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It's the dream. A way of paying rent with your credit card and collecting points on one of life's biggest monthly expenses, without paying any fees. Well, thanks to Stripe, Pay with RadPad, and Android Pay, now you can.
Through the end of 2016, using Pay with RadPad on your Android device and signing up for Android Pay using any credit card you like, you can schedule your rent payments for free.
How to signup and pay rent with Pay by RadPad and Android Pay
Per the instructions on the RadPad blog.
“…simply log into Pay with RadPad from an android device, sign up for Android Pay using the credit card of your choice, and schedule your rent payments”
It's that simple. The deal is available through to the end of 2016, there are no lock-in contracts, and all rent payments are backed by a 100% Rent Guarantee. Payments through Pay by RadPad typically incur a 3.49% fee, which makes paying your rent to earn points and miles typically a poor investment. With no fee, this is fantastic!
Earn Points and Miles paying your rent!
If you rent, this is a deal worth getting onto pronto. Rent is one of the biggest expenses for any household, converting it to points earning spend, even just through to the end of the year, is a win in our books. As this won't fit in any bonus spend categories, the best card to use will be a good everyday spend card.
And finally, strictly for entertainment value using some of the stats from the RadPad website. For the 110 million renters in the US that will pay a combined (roughly) $44 billion in rent at the start of next month. At a point per dollar spent, that would be enough SPG points for 3,444 years at the St. Regis New York (yes, years!).
Final Thoughts
If you are a renter, this is a great promotion to leverage. Paying rent is one of the biggest monthly expenses for any household, and if you can convert it to points earning spend, it will make a significant impact on monthly credit card spend.
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