Long shot perhaps, but thought would ask. I pay $5500 rent monthly via Zillow ($66k/yr) and I am wondering if there is a credit card I /should use for this which will make financial sense. I currently have robinhood gold with 3% cash back and I think there is no point of that. To make it worth there needs to be done bonus as well. Anyone done something like this?
Best strategy to pay $5.5k/mo rent with 3% fee — any card or churn setup actually worth it?
byu/Realistic-Ad-6734 inCreditCards
Posted by Realistic-Ad-6734
3 Comments
Used to deliver in high rent areas and always wondered same thing. With 3% fee you need at least 4% back just to break even which basically doesn’t exist for rent payments. Most cards cap their higher categories anyway so you’d hit limits quick with that much monthly spend
The signup bonuses might work if you can time them right – like hit minimum spend requirements fast then move to next card. But churning with rent feels risky since you can’t miss payment
Do you live in Manhattan or something? 😂
I imagine the best use cases for something like this would be if you’re aggressively churning cards for the SUBs or if you’re trying to maximize spend to get airline status. For example, $60,000 a year spend on an Atmos Summit Rewards card would get you Atmos Gold, which in turn translates to OneWorld Sapphire. You’d basically be buying airline status for around $2,000, so it would be up to you if those perks would be worth it?
I feel like there’s not a ton of upside here unless you have a SUB you want to hit using this spend (and are willing to eat a ~$160 fee to do so).