So as we all know that , Rent payment via Credit Card has became a boon for all Credit Card holders during empty pocket situation or financial crisis .
But since last year few Credit Card issuers have started to charge Processing fees for Rent Payment done on any platform like PayTM , CRED , FreeCharge , NoBroker , RedGirraffe Etc.
Many Credit Card users gets panic after they check the processing fee that reflect in their Card’s statement , Because they are not really aware about these charges .
Apart from Platform fees now Credit Card issuers have imposed processing fee against any kind of Rent Payments Via Credit Cards in Upcoming Bill which will get added within few days after making transaction .
Just like additional surcharge is being charged for using Credit cards at fuel stations , In the same way additional fees is being charged by Banks Or Card Issuers for using Credit Cards for Rent Payment at any Merchant .
So , the main purpose for this Article on EarticleBlog is to provide you the exact information about these kind of charges that Banks levy on Rent Payments via Credit Card through any Apps/Website .
List Of Card Issuers & Processing Fee Charges For Rent Payment :
Bank / Card Issuer Name | Applicable Charges | Effective From |
Amazon Pay ICICI Card | 1% + GST | 20 OCT 2022 |
Axis Bank | 1% + GST | 05 MAR 2023 |
Bank Of Baroda | 1% + GST | 01 FEB 2023 |
CITI Bank | Awaited | Awaited |
Kotak Bank | 1% + GST | Except White And White Reserve Cards | 15 FEB 2023 |
HDFC Bank | 1% + GST | 01 JAN 2023 |
ICICI Bank | 1% + GST | 20 OCT 2022 |
AU Bank | Awaited | Awaited |
One Card | 1% + GST | 20 FEB 2023 |
RBL Bank | 1% + GST | 01 FEB 2023 |
SBI | INR 199 Per TXN + GST | 17 MAR 23 |
Yes Bank | 0.5% + GST | 10 MAR 2023 |
Amex Card | Awaited | |
Federal Bank | Awaited | |
Punjab National Bank | Awaited | |
Central Bank | Awaited | |
IDFC First Bank | 1% + GST | 03 MAR 2023 |
Bank Of India | Awaited | |
HSBC Credit Card | 1% + GST | 25 JAN 2023 |
IndusIND Credit Card | 1% + GST | 03 JAN 2023 |
Standard Chartered Bank | Awaited | |
Oriental Bank Of Com | Awaited | |
HSBC CashBack Card | 1% + GST | 25 JAN 2023 |
Flipkart Axis Card | 1% + GST | 05 MAR 2023 |
So , Guys we have prepared above list of additional charges by confirming from official sources of Bank and Official Communication which were made to Card Holders in our Friend circle .
If you find any error , Then please notify us by leaving comment on Our Facebook Page .
You can also share this post to your Friends or Family , It’ll also help them to know about these additional charges and they can avoid paying rent Via Credit Card Uselessly .
Final Words :
This post might be helpful to those who were looking for the list of Credit Card issuers which are charging additional processing fee for paying any kind of Rent via Credit Cards . We will bring such more information in future .