New Delhi, Aug. 15 -- Using a credit card for rent payments might seem convenient, especially for those who seek to manage cash flow or earn rewards. However, the convenience can come with significant costs if you are not careful about how you use your card.

Though it's not usual for landlords or PG owners to accept rent payment via credit cards, it still may not be the best choice even if they accept it, due to the extra charges involved, impact on your credit utilisation, among other issues.

Holders must know that using a credit to pay rent may involve additional fees as many landlords and property management companies charge a processing fee for credit card transactions. The same applies for whether you are paying your rent or monthl...