While most Singaporeans may head straight to getting a BTO with their partner, there are still a number of Singaporeans who are renting an apartment. When it comes big-ticket expenses, Singaporeans may not have an alternative way of payment. In Singapore, two startups have been receiving a lot of attention by allowing consumers to use credit cards to pay for big-ticket expenses like rent and income tax. While the prospect of earning miles on your rent payment may sound attractive, however, paying rent with a credit card is actually quite expensive and not worth pursuing most consumers. In fact, you’re likely to walk away losing money by paying rent or income tax with a credit card even if you factor in any potential rewards you may earn. Here, our team at ValuePenguin discusses the details of how using a credit card to pay rent actually works, why it’s not financially beneficial, and a few ......