApp and SMS so that they are informed and prepared to pay their rent on time. The message includes a payment link that makes it convenient for them to make the payment on the go.
Banking Features: Crib provides advanced banking options, allowing you to collect payments from multiple banks. The app offers instant settlements for quick access to funds and automated reconciliation for effortless tracking of your transactions. This way, your financial records are always accurate and up to date.
Financial Reporting: Get a clear view of your rental business with Crib’s detailed analytics and reports. This feature helps you track your rental income and expenses, providing insights that can help you make informed decisions.
Tenant Portal: The platform offers an easy-to-navigate tenant portal where tenants can pay rent, submit maintenance requests, and access important documents.
Crib makes sure your transactions are safe with strong encryption and authentication. You can manage your finances with confidence, knowing your information is protected.
The best part? With Crib, you get access to an entire suite of features, from maintenance management to tenant communication, making it a comprehensive tool for all your property management needs.
2. PhonePe
PhonePe is one of the leading digital payment platforms in India. It offers a seamless integration with UPI, which allows for quick bank-to-bank transfers.
With a user-friendly interface and a focus on speed, PhonePe simplifies the payment process for various transactions, including rent payments. It offers incentives like cashback and rewards, making it an attractive choice for users.
Features:
PhonePe allows users to make payments using American Express credit cards. This feature is not available on many payment apps.
Users can set up automated payments for rent and other recurring bills, ensuring timely payments without the hassle of manual intervention.
The app includes features that allow communication between tenants and landlords, enhancing transparency and ease of interaction.
3. Buildium
Buildium is a comprehensive property management software designed to streamline the tasks of landlords and property managers. It simplifies the management of rental properties, making it easier to handle everything from rent collection to lease management.
Buildium provides two dedicated apps: one for tenants to manage their rent payments and requests and another specifically designed for property managers and the resident centre.
Features:
Buildium can cut down payment processing time by up to 70%.
Buildium comes with benefits like ACH (Automated Clearing House) payments and electronic signatures for convenience in managing rent and leases.
The online portal for tenants is user-friendly and easy to navigate.
Buildium comes with automated electronic payments and tracking tools that enhance financial visibility.
Using Buildium, tenants can make rent payments using electronic checks processed through the ACH network.
4. CRED
CRED is primarily a credit card management app that rewards users for making timely credit card payments. In addition to rent payments, it also allows users to handle various other transactions, including bill payments, insurance, and investments. By using these services, people can earn CRED points, cashback, and other rewards.
To access the CRED RentPay feature, simply download the CRED app and apply for the service.
The app offers an engaging digital interface and intuitive user experience. It provides personalised suggestions tailored to each user's financial habits, enhancing overall usability and helping users make informed decisions.
Features:
CRED allows for automated payments, including recurring rent payments, so that transactions are made on time.
Users receive visual reports that help them monitor their cash flow and see exactly where their money goes.
CRED notifies users about their fund availability before important payments are due, helping them avoid any missed payments.
With CRED, user data is protected according to international security guidelines.
The app includes tools that allow users to monitor and improve their credit scores. This helps them manage their finances effectively and gain a better understanding of their financial health.
5. RedGiraffe
RedGiraffe is a well-known rent payment app that has carved a niche for itself in the real estate and rental sector. It was one of India's first platforms to offer this service and is quite famous for its low processing fees.
The app integrates with multiple banks, providing a seamless experience for users.
Features:
When customers use RedGiraffe's RentPay platform with a credit card, they earn RedGirraffe CASH Points equal to 5% of the transaction amount, capped at 3,000 points per month. Each point is worth Rs. 1.
Users can also earn RedGirraffe CASH Points of 3.5% on their total monthly transactions when they use a debit card, with the same cap of Rs. 3,000 per month.
Users get access to a personalised dashboard that helps manage their transactions effectively.
If the rent exceeds Rs. 20,000, users have to upload their rent agreement for verification.
The app generates automated pre-filled rent receipts, making it easy for users to keep records.
RedGiraffe charges a minimal fee of 0.39% on transactions, making it one of the most cost-effective options available.
6. PayZapp
PayZapp is a versatile and user-friendly payment app developed by HDFC Bank that lets users pay rent through a credit card. It is also accessible to non-HDFC customers. In addition to rent payments, users can pay for various services, including utility bills and mobile recharges.
