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      08-21-2019, 06:41 PM   #1
bimmer456
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I wonder if I could use credit card miles to live rent free on Airbnb

So I have this idea, if I earn enough miles on my credit card I can use this to pay rent on a month to month Airbnb to either get a discount on rent or even have the rent paid for entirely with points. Anyone know if this is feasible or tried it?
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      08-21-2019, 06:59 PM   #2
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how long are you trying to do this? lol not sustainable. other than that; just someone redeeming their miles/points for perks
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      08-21-2019, 07:21 PM   #3
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I know a few people who pay their mortgage with a credit card just to get the points. Figuring that they may get 5% back as points on a good card, they are most certainly not making a killing. Maybe a yearly cruise or vacation/holiday airfare, but not enough to pay for a place to live.....
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      08-21-2019, 07:27 PM   #4
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how do you pay your mortgage with a credit card. everything major. car payements; rent; at least for me do not accept CC. and if they do there is a fee negating the points
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      08-21-2019, 07:34 PM   #5
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Quote:
Originally Posted by G35POPPEDMYCHERRY View Post
how do you pay your mortgage with a credit card. everything major. car payements; rent; at least for me do not accept CC. and if they do there is a fee negating the points
No but this is airbnb, my mortgage doesn't accept CC but Airbnb does and I can use my miles (I've done it before).
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      08-21-2019, 07:35 PM   #6
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Quote:
Originally Posted by vreihen16 View Post
I know a few people who pay their mortgage with a credit card just to get the points. Figuring that they may get 5% back as points on a good card, they are most certainly not making a killing. Maybe a yearly cruise or vacation/holiday airfare, but not enough to pay for a place to live.....
I don't think my mortgage company allows use of CC as they would have to pay merchant fees, it's like property tax, they charge a fee to use CC but I do get cash back which makes the fee much less.
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      08-21-2019, 07:37 PM   #7
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how long are you trying to do this? lol not sustainable. other than that; just someone redeeming their miles/points for perks
I could do it to reduce the amount but maybe not totally free. Just trying to see if renting out my place and then renting another place to live in on Airbnb might make financial sense depending on how much cheaper it will be with CC miles.
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      08-21-2019, 08:00 PM   #8
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Quote:
Originally Posted by G35POPPEDMYCHERRY View Post
how do you pay your mortgage with a credit card. everything major. car payements; rent; at least for me do not accept CC. and if they do there is a fee negating the points
I have no idea how they pulled it off, and my credit union surely wouldn't let me do it even if I wanted to get a credit card and play the points game. Would the cash advance fees be a wash on earned points even if they paid the full balance right away?????
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      08-21-2019, 09:14 PM   #9
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Paying Airbnb rent will be more than renting a normal place.

Using a credit card to pay things like rent usually have built in costs and should be cheaper if you paid by wire or direct deposit. So you aren't really saving anything.
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      08-21-2019, 09:31 PM   #10
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It’s possible if you spend a shit ton on that credit card. Maybe if you have a business that requires huge regular cash flows. If we say rewards redemptions cost something like 100 points per dollar, you’ll need to be spending 200k a month to get enough points to pay off $2k in Airbnb monthly costs a month. Just to use round numbers.

You’ll get more points, of course, if you can dip heavily into the accelerators some cards offer (like 2x/4x on dining, groceries, travel, etc)
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      08-21-2019, 11:54 PM   #11
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i think if it was this easy. everyone would be doing it.
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      08-22-2019, 12:21 AM   #12
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Quote:
Originally Posted by Darth One View Post
It's possible if you spend a shit ton on that credit card. Maybe if you have a business that requires huge regular cash flows. If we say rewards redemptions cost something like 100 points per dollar, you'll need to be spending 200k a month to get enough points to pay off $2k in Airbnb monthly costs a month. Just to use round numbers.

You'll get more points, of course, if you can dip heavily into the accelerators some cards offer (like 2x/4x on dining, groceries, travel, etc)
I get bonus awards on my cards because the the credit cards are from the same bank I have my brokerage account with so it adds up quicker than just the base points.
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      08-22-2019, 05:38 AM   #13
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Ok, so you more or less have all the info to answer this question. Go to your statement and see how many points you earn on average a month.

On Amex you can get most gift cards at about 100 MR pts per dollar - haven't checked Airbnb specifically but hopefully it's the same conversion. You mention having a bank, so you probably don't have Amex, but you can calculate redemption values pretty easily on your rewards portal.
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      08-22-2019, 08:04 AM   #14
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Quote:
Originally Posted by Darth One View Post
It's possible if you spend a shit ton on that credit card. Maybe if you have a business that requires huge regular cash flows. If we say rewards redemptions cost something like 100 points per dollar, you'll need to be spending 200k a month to get enough points to pay off $2k in Airbnb monthly costs a month. Just to use round numbers.

You'll get more points, of course, if you can dip heavily into the accelerators some cards offer (like 2x/4x on dining, groceries, travel, etc)
Yeah like if I lived further away from said business and need to rent a place during the week the points might cover the rent.
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      08-22-2019, 12:31 PM   #15
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Would love to know which mortgage companies allow paying with cc on mortgage payments.
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      08-22-2019, 02:25 PM   #16
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Would love to know which mortgage companies allow paying with cc on mortgage payments.
Airbnb will accept your CC and points can be used to reimburse the cost (counts as travel expense). You can rent out your home to pay the mortgage.
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      08-23-2019, 08:56 AM   #17
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