Apartments that Accept Credit Card for Rent

Related does.
relatedrentals.com

I think it is only Related that does this.

Related also takes Visa now.

I think Moinian was the first to do this - I'd check if they still do. The Atelier is one of theirs.

ali r.
DG Neary Realty

The Marc. (D. Ellison manages)

Why rent when you can rent the money to rent?

Thank you, Alan.

If you don't have the cash to write a CHECK for the rent each month and need to rely on a credit card, you probably can't afford the apartment in the first place.

There are some things that should never go on a credit card. This is one of them.

just pay off the balance each month and get whatever incentive your credit card offers. I put everything I can on my credit cards.

And hoes. I should know. I'm a tomato farmer.

"just pay off the balance each month and get whatever incentive your credit card offers."

Sure.

THAT'S what they're doing.

And everyone has 8 years' worth of living expenses sitting in their savings accounts, no one pays full retail for anything, and money grows on trees.

If you can't pay it off monthly don't put it on a credit card. but it's stupid to say it's never appropriate.

It's also stupid to assume everyone's paying off their credit card balances every month.

I am a person who charges a credit for everything, I'd love to pay my rent with a creditcard too. It simplifies my finance management, all of my expenses are coming through a single source.

It's also stupid to assume that no one took ever cash from a credit card to pay off the rent.

Totally with ar on this.

Matt, where did I once indicate that everyone pays off thebalance? like darkbird I find it simplifies things to have as much as possible paid through a single source. I don't order checks often

Oh, money, money, money! The Frankenstein Monster that destroys souls!

Matt, you really are a doccia

i get 2%+ cashback on my credit card so if I paid $3000/month in rent on my CC, I'd get $720 back a year. That's not a completely insignificant perk.

But Matt is a Nobel prize winner in economics for his ground breaking theory about having no money.

I pay everything on credit card and pay it off each month, too, for the combination of 2% cash back and simplicity of it. That said, the cynic in me wonders whether the credit card transaction fees (normally more like 4%) are built into the price of the rentals where credit card payment is allowed. So could you rent a $3,000 apartment for $2,885 with another management company?

It isn't like going to a retail store, where they all have agreements with the credit card companies. You're comparing a building that has voluntarily taken on a ~4% expense versus one that hasn't. Are there any big savings that would offset the drain of this expense?

with the points you could earn paying your rent via credit card you could pick up a free flight or two... not really a bad deal so long as you're not financing your rent

Visa/MC more like one and a half percent on normal retail. I wonder if some enterprising sales guy from credit card co made a special deal for some bigger mgmt companies because of high dollar value of transaction plus virtually zero chance of fraud or other loss.

"i get 2%+ cashback on my credit card so if I paid $3000/month in rent on my CC, I'd get $720 back a year. That's not a completely insignificant perk."

Assuming people who do this NEVER carry a balance.

Otherwise, financing your rent at 18% for 2% cash back is insane.

matt, duh. nobody ever said that was a good idea. it's not.

The best thing about rewards cards is that poorer credit-card users subsidize the rewards of richer credit-card users (their issuance and use are correlated with wealth/income) ... and of course non-credit card users subsidize all credit cards users through higher consumer prices, but they subsidize rewards cards much more

... because (yes, it's true!) the credit card companies levy a higher merchant fee on a transaction that is done with a rewards card than on a regular card. And the merchant has no choice in the matter.

But I also charge up my card and pay in full each month. I wasn't approved for cash.

Higher consumer prices? Do you think counting change and accepting bills doesn't take time?

"Higher consumer prices? Do you think counting change and accepting bills doesn't take time?"

Seriously?

You really don't get this?

great idea if you pay off your entire bal every month. bad idea if otherwise.

I also put everything I can on my Amex, which you HAVE to pay every month. So its EXACTLY like writing a check...only 30-60 days later. And you get frequent flier miles, enough in my case for a free round trip business class ticket to Australia. Definitely worth it.

The Amex points were ginormous when I lived in a related building. It was a very nice perk and easier to deal with. Related also had a free Amex platinum perk, which is great for frequent travellers. The Amex gets paid off each month, so there's no risk of incurring financing charges.

1. Some people rent apartments here but are not citizens. Assets stay outside the country. Everything goes on the card.

2. Matt, you don't know anyone who has a black card? Massive spending every month, and the balance is paid off every month.

Look at Amex's finances and you'll see their target market is higher end. High end stores buy the member list, send out thousand dollar giftcards to their list of black card members, because nothing in their store costs just one thousand.