How can I pay rent by credit card without incurring any fees?

[sethmachine]

Every month I pay a certain amount of money for rent.

This money so far has come out of checking, but none of my checking accounts offer any bonuses for amounts paid per month.

On the other hand, some of my rewards credit cards offer cash back bonuses, and I have one rewards credit card which raises my checking account's interest to 5.0% if I spend at least $1000 on the credit card per month.

Since my rent exceeds that amount, I'm wondering if there's some way I can pipe the amount from the card, without paying any fees.

Any one know any tricks?

[snafu]

Ask/inform the landlord/rental agent to charge your CC having 1st verified whether there is a fee for that process. Fact is the landlord will be charged a fee by the credit card, you know they charge the vendor for every single transaction.

Why did you choose BOA? Is it your primary financial institution? How much have you paid in bank fees in 2015?

[sethmachine]

I haven't paid any bank fees so far. My primary bank was BoA because that's what I had since I was a kid and I didn't know a lot of about managing finances, and I still don't.

I suppose there's no real legal way to turn credit card credit into a cash or check without paying some kind of fee or risking losing money (e.g. I buy something that costs around $X and then sell it brand new unopened for a tiny markdown). The buy-sell could be profitable as long as the cash back is greater than the difference of the buying price and the markdown price. Does anyone ever do that?

I would ask the landlord except he's very absent and not sure if he would want to deal with credit card charging. It's something I'll probably negotiate when I look for a new rental.

[snafu]

I think it's in your best interest to apply for a CC that offers benefits that meets your current lifestyle than trying to rejig your lifestyle to access CC benefits. If you have a car look for one that offers cash back for gas and groceries/food stores without an annual fee or waves the fee the 1st year. Be ready to change to 'no fee' card by expiry and move on to another.

Loyalty to BOA from childhood isn't necessarily best for you. BOA is famous for smoothly, silently moving service sums from client accounts to their bottom line if you use a chequing account, access savings, transfer sums, use ATMs and pay bills like credit cards on-line.

Perhaps you'd be willing to check out benefits offered by Credit Unions and Electronic banks for small benefits like interest on chequing accounts, rebates on major loans like vehicle/mortgage, and free electronic services. You need to know the services you're most likely to use as CUs don't have as many ATM outlets for example. Electronic banks don't have brick and mortar buildings!

These savings may seem small but when multiplied over 35 years, it adds up significantly!

I hope it's ok to suggest you read 'The Automatic Millionaire' [likely available as an easy, electronic read from your local library] to better understand pitfalls to avoid.

[disneysteve]

BOA is famous for smoothly, silently moving service sums from client accounts to their bottom line if you use a chequing account, access savings, transfer sums, use ATMs and pay bills like credit cards on-line.

Sorry but this simply isn't true.

I've been with BOA for years. In 2015, I have paid ZERO in fees (the same was true in 2014, 2013, etc.). I have a checking account. I use ATMs. I use the mobile app for depositing checks. I pay bills online including credit card bills. We regularly transfer money to and from my daughter's account. None of those activities have any fees associated with them.