Who Gets a Charge Out of Paying Rent With a Credit Card?

American Express card
American Express card

Related Companies sweetened its pay-rent-by-credit-card plan for tenants of its new $800 million MiMA building, set to open in April. Those who sign leases by Aug. 31 receive 50,000 bonus rewards points if they pay with American Express. That's about two round-trip domestic flights on many credit cards.

The enticement made WalletPop consider the practice of paying rent with plastic. Should you or shouldn't you? Related, a developer of posh residential buildings, pioneered the arrangement back in 2003 with AmEx, according to the New York Times. Other rental outfits followed.