Rent Payment Charges on Credit Cards in India:
A Guide for Cardholders
Discover the basics of using your credit card to pay rent in India. Learn about fees, including cash advance charges and merchant fees, so you can make informed choices. Keep in mind that some banks may charge customers for rent payments, so it's essential to be aware of any additional costs. Whether you're a seasoned cardholder or new to credit, this guide breaks down the essentials, helping you navigate rent payments with ease.
| Issuer | Rent Payment Charges | Rewards on Rent | Milestone Eligibility? |
|---|---|---|---|
| AU Bank | First transaction in a month: No Charges Second transaction onwards: 1%+GST |
No rewards on rent payments except for Zenith+, Ixigo card. | Yes |
| Axis Bank | 1%+GST | Rewards are applicable for Magnus, Reserve, Burgundy Private, and Atlas but may not always be available. | No |
| Bank of Baroda | 1%+GST | Rewards are available, but at a reduced rate. Rent is categorized under a special Merchant Category Code (MCC). | Yes |
| Citibank | 1%+GST | Regular rewards as per the card offering. The Citi Rewards 300 RP bonus rewards are not applicable for rent payments. | Yes |
| HDFC Bank | First transaction in a month: No Charges Second transaction onwards: 1%+GST |
None | Yes |
| HSBC | 1%+GST | Regular rewards as per card offering except for Cashback card | Yes |
| ICICI Bank | 1%+GST | Regular rewards as per card offering | Yes |
| IDFC First Bank | 1%+GST | Reduced rewards at 3X RP for LTF cards | Yes |
| IndusInd Bank | 1%+GST | 0.7% for Platinum Rupay, 0.7% RP for other cards | Yes |
| Kotak Mahindra Bank | 2%+ for White,1%+GST for others | Regular rewards as per card offering | Yes |
| RBL Bank | 1%+GST (Only 1 transaction) | Regular rewards as per card offering | Yes |
| SBI Card | Rs.199 + GST | Rewards only for Vistara SBI cards | Yes |
| Standard Chartered | 1%+GST | 2% for Ultimate, 2% for SC Smart. Regular Rewards for other variants | Yes |
