If you pay monthly rent, you’re likely already using one of the best apps to pay rent online, which can give you rewards and extra credit flexibility. One such service is CRED RentPay, which lets you pay rent using your credit card.
There is a current promotion for HDFC Diners credit cards offering 2X rewards on all rent payments made through CRED. Below are the key details you should know.
Offer Details
| Offer | 2X points on all rent payments made via CRED RentPay |
| Offer Period | 1 March to 31 March 2021 (may be extended for additional months) |
| Maximum Cap | 2,000 bonus points per calendar month |
| Eligible HDFC Cards | Diners Black, Diners Privilege, Diners ClubMiles (older: Diners Premium, Diners Rewardz) |
| Fulfillment | Rewards credited within 90 days from offer end date |
To fully benefit from the cap, the ideal monthly rent is around Rs. 60,000. If your rent exceeds that, the cap may limit the extra rewards, but most cardholders paying typical rents will not be affected.
Rewards and Savings
- Diners Black: effective rewards around 6.6%
- Diners Privilege, Premium, ClubMiles: roughly 2.6% in rewards
CRED charges approximately 1.5% as a transaction fee, so net savings range roughly from 1% to 5% depending on which Diners card you hold. For Diners Black cardholders, this represents an attractive return (about 5% after fees).
Note: The additional 2,000 points appears to be separate from the usual 10X maximum cap, as far as available information indicates.
Bottom Line
A 2X reward promotion on rent payments through CRED is an unexpected but welcome offer for HDFC Diners cardholders. If the promotion is extended for a couple more months, users could realize meaningful savings.
CRED RentPay also runs other partner promotions from time to time, but this Diners 2X HDFC offer stands out for its value.
Do you use CRED RentPay or another rent payment app? Share your experience in the comments below.