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  #21  
Old 18.09.2012, 14:06
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Re: Paying rent with credit card

The numbers will never add up. The only way I can imagine a landlord accepting CC as payment is if there is low demand for rented property. So I expect is fine in some other countries. But I think that everyone can agree that demand is high in Switzerland.
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  #22  
Old 18.09.2012, 14:10
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Re: Paying rent with credit card

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I dont think it is worth thinking about.
The only party that will definitely benefit here is the CC company because they charge at least 2% of the value of each transaction typically to the retailer who sometimes passes the charge on to customer). The points you gain per transaction are only worth 1%. So unless you have a rather daft landlord this will never happen. Further more I would encourage you not to propose this at all to you landlord/agency as they may assume that you are having trouble making payments and decide that they want rid of you ASAP.
What about a service provider does this instead of the landlord. Then the landlord will not lose anything so that they would not have to raise the rent.
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  #23  
Old 18.09.2012, 14:20
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Re: Paying rent with credit card

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The numbers will never add up. The only way I can imagine a landlord accepting CC as payment is if there is low demand for rented property. So I expect is fine in some other countries. But I think that everyone can agree that demand is high in Switzerland.
http://www.toppreise.ch/shop_459.htm...65221&a=274003

For example, microspot.ch is charging 2.5% extra for CC payments, not 5%. I am sure they have some extra profit in this as well.

If you reach a certain number in your customer base, why not to get a better deal? 1000 customers with an average of 2000 franks monthly rent gives you a base of 2million franks monthly. I don't know microspot's turnover, but this initial number tells me that the numbers may add up.
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Old 18.09.2012, 14:34
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Re: Paying rent with credit card

For this too work the value of you airmiles would have to be more that what the CC is charging for the transaction. This hypothetical service provider would have to get a good deal with the CC company, remember that they would need to charge you to cover this cost and to make a profit.
So if your airmiles are worth more than the 2.5% from the service then this might just work. But is probably not possible and maybe not legal
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Old 18.09.2012, 14:38
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Re: Paying rent with credit card

Ok let me tell you where I'm at...

I'M OUT!



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Old 18.09.2012, 14:45
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Re: Paying rent with credit card

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For this too work the value of you airmiles would have to be more that what the CC is charging for the transaction. This hypothetical service provider would have to get a good deal with the CC company, remember that they would need to charge you to cover this cost and to make a profit.
So if your airmiles are worth more than the 2.5% from the service then this might just work. But is probably not possible and maybe not legal
Thank you JoMiFa. With this we come back to my original question; is there a service provider in Switzerland that I can use to pay my rent with my credit card?

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Old 18.09.2012, 14:46
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Re: Paying rent with credit card

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Thank you JoMiFa. With this we come back to my original question; is there a service provider in Switzerland that I can use to pay my rent with my credit card?


NO!
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  #28  
Old 18.09.2012, 14:48
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Re: Paying rent with credit card

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Ok let me tell you where I'm at...



cheers mate, we got that a while back.

Luckily, 190,000,000 search results in Google tells me that not everybody thinks the same as you.
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  #29  
Old 18.09.2012, 14:51
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Re: Paying rent with credit card

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NO!
What are you trying to do mate? I am trying to be polite, but you are pushing my limits.

You don't like the idea, then bugger off. Don't put your dirt in to the thread.
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  #30  
Old 18.09.2012, 14:54
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Re: Paying rent with credit card

I bet someone will start another thread about trying to pay credit card bills with a credit card, lol.
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Old 18.09.2012, 14:58
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Re: Paying rent with credit card

If you can get one of these "service provider"s to do this and get your landlord to accept (or do it without Landlord knowing) AND the fees are less than the value of the flights....
You will be lucky if you break even.

Fly home with Easjet instead. You wont have to challenege yourself to spend 10s of thousands of pounds per year to get an extra "free" flight.
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Old 18.09.2012, 15:01
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Re: Paying rent with credit card

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What are you trying to do mate? I am trying to be polite, but you are pushing my limits.

You don't like the idea, then bugger off. Don't put your dirt in to the thread.
Just trying to tell you it doesn't exist, but you don't seem to get it!