Features:
Once you add a biller to PayZapp, you won’t need to do it again. The app will notify you when new bills are generated.
PayZapp allows users to pay rent through platforms like RedGiraffe and NoBroker and earn bonus points/cashback on their transactions.
The app includes a passbook feature that tracks all your transactions, making it simple to review your payment history.
7. Freecharge
Freecharge, a digital payment app by Axis Bank, is a versatile financial tool that allows users to pay rent and utility bills, recharge mobile phones, and conduct online transactions. With a user-friendly interface and fast transaction processing, Freecharge makes rent payments simple and efficient.
Features:
Freecharge uses bank-grade encryption to ensure that all transactions are safe and secure.
Users can easily transfer rent from their credit card to their landlord's account by entering a few simple details.
Users can add up to three landlords at a time and transfer up to Rs. 2 lakh in rent daily.
Users can earn up to 3% reward points when paying rent with an Axis Bank credit card.
Based on the user's credit card scheme, Freecharge provides cashback and reward points for rent payments
8. NoBroker
NoBroker is a real estate platform that lets users buy, sell, and rent properties without involving any intermediaries. Using the NoBroker Pay feature, users can pay rent and society maintenance fees directly through the app.
It supports major credit cards like Visa and Mastercard, allowing users to earn rewards and cashback on their transactions. Additionally, users can receive a 50% discount on processing fees if they refer someone to the platform.
Features:
Landlords receive the rent within two working days of initiating the payment.
Users immediately receive a payment receipt on their registered email ID, helping them keep track of their expenses.
Tenants can pay their rent in instalments, making it easier to manage cash flow.
Users can easily manage rent payments, property searches, and maintenance tasks all within the NoBroker ecosystem, making everything more convenient.
9. ePayRent
ePayRent is a platform that connects landlords and tenants, making the rent payment process simple and efficient. It allows users to handle several payments using credit cards, including rent, utility bills, maintenance fees, hostel fees, and deposits.
ePayRent aims to enhance customer experience and support for property management companies, landlords, and individuals across the country.
Features:
Users receive rent payment receipts immediately via email, which can be used to claim HRA exemptions.
Tenants can earn reward points for rent payments made through ePayRent, which can be redeemed for various benefits later.
The platform's robust software can be customised for different property types, providing tailored features and improved management.
10. BharatNXT
BharatNXT offers a simple and efficient way to manage rental payments using credit card transactions. It’s a convenient solution for handling various rental expenses, from monthly rent to maintenance fees and security deposits.
Using BharatNXT, users can make payments for various rental needs, including residential properties, rental deposits, lease agreements, storage units, and vacation rentals.
BharatNXT offers competitive rates for rent payments, starting at 1.35% and potentially lowering to 1.25% during special promotions.
The platform is accessible to many users since it does not require a credit check to use its services.
Users can earn cashback rewards of up to 3% on their rental payments.
These rent payment apps provide a convenient and secure way for renters and landlords to handle transactions. They simplify the rent payment process, allow users to pay rent using credit cards, and enhance financial management so that people can track their transactions and stay organised.
Now, let’s understand the advantages of using a credit card to pay rent.
What are the Benefits of Paying Rent with a Credit Card?
Here are some key advantages of paying rent with a credit card:
Cashback Offers
Many banks and e-commerce platforms provide cashback offers when you pay rent with your credit card. This means you can earn money back on your payments, making it a rewarding experience.
Earning Reward Points
Paying rent with a credit card allows you to earn reward points. These points can be redeemed later for various benefits, such as discounts, gift cards, or travel perks.
Interest-Free Credit Period
When you use a credit card to pay rent, you often get an interest-free credit period of up to 40- 45 days. This gives you extra time to pay your bill without incurring interest charges.
Building Credit History
Regularly using a credit card and making timely payments can help build your credit history. A favourable credit history is essential for future loans and credit applications.
Simplified Payment Setup
Most rent payment platforms use innovative and advanced technology to provide a smooth payment and processing experience. With just a few easy steps, users can quickly set up their account by entering the landlord’s details. After the initial setup, you can even automate your monthly rent payments (if supported by your credit card issuer).
Meeting Spending Limits
Many people in India find it difficult to meet their annual spending limits. Using a credit card for rent payments can help with this, making it easier for people to reach their yearly targets.
