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Bloomberg Quint

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Paying Rent Via Credit Card: Does It Make Sense?

  • Paying rent with a credit card helps build your credit score and earn rewards like cashback, but it comes with other financial implications.
  • Advantages include earning rewards and cashback, cash flow flexibility, credit score improvement, and convenience of digital record keeping.
  • Disadvantages involve transaction fees, potential tax scrutiny due to large expenses, and possible landlord acceptance issues.
  • It's crucial to weigh the pros and cons carefully to ensure benefits exceed fees and to avoid accruing unnecessary debt by overusing credit cards.

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