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Drat! RadPad Adds Fee to Pay Rent by Debit Card

Drat! RadPad Adds Fee to Pay Rent by Debit Card

Million Mile SecretsDrat! RadPad Adds Fee to Pay Rent by Debit CardMillion Mile Secrets Team

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Update:  On August 24, 2016, RadPad ended its promotion for free rent payments via Android Pay on the RadPad app.  There is now a 2.99% fee for rent payments with a credit card.

Via Reddit, RadPad now charges ~$5 per month to use a debit card to pay your rent.  That’s unfortunate, because paying with a debit card used to be free!

But most folks can still come out ahead if you use the PayPal Business Debit Card, because you’ll get 1% back in your PayPal account.

Drat RadPad Adds Fee To Pay Rent By Debit Card
RadPad Now Charges a Fee to Use Debit Cards, but You Can Pay Your Rent Directly From Your Bank Account for Free

I’ll explain what this new fee means for you.  And mention other ways to save money and earn miles & points for paying rent!

What’s the Deal?

Link:   PayPal Business Debit Card

Using a debit card to pay your rent with RadPad used to be free.  But now they’re charging ~$5 per month to use a debit card!

This isn’t great news, but folks who have the PayPal Business Debit Card can still make money using RadPad to pay their rent.  Because you’ll earn 1% cash back in your PayPal account each month.

If your rent is $1,000, you’ll earn $10 back ($1,000 X 1%) using the PayPal Business Debit Card to pay your rent through RadPad.

After RadPad’s ~$5 monthly fee, you’ll still earn ~$5 every time you pay rent ($10 back – ~$5 fee).

It’s not a lot, but it all adds up!  Especially if you pay a lot in rent.

More Ways to Pay

RadPad also added a new way to pay rent directly from your bank account.  And it’s free!  But you won’t earn points, miles, or cash back for your payments. 🙁

Don’t forget, through December 31, 2016, you still can use a credit card to pay your rent with NO fees, when you pay with Android Pay through the RadPad app.

Or consider using Plastiq, another way to pay rent, loans, utilities, & more with a credit card.

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