What you're talking about is free money, free money doesn't exist! Get it?!?!
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  #33  
Old 18.09.2012, 15:04
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Re: Paying rent with credit card

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If you can get one of these "service provider"s to do this and get your landlord to accept (or do it without Landlord knowing) AND the fees are less than the value of the flights....
You will be lucky if you break even.

Fly home with Easjet instead. You wont have to challenege yourself to spend 10s of thousands of pounds per year to get an extra "free" flight.
Thanks,

In terms of the cost, this is a payment I have to make every month anyways. My initial idea was why not to benefit from that.

Also, I am not attached to any airline,of course I can use my miles for easyjet as well and it is the beauty of it.

Even though there are several service providers in US,etc., I could not locate one in CH. It is a shame though, it would have been nice to have it.
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Old 18.09.2012, 15:07
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Re: Paying rent with credit card

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I bet someone will start another thread about trying to pay credit card bills with a credit card, lol.
That at least I could maybe understand! It's called balance transfers and credit card companies do it / used to do it for a small upfront fee and the potential to earn a good rate from the borrower.
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  #35  
Old 18.09.2012, 15:09
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Re: Paying rent with credit card

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Certainly. However, I believe it is a matter of negotiation, isn't it? We can even share the fee as well.
I think you'd find that the fee _far_ outweighs the value of any air miles you earn on the transaction.
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  #36  
Old 18.09.2012, 15:10
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Re: Paying rent with credit card

I can only echo what Love Doctor says. Free money doesnot exist. CC companies are not daft they will alway make profit.

On a side note. What credit card do you have? I would love to collect airmiles for easyjet.
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Old 18.09.2012, 15:16
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Re: Paying rent with credit card

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Ok, you don't want such a service, fine don't take it. nobody is forcing you mate.

I am in favor of it and would appreciate if you have some constructive approach.

My idea might seem rubbish to you. Sorry to hear, but I can not do anything about that.

But here are some more detail on the subject. If you are a service provider with some considerable amount of customers, then you can negotiate with the banks for better fees, not necessarily 5%. You can even make an agreement with some specific bank to promote their credit card in return for some discount. Also, I am not suggesting to keep the money on interest, but rather make use of the money like investments, currency trades, low-risk shares,etc. Isn't this what banks are doing anyways?

This is just an idea, maybe the numbers will not add up, who knows but it is no excuse not to talk about it.
Just think about it. All those freebies the CC company is giving you. Are they giving those to you because out of the goodness of their hearts the stockholders are agreeing to less profit, or is the CC charge (footed by the trader) paying for that?

All of these schemes are ultimately being payed for by the customer. Be they Cumulus or air miles. They are basically an insult to the customers who don't have them as the message is clear that they are being overcharged so that the shop can give away this feel good stuff.

So maybe if you go back to your landlord and ask him if you can pay by CC and in return he can increase the rent by 5%, he might be more positively inclined.
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  #38  
Old 18.09.2012, 15:21
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Re: Paying rent with credit card

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I can only echo what Love Doctor says. Free money doesnot exist. CC companies are not daft they will alway make profit.

On a side note. What credit card do you have? I would love to collect airmiles for easyjet.
Unfortunately, it is not from Switzerland.

On the other subject, I disagree free money does exist, but not for all. The real question is who pays the cost. For example, you buy shares of a company today from 10dolars and tomorrow lets say you sell it for 12 minus 1 dollar transaction fee and you make a pure profit of 1 dollar. So what makes it not free?
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Old 18.09.2012, 15:23
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Re: Paying rent with credit card

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Unfortunately, it is not from Switzerland.

On the other subject, I disagree free money does exist, but not for all. The real question is who pays the cost. For example, you buy shares of a company today from 10dolars and tomorrow lets say you sell it for 12 minus 1 dollar transaction fee and you make a pure profit of 1 dollar. So what makes it not free?
That's not free money. That's a profit on a risk you took. You might just as easily have lost 2 dollars.
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Old 18.09.2012, 15:24
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Re: Paying rent with credit card

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All of these schemes are ultimately being payed for by the customer. Be they Cumulus or air miles. They are basically an insult to the customers who don't have them as the message is clear that they are being overcharged so that the shop can give away this feel good stuff.
When I don't pay it with CC, are they any cheaper? no. so why not benefit from that.
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