One of the easiest ways to generate miles and points is to pay your lease on your credit cards. It also brings the added convenience to people like me, who are forever on the road, to not have to remember to remit to our landlords, rather have them get an electronic transfer in their account.
RedGirraffe is one of the pioneering players, who offered C2C rent payments, allowing you to set up your rent payments on your credit cards from HDFC Bank, SBI Card, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank and others. You upload your agreement, the receiving bank account, and your credit card details and they will debit from your credit card every month, including a minimal charge of INR 39+GST for every INR 10000, and then transfer to the bank account of your landlord every month. I have been using them since 2017, and largely satisfied with their service.
Now, HDFC Bank is trying to promote the use of this service to their card user base, and have set up a promotion, where Infinia/Regalia/Business Regalia customers, who set up their accounts for rent debits, will be able to get a cashback if they set up their rent agreements by the end of this month.
You get a flat INR 1000 Cashback on your first transaction through Infinia Credit cards for Rental Payment via SmartPay. You need to set up your rental transactions by
May 31, 2019, June 30, 2019, and the first debit from your credit card should happen by July 31, 2019. Once done, INR 1,000 would be posted to your card account within 45 days of the first rent payment being debited. Details here.
You get a flat INR 500 Cashback on your first transaction through Business Regalia/Business Regalia First/Business MoneyBack/Regalia/Regalia First Credit cards for Rental Payment via SmartPay. The rest of the terms remain as above. Once done, INR 500 would be posted to your card account within 45 days of the first rent payment being debited. Details here/here.
Not just that, for first time SmartPay registrants, you will further get a 5% CashBack for the first 12 months up to a maximum of INR 100/cycle), valid through March 31, 2020.
This is a great opportunity to earn miles on a monthly basis from your credit cards, for a transaction you would anyways make in the first place if you make rent payments. The RedGiraffe HDFC tie-up allows you to pay rent not just for your personal residences but commercial properties too.
Have you used RedGiraffe before? What do you think of rent payment by cards?