Following RadPad’s announcement that they will no longer process rent payments with a credit card, Plastiq is offering a limited time offer. When you schedule 6 or more rent or mortgage payment, they will reduce the credit card fee they usually charge.
Instead of their usual fee, you will pay:
2%1.75% with MasterCard payments 2.5%2.25% with American Express payments
Visa payments will continue to be charged a 2.5% fee. To take advantage of this offer, you must:
- Schedule 6 or more payments, as far into the future as you’d like.
- Make sure those payments are for rent or mortgage
- Use your MasterCard or American Express card
- Do it before October 31, 2016, 11:59 p.m. PT
You will have to select “Set Payment Schedule” instead of “Review and Pay Now.” There is no maximum to the number of payments you make, and other than your credit card’s expiration date, there is no limit on date, as long as you schedule the payments before October 31.
Plastiq is a great and easy way to meet minimum spending on credit cards. For the rewards you usually get from sign-up bonuses, the 1.75 – 2.5% fee can be more than worth it. Under this promotion, however, if you have a 2% cash back MasterCard, like the Citi DoubleCash, you can actually come out ahead!
If you’re looking to check out Plastiq, you can sign up here to earn 200 fee-free dollars after your first payment of $20 or more. I will earn a referral bonus as well; you don’t have to sign-up with my link, but I’m grateful if you do. If you are a current Plastiq user, feel free to post your referral link below.