Automatic Payments
Many credit cards allow users to set up automatic payments for recurring expenses, including rent. This feature helps ensure that payments are made on time without manual intervention.
How to Pay Rent Safely Using a Credit Card?
When paying rent with a credit card, it's essential to prioritise security to protect your financial information. Here are some tips for safe transactions:
Use Trusted Sites: Always make payments through reputable websites or apps. Look for secure connections indicated by "https://" in the URL.
Choose Two-Factor Authentication: Enable two-factor authentication on your accounts. This adds an extra layer of security by requiring a second form of verification.
Do Not Share OTPs: Never share your one-time passwords (OTPs) with anyone. Banks use OTPs to confirm transactions, and sharing them can lead to unauthorised access.
Avoid Sharing Details on Random Websites: Be cautious about entering your credit card information on unfamiliar sites. Stick to known platforms for transactions.
Contact the Bank Immediately if the Card is Lost: If your credit card is lost or stolen, report it to your bank right away and ask them to block your card to prevent any unauthorised transactions.
Do Not Disclose Sensitive Credit Card Details: Avoid sharing your credit card number, CVV, or expiration date with anyone who doesn’t need it. Be especially cautious over phone calls or messages. Remember, a bank will never ask for such sensitive details.
Always verify the identity of anyone requesting your information, and if something seems suspicious, it’s better to err on the side of caution.
By following these guidelines, you can ensure a safe and secure process when paying your rent with a credit card.
What to Consider Before Making Rent Payments with Your Credit Card?
Before opting to pay your rent with a credit card, it's essential to weigh various factors to ensure it aligns with your financial goals.
Effects on Your Credit Score: Paying rent with a credit card can positively affect your credit score if you make timely payments and keep your credit utilisation low. However, missing payments can lead to increased debt and a negative impact on your score.
Fees Associated with Credit Card Payments: Most rent payment apps impose a convenience fee for credit card transactions, which can differ from platform to platform. Additionally, the card issuer or bank may also charge a transaction fee for this service. Be sure to factor in these costs when planning your payments to avoid any surprises.
Understand Interest Rates: It’s important to know the interest rates on your credit card, as any unpaid balance by the due date can lead to high interest charges. These charges can quickly add up and may outweigh any rewards or cashback you earn.
If you’re using your credit card to pay rent, make sure you’re prepared to pay off your balance on time to avoid accumulating interest on your outstanding balance.
For further details about managing credit scores, fees, and interest rates, you can visit the websites of your rent payment apps or your credit card issuer.
Conclusion
Using rent payment apps with credit cards offers several advantages, such as earning rewards, cashback, and simplifying the payment process. These digital solutions enhance security, ensuring safe transactions for both tenants and landlords.
However, it's crucial to carefully evaluate your options before choosing a payment method. Only opt for credit card payments if you are confident in your ability to pay off the balance on time. By making informed decisions, you can maximise the benefits of these apps while maintaining financial health and avoiding unnecessary debt.
If you're looking for an all-in-one property management solution, Crib is a great choice. It offers multiple payment options, automated rent collection, and advanced banking features—all with enhanced security. Schedule a free demo today to experience Crib’s simplifed rent payments.
Frequently Asked Questions: FAQs
Which app charges the lowest convenience fee?
RedGiraffe offers the lowest convenience fee, charging around 0.39% plus GST per transaction.
Which payment methods are compatible with these applications?
Most apps support various payment methods, including credit cards, debit cards, UPI, and net banking, giving users multiple options for paying rent.
Does paying rent using a credit card affect my credit score?
Yes, paying rent with a credit card can affect your credit score. It helps build your credit history and improve your score if you make timely payments. However, carrying a balance may negatively impact your credit utilisation ratio.
What should I do if there are problems making a rent payment?
If you experience issues during rent payment, first check if there’s an error message or confirmation on the app. Next, contact the app’s customer support for assistance. Most of the rent payment platforms offer multiple support channels, such as helplines, email assistance, and in-app chat support, to resolve your issues promptly.
Are mobile rent payment apps safe to use?
Yes, most mobile payment apps in India are secure and safe to use. These platforms typically use secure payment channels and encryption technologies to protect your personal and financial information. Additionally, many apps require authentication methods, such as UPI PIN or OTP verification, for every transaction.
Is there a fee for paying rent using a credit card?
Yes, most apps charge a convenience fee of around 1-4% when you pay rent with a credit card.
