What are the benefits of a good credit score? A good credit score can help you access the best credit cards, get insurance discounts, get the lowest interest on loans, and get approved for housing rentals.

You can boost your credit score and get these benefits by paying rent online! However, simply paying your rent isn’t enough; there are a few things you must do to make sure paying rent online counts toward your credit score. Here’s what you need to know.

Pay with Our Online Resident Portal

If you are paying your rent with a check or going into the office, the first step is to start paying rent online instead. At Cantabria Apartment Homes, we make this easy for our residents through our online resident portal. Not only is this more convenient, but it ensures that the rent payments are recognized in your payment history that gets factored into your credit score.

Report to Credit Bureaus

Once you have paid your rent online, you need to make sure your payments are recognized by the credit bureaus and calculated into your report. This can be done through rent reporting, which is “the reporting of monthly on-time rent payments to credit bureaus in order to boost an individual’s credit score,” according to RentTrack. This process doesn’t happen automatically, but using a reporting agency such as RentTrack will make sure your payment is seen by credit bureaus.

Pay with Your Credit Card

Finally, paying rent with your credit card ensures that your credit score gets the full benefit from your online payments. LaToya Irby, credit expert for The Balance, advises, “Open a credit card and use it to pay your rent . . . then pay your credit card balance in full each month. The timely credit card payments will help boost your credit score.”

Paying with a credit card isn’t required, but it can be a nice little boost to your credit score in combination with the benefits of paying your rent online.

There you have it! By paying rent online, reporting payments to credit bureaus, and using your credit card, you can make sure your rent payment each month is counted toward your credit score. Then, you can reap all the benefits of good credit!