It is necessary to pay the rent of the house or office on the due date. Whether there is money in your pocket or bank account or not, rent has to be paid. Many times we do not have money in our bank account, then we start thinking that how will we pay the rent this month? Do you know that through Paytm, you can also pay the house rent to your landlord through your credit card?
However, an additional charge of 1.75 percent has to be paid for paying the rent with a credit card through the Paytm app. But you also get cashback or reward points. For example, on a rent payment of Rs 10,000, you will have to pay Rs 10,175. However, there is no extra charge for paying rent through UPI, debit card, and net banking.
The rent payment process on the Paytm app
1. First update the Paytm application.
2. Open the Paytm app and go to the Recharge & Bill Payments section.
3. After this, in the sub-section on Pay Your Home Bills, you will see the option of Rent Via Credit Card.
4. Click on Rent Via Credit Card.
5. Now enter the bank account details or UPI ID of the landlord/beneficiary.
6. After this enter the rent amount.
7. Now select credit card in payment mode.
8. You can also pay through UPI, Debit Card, Paytm Wallet, Paytm Postpaid, and Netbanking.
9. The amount of rent will be deposited in the bank account of the landlord/beneficiary.
Benefits of paying the rent with a credit card
>> You can save your cash by using a credit limit. Credit card dues are usually paid after 45-50 days. In this way, you can earn something by investing the rent money somewhere.
>> You can convert the transaction done through a credit card into EMI. This means that you can also pay the rent through EMI.
>> Cashback or reward points are also available on transactions done through credit cards.
