subject: Credit Cards May Be The Best Way To Pay Rent [print this page] Whenever it is being permitted by landlords, it's wise to pay for your rent with credit cards. Not only will you have the cash to pay the credit card bill right away, you can get cash back for using your Premium Cards that offer benefit.
The cash back is not the only pro. By using credit cards, you delay your payment by at least 30 days. That allows you to accumulate interest on the money while it's placed into your savings account. The more time you can put off making payments without facing a penalty, you will be in a much better financial position.
This is comparable to how big businesses work. A big vendor for a small company has the ability to ask for payment for goods at once; a small vendor for a large company has to provide goods on the large company's terms. This usually means that the large vendor can wait before paying; it's better to delay payments than to let investments earn more interest of appreciation. American Express will begin to allow card holders to pay their mortgage using their credit cards, earning points along the way.
While this might work for some people, it can be deadly for anyone who cannot afford their mortgage. If the full credit card bill can't be satisfied every month, borrowers will have to face credit interest charges on top of their mortgage interest.
Before you make the decision to go obtain an American Express card, bear in mind that in order to qualify for making mortgage payments through the card, it will be neccessary that the borrower pay an enrollment fee of $395 to the lender. This fee means that it will take longer to make rewards that are earned by utilizing the cards worthwhile. It can take over a year to reap the benefits if the borrower uses American Express Blue Cash.
