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A lot of people find it's important to pay on a credit card especially if you're living month to month, or if you can afford to pay the fees you can get decent
by tylergalpin 12y ago
A lot of people find it's important to pay on a credit card especially if you're living month to month, or if you can afford to pay the fees you can get decent status with your card company.
You're totally right though, $4.95/mo is more likely to happen (or send through your bank). We have some good value add over the bank because we're in the process of letting you build your credit history with successully paid rent payments - something the banks don't offer.
- thenipper 12y agoPaying your rent on a credit card if you're living month to month sounds like it is a recipe for some spiraling out of control consumer debt.
- tylergalpin 12y agoSometimes your paycheck doesn't arrive on time to pay your rent, and paying on a credit card to absorb the fee temporarily is a viable option for some people. Paying with a credit card also isn't a requirement...just an option :)
- kstenerud 12y agoOr get a line of credit. Or overdraft protection. Or in the worst case just take out a cash advance on your credit card for a few days. 3.25% off the top just to pay your rent is insane.
- sliverstorm 12y agoThat was exactly my first thought when I saw this headline. You thought people were racking up crazy credit card debt before... When this baby hits 88 mph, you're gonna see some serious shit.
- dsl 12y agoCan you give some detail on how your merchant account is categorized? It looks like your product is a "cash equivalent" and probably not eligible for rewards points.