Plastiq: Pay Mortgage or Rent with Mastercard For 1.75% Fee, American Express For 2.25% Fee

The Offer

Direct link to offer

• Schedule 6 or more rent or mortgage payments with either your MasterCard or American Express with Plastiq and lock in a lower Plastiq fee for these payments. Fees will be as follows:
  • Mastercard 1.75%
  • American Express 2.25%

The Fine Print

• Schedule 6 or more payments, and schedule them as far into the future as you’d like.
  • Remember to click “Set Payment Schedule” and not “Review & Pay Now”
  • The only limit is your credit card’s expiration date
• Make sure those payments are for rent or mortgage
• Use a MasterCard OR American Express
• Do it before October 31, 2016 at 11:59 p.m. PT

Our Verdