Due to Canadian Financial Compliance Regulations, Rentcreda mandates all users to upload a valid Canadian residential lease agreement before proceeding with rent payments through the platform. This is necessary to verify several crucial legal aspects, including confirming that rent payments are directed to a certified Canadian landlord, ensuring that the monthly scheduled rent aligns with the listed amount, ensuring that the rent amount does not surpass $10,000 per month, and verifying that the user's address matches the one listed on the residential lease agreement.

In Canada, depending on your province, leases often transition to a month-to-month arrangement after the initial term ends, without requiring a new lease agreement. If you're in this situation, you can still use your original lease when joining Rentcreda, even if it's technically expired, as long as you're still paying rent for the same property on a month-to-month basis.

Yes, tenants will have to verify themselves as well to have their account approved. This is a requirement following Canadian Laws and Registrations. Tenants will go through all necessary steps required for account completion Register and landlords will have to do a selfie check sent via email.

We require a 4-business-day gap between a successful Rentcreda payment and your Rent Day to ensure fund settlement. Transactions are processed daily at 4 am EST, with Rent Payments sent to landlords by 12 pm EST on Rent Day. For example, if you activate your account and send out your first payment on May 27th, 2024, your first payment could be processed by may 31st at 4 am, and your first rent payment sent to your landlord on March 1st, 2024, at 12 pm.

We require a 4-business-day gap between a successful Rentcreda payment and your Rent Day to ensure fund settlement, excluding weekends. Transactions are processed daily at 4 am EST, with Rent Payments sent to landlords by 12 pm EST on Rent Day. For example, if you activate your account on January 25th, 2024, your first payment could be processed on January 26th at 4 am, and the earliest payment to your landlord would be on January 31st, 2024, at 12 pm.

take into account any relevant banking holidays, as well as account creation as could they can affect scheduled processing times. If you activate your account on Oct 12, 2024, the earliest your landlord could be paid would be October 18th, 2024, as is Monday is a holiday.

Your selected payment method will be debited four business days before your scheduled payment date. This process ensures ample time for fund settlement before transferring payments to your landlord. Transactions are processed daily at 4 am EST, and Rent Payments are disbursed to landlords at 12 pm EST

We need a gap of four business days between your successful payment to Rentcreda and your designated Rentcreda date. This buffer allows ample time for fund processing before the funds are disbursed to your landlord.

Congratulations and welcome aboard Team Rentcreda! Now that your payments are activated, it's time to sit back, relax, and start thinking about how you'll enjoy all the rewards you'll earn by paying your rent through Rentcreda.

Follow the Link Login Link to Enroll now!

To commence earning rewards on your rent with Rentcreda, you'll need: Validation of your legal identity using a Canadian mobile phone number. An accepted payment method. A PDF copy of your lease agreement

Certainly, if you're subletting and your name isn't on the original lease, you can still use Rentcreda as long as your listed landlord is named as a tenant on the primary lease. During the Rentcreda onboarding process, just upload the original lease given to you by your sublessor (the original tenant) and list their details as your landlord on Rentcreda.

. Your payment method is always charged four business days before your scheduled Rent Day to ensure adequate time for fund settlement before disbursing to your landlord. Payments are processed every morning at 4 am EST, and Rent Payments are issued to landlords by 3 pm EST on your designated Rent Day. However, note that individual banks may take additional hours to successfully deliver Interac E-transfers after they are sent.

. To quickly resolve a failed payment with Rentcreda, follow these steps: First, contact your bank to remove any security flags that may be causing the issue. Then, log in to your Rentcreda account and access the emergency payment link at rentcreda.co/pay-now to re-enter your payment details. After completing the payment, check your email for confirmation. The payment method used will automatically become your preferred method for future payments, but if you used an alternative method for this payment, remember to update your preferences in the Rentcreda dashboard accordingly.

If your rent payment fails to be charged to your card, we make every effort to notify you promptly via email, allowing time to address the issue and ensure timely payment to your landlord. However, if the payment hasn't been successfully processed by Rentcreda or if the funds haven't settled yet, we're unable to send the scheduled rent e-transfer to your landlord as planned. If your rent is due today and you haven't been successfully charged, please submit a support ticket, and our team will assist you accordingly.

RRent Cashback is our method of reducing your rent burden. Accumulate and utilize Rent Cashback towards a future rent payment, effectively reducing the amount you owe..

On top of your credit card rewards, you can earn Rent Cashback when you do your everyday shopping on the Rentcreda rewards marketplace. Shop with your favorite brands and we’ll credit you Rent Cashback so you can redeem against your next rent payment

Every time you successfully claim a purchase with one of our partner brands, you earn Rent Cashback. You can accumulate and redeem your Rent Cashback against a future rent payment, resulting in discounted rent for that month.

Rentcreda offers you the opportunity to earn rewards through two distinct channels. Firstly, by connecting your preferred rewards card to pay your rent, you can accrue credit card rewards directly from your card issuer. These rewards, issued by your card provider, vary depending on the specific card you use and are not reflected as Rentcreda Rent Cashback on your user dashboard. Secondly, you can earn Rent Cashback by making everyday purchases on the Rentcreda rewards marketplace or by referring a friend to pay their rent with Rentcreda. This multifaceted rewards system provides flexibility and benefits to users, enhancing the overall renting experience

By reporting your rent payments to Equifax through Credit Builder, you're adding new tradelines to your credit report, which helps build your credit score. This process improves your payment history, diversifies your credit mix, and extends your credit history without requiring additional debt.

Rent reporting involves monthly reporting of tenant rent payments to major Canadian consumer credit bureaus like Equifax and TransUnion, which are then included on a traditional consumer credit report.

Reporting on-time rent payments to credit bureaus can aid in establishing a solid credit history, enhance the competitiveness of your future rental applications, and expedite your eligibility for a mortgage and other credit products.

Yes, we Do! It’s an all-in-one package.

You will get paid via E transfer to your bank account on the day that rent is due. Funds will be deposited to your account before 5pm EST.

No, but you will have to verify your identity through a selfie verification for your tenant to have complete access to our services.

Requirement of the credit bureau we are reporting to, which is Equifax.

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