I am not paying rent with my credit card any more because of the fee. In the past I would use my card to pay rent so I could capitalize on the cash back for every purchase. My rent was classified as an ordinary purchase and I earned 2% cash back on it. There is a fee associated with the payment that just makes it no longer worth doing so in 2022. Now the fee generates a cost of $20 more than I make on the cash back from the purchase. It does not make sense for me to lose $20 a month on this transaction so I will pay using an electronic check instead of the credit card.
![rent increase](https://www.howisavemoney.net/wp-content/uploads/2016/08/Rent-Increase.jpg)
The cash back was nice while it lasted, but now it is dead. While it makes life easier to have the card for all purchases, I cannot justify losing $20 every month for something I can control.
While I’m not paying rent with my credit card any longer I’m still using the card for everything else. I will still use the cards for:
- shopping
- utilities
- gas
- groceries
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