Virtual credit cards are generally a free of cost service that the banks offer their customers.
A. The easiest way to pay rent is using credit cards. In this nothing is debited from your bank account. Instead the money is paid via the available line of credit. Rent payment through credit card is easy and just a few clicks away when it is linked to your UPI enabled app. Now you know how to pay rent through credit card.
When you use a credit card to pay rent, follow this -
A virtual credit card is usually offered free of cost to the customers.
A. Yes, you can earn reward points on your rent payment using credit cards. These earned points can be seen on the credit card statement. You’ll receive the statement monthly on your registered email ID. It means paying rent can be beneficial for earning more rewards with a credit card.
Virtual credit card does not come in a physical copy, that is, it is meant for digital use only.
Kotak Mahindra netc@rd is a one-time use virtual credit card which comes with a validity of 48 hours.
A. Your credit score won’t be impacted when you pay rent with your credit card. But if you don’t pay the credit card bill after paying the rent with your credit card, surely it will be affected negatively.
A virtual credit card is a free digital credit card, which is designed to make your online purchases smooth and secure.
A virtual credit card was especially designed to counter the risks that come with a traditional credit card.
A virtual credit card is free.
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.