Rent payments are one of the major expenses for most and the ability to pay rent on credit card gives you free credit period & reward points.
That said, here’s an offer over and above regular rewards on HDFC Bank Credit Cards when you automate your rent payments via HDFC SmartPay. The Rent payment service used by HDFC is Redgiraffe.
Offer Details
- Infinia: Rs.1000 Cashback on 1st txn
- Regalia/Regalia First: Rs.500 Cashback on 1st txn
- 5% Cashback Offer: For the first time SmartPay Registration, you would get 5% CashBack for first 12 months (Max: Rs 100/cycle). Offer valid till 31st March 2020.
- Transaction Fees of 0.39% subject to a minimum of Rs 39/- per transaction shall be applicable for HDFC Bank Cards.
- Offer valid till 31st May’19.
- Source
Bottomline
The Cashback offer on Infinia is quite attractive and on Regalia too its decent. While this may sound good, remember, you can also get 5% on your rent payments with SBI Prime Card.
While there was no upper cap earlier on SBI PRIME, now some do say that SBI started capping these reward points. This is yet to be confirmed though.
What’s your take on HDFC Rent payment offer and how do you usually pay your Rent? Feel free to share your thoughts in the comments below.
Hi Sid, do we know if these are only for new registrations or include users who already make RG payments through our HDFC cards ?
I pay 45k rent on sbi prime and getting 5% without any restrictions. Maybe someone paying higher rent can confirm
Hi , Can you please tell me if any documents are required to register for Standing Instructions for Rent payment like Rental Agreement,etc.?
Please note
5% Cashback Offer: For the first time SmartPay Registration, you would get 5% CashBack for first 12 months (Max: Rs 100/cycle). Offer valid till 31st March 2020.
Is for 1st registration with Smart Pay.
They aren’t giving me this 5% cashback based on my statement. on inquiring they said that my 1st registration was done in 2013, so I’m ineligible
SBI Prime card is better for this
20 points (5%) per 100 and
easier to meet your milestones:
-3L annual Limit
-2 x 500 Pizza hut coupons per 50k per calendar quarter
I don’t think any cap on sbi prime card.. Just yesterday i got 4800 pts for lic auto pay of 24000
6k seems to be the said cap.
I just spoke to SBI CC – they confirmed that monthly capping of 7500 points for all spends (any category) has been in force. Even confirmed the same with my existing card details for a Standing Instruction against my dad’s statement.
SBI Prime has been hugely devalued after this.
The major effect is in Birthday Spends & SI on Utility/LIC where 5% rewards were given without any cap….So now you can spend a max of Rs 37,500 per billing cycle to give only 7500 pts.
That’s very sad indeed. Thanks for sharing the Update.
I could not find any info on SBI upper cap on that.If any changes they usually mention under important messages in SBI statement.
this cap of 7500 is per category or for all categories put together?
I do not find the rent payment option on the Smartbuy portal. Kindly clarify.
You can’t find it in Smartbuy. It’s called Smartpay where you schedule Standing Instructions on Your HDFC bank credit card.
After logging into Net banking / Credit card portal, You will be able to see Smart Pay option under Cards -> Credit Cards -> Enquire -> Smartpay
I was having similar issue.
I created request through this site for HDFC card
Please note your RG number.
RG’s customer care clarifies any queries over the email
With so many people mentioning capping of the rewards points, there could be some merit in it.
However for the moment it has not been enforced it. My statement got generated last night (26th May) and I had made spends worth approx Rs 55k in the bonus 20 reward point category and got around 11k points as per the calculation.
Rent would be due in a weeks time. Let’s see if there’s any cap in the next month. Nothing for now.
Finally got with them on call, here is the capping structure on SBI PRIME:
Category 1 – in this you get 2RP/100 Rs —> No capping
Category 2 – here are the subcategories
1. dining
2. departmental stores
3. groceries
4. movies
In these, you have capping of 7500RP per month. Category 2 is for all those transactions where you earn
10RP/100Rs
Category 3: All standing instructions, where you get 20RP/100rs → No cap.
This is Correct. No cap on 1st category. Paid 2l lic payment + 40k rent. Received points as per.
Indeed, also, 7500 CAP on category of 10RP/100Rs is fine. if you look at the spends for this category, you have to spend 75K to reach the cap, which IMO nobody reaches. (except few)
Hi GauravD,
The standing instructions you mention, are they for utilities alone or all bank transfers?
I do a monthly transfer to my parents bank a/c, would it be possible to set standing instructions on the same and get 5% using the sbiprime card?
Thanks
GeorgeM
Hi. can you share link or official communication from hdfc about this offer?
Updated
SBI Prime had to put a cap……didn’t expect this soon…. The 7500 cap is for entire month…. That’s what the CC told me…. So much confusion, and they have not updated in their website….. Pure chaos and heartbreak…. Some people say 6000 cap….. No story matches… I think he SBI CCs themselves are confused on this
Is it only for non-diners cards? What about Diners Black!!
No cap for sbi prime, last month paid 2L LIC + 40k rent. Thanks Sid and all. Got card post reading the posts.
Will one get 20 RP/100 for making direct rent payment or has to set Standing Instruction (SI) for this?
How to register for SI for Rent?
Hi A2Z, This in SI insrtuction for Rent/Bill.
Hi , Can you please tell me if any documents are required to register for Standing Instructions for Rent payment like Rental Agreement,etc.?
Hi all,
Is 20RP valid for prepaid electricity meter recharge ? I have this in addition to rent .
Thanks for sharing this and I am planning to take this up. I have a query. Do we also get reward points in hdfc regalia first (4 points for every 150 spent) – for the rent amount apart from the above said offers? Also I have amex mrcc, can I use it or red giraffe is tagged as utilities by amex and no points will be received?
Karthik,
I checked yesterday, amex is not supported by redgirrafe.
I registered on Redgiraffe with hdfc link, and on that i mentioned end date for the rent eg oct as rent gets renewed after that , after the rent amount gets renewed do i have to again register on that link or i can change it somewhere
Do they ask for any documents like Rental Agreement,etc. to register for Standing Instructions for Rent Payment?
Yes, rental document is needed. Just upload a scan copy of the same. Infact i uploaded only the front page of my rental doc since my rental agreement was due for renewal since last 4 months. But they accepted it
I was making the rental payment in RedGiraffe using HDFC DCB card and now moved that to SBI Prime as I find this as more beneficial
Can we use Diners Black card to pay rent using Red-Giraffe platform?
Yes, you can.
NoBroker has started rent pay option via credit card – but they charge 149Rs (introductory charges) for a rent of 19K! Time to swith to RG 🙂
If I pay rent from business regalia card on cred app, will I get reward point? will it be treated as transfer?