Targeted: Cheaper 1.25% Fees on Plastiq Payments With a Mastercard

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Here’s an easy way to meet minimum spending requirements, or make a little cash for doing nothing other than paying your bills.  Check your email to see if you were targeted.

When you make a Plastiq payment by October 31, 2018, and pay the 2.5% fee, you’ll get 1 fee-free dollar to use later for every dollar you spend!  This brings the fee down to 1.25% overall (pay 2.5% now, then 0% later).

If you have a Mastercard you need to spend with to earn a sign-up bonus, or a 2% cash back Mastercard, you can come out ahead with this promotion.

Make Some Cash for Paying Bills With Plastiq’s Latest Mastercard Promotion

I’ll share how it works!

Get an Effective 1.25% Fee on Plastiq Payments With a Mastercard

Link:   Plastiq MasterCard Promotion Details

Link:   Sign-Up for Plastiq

Here’s a nice deal if you got the targeted email.  Look for the subject line “Earn FFDs when you pay with Mastercard.”

When you use a Mastercard to make a Plastiq payment through October 31, 2018, you’ll get 1 fee-free dollar for every $1 you spend, if you pay the 2.5% fee up-front.

The fee-free dollars will post to your account on November 1, 2018.  So you don’t have to wait long to get your reward.

This Is a Great Deal for Targeted Folks With Mastercards

The fee effectively drops to 1.25% because you pay the 2.5% fee now, then get 0% fees on the same dollar amount later.  If you were planning to make payments anyway, you might consider using a Mastercard to take advantage of this deal before it’s over.

There doesn’t seem to be a limit on how many fee-free dollars you can earn with this promotion.  So if you’re looking to meet the minimum spending requirements on a new Mastercard, this could be an easy way.

Which Cards Work for This Deal?

You can use any Mastercard credit card – not a debit or pre-paid card.  Barclays and Citi issue lots of Mastercards, and many have decent-sized minimum spending requirements.

For example, you can earn:

Chase also has the IHG® Rewards Club Premier Credit Card, which is a Mastercard.

Or, if you have a cash back card, like the Citi® Double Cash Card, you can actually come out ahead with this deal.  That’s because the effective fee of 1.25% is lower than the cash back you’ll earn.  This card earns 1% cash back when you make a purchase, and another 1% cash back when you make a payment – for an effective 2% return.

So if you made a payment for $1,000 with a 2.5% fee, you’d pay $25 in fees and earn ~$21 back.  Then, when you make another $1,000 payment with a 0% fee, you’ll earn $20.  That comes to ~$41 in cash back and $25 in fees.  So you come out ahead by ~$16.  Note that you do NOT have to use the same card with the fee-free dollars you earn!

That’s not a lot, but it’s free cash for paying your bills, and it only takes a few minutes.  I’d call that a win!

Did you get the offer email?  If so, will you pay a few bills through Plastiq to earn rewards?