Plastiq has announced a new promotion lowering the fees they charge if you schedule mortgage payments.
A little bit about Plastiq
Plastiq is one of a variety of services that allow you to use a credit card to pay bills and other things that you would not normally be able to pay with a credit card. Some examples are things like mortgages, utilities and payments to other people.
(SEE ALSO: How I use Plastiq for “free” money paying my mortgage)
Typically there is a fee charged. Plastiq typically charges about 2.5% of the payment amount, depending on the card. They also do offer various promotions – I believe currently if you schedule 6 mortgage / rent payments, your first one is free.
Whether that will be worth it to you or not is up to you, of course. The main reasons it might be worth it to me would be if
- I were trying to meet minimum spend on a card that I was having trouble meeting organically
- I was paying with a card whose points were worth it enough to me. I typically pay with the AT&T Access More card which gives 3x ThankYou points on online merchants. Since ThankYou points are worth AT LEAST 1 cent per point, you’d come out ahead even if you just used your extra TYP as a statement credit to cover the Plastiq fee (I don’t personally do that)
I’ve had mostly good experiences with Plastiq in the times that I’ve used them. They had some problems one month paying my mortgage (they eventually got it figured out).
Plastiq 1.5% promotion
The new promotion from Plastiq is that if you schedule 3 or more mortgage payments with your Mastercard by end of this year, you will get a rebate on the first 3 payments so that your effective Plastiq fee is 1.5%.
- Schedule 3 or more monthly mortgage payments by checking the box next to recurring.
- Use a Mastercard.
- Set up the first 3 payments so they are set to process between September 5, 2017 and December 31, 2017 11:59 p.m. EDT.
- Look for a notification of eligibility on the payment review screen.
Remember that you can no longer pay your mortgage with a Visa card through Plastiq AND starting July 22nd, payments via Plastiq made with an AT&T Access More card will no longer earn triple ThankYou points
I think this promotion is probably useful for some – hope it can help!
This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as thepointsguy.com. This may impact how and where links appear on this site. Responses are not provided or commissioned by the bank advertiser. Some or all of the card offers that appear on the website are from advertisers and that compensation may impact on how and where card products appear on the site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners and I do not include all card companies, or all available card offers. Terms apply to American Express benefits and offers and other offers and benefits listed on this page. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Other links on this page may also pay me a commission - as always, thanks for your support if you use them
User Generated Content Disclosure: Points With a Crew encourages constructive discussions, comments, and questions. Responses are not provided by or commissioned by any bank advertisers. These responses have not been reviewed, approved, or endorsed by the bank advertiser. It is not the responsibility of the bank advertiser to respond to comments.
Dan Miller travels with his wife and 6 (SIX!) children. He loves to help families travel for free / cheap, especially larger families. If you are looking for help, drop him an email at 
Recent Comments