I’ve written about Plastiq before, but they now have a promotion where you might be able to earn free points or cash by paying your mortgage or rent with a credit card.
For anyone not familiar with Plastiq, this website allows you to pay your mortgage, rent and other bills online with a credit card or debit card. The fee is usually 2.50% for credit cards.
Plastiq is currently offering a limited time promotion and charging only a 1.75% fee for paying your mortgage or rent with a MasterCard. To get the 1.75% rate you must schedule at least 6 rent or mortgage payments with your MasterCard by September 30, 2016. You have to schedule the payments by September 30 but you can schedule them as far in the future as you’d like and lock in the 1.75% rate.
If you have a MasterCard that earns more than 1.75%, you can earn extra points and cash by paying your rent or mortgage. I have a Citi Double Cash card that earns 2% cash back which I will use. Barclaycard Arrival Plus card earns 2x miles so that could be another option.
If you don’t have a MasterCard that earns more than 1.75%, you might still find Plastiq useful for meeting minimum spending requirements on new credit cards.
Another reason I like Plastiq is that Plastiq has a referral program which can earn you and those you refer no-fee credit card payments. For every person who signs up with Plastiq using your referral link and makes a payment of at least $20, you earn $500 dollars of fee free bill payments and that person will get $500 dollars of fee free bill payments.
If you have not yet signed up for Plastiq, I would be grateful if you sign up for Plastiq with my referral link and you will earn the ability to pay $500 of bills without a fee and I will earn $1,000 fee-free payments. You are also welcome to leave your own Plastiq referral link in the comments below.
I use plastiq to pay my mortgage, it helps me hit my minimum spending and earn airline reward points. Please consider using my referral code to earn $200 fee free dollars.
https://try.plastiq.com/325801
Just signed up via your link but it charged 2% not 1.75%. Any idea how to get that corrected
Did you schedule at least 6 recurring payments?
If that is not the issue there is a live chat feature available on weekdays only-I suggest contacting them and asking them why the promo was not applied. Let me know if not resolved I can contact them.
If I schedule 6 recurring payments, then the 1.75% applies. And then what? On the seventh month its back to 2.00%? Can I change my card in midstream so as to get my bonus on another card?
The 1.75% applies if you schedule at least 6 payments – you can schedule more than 6 up to your card expiration date.
You can’t change your card midstream though. If you need to spend more to get the bonus on another card you could pay other bills like utilities (assuming you have any) or prepay principal if you have a mortgage.
Please use this link register the plastiq and get $200 fee free dollars: https://try.plastiq.com/497367
Use this updated link for $200 Fee-free dollars (FFDs). It corresponds to how much money you can send via Plastiq without any fees. Reduce the fee. The American Express current fee is only 2%. Debit fee is only 1%. Stock up on AMEX Membership Reward miles to use for free travel, gift cards and merchandise.
For every person who registers with Plastiq via this updated referral link and makes a payment of at least $20, they’ll get 200 FFDs.
https://try.plastiq.com/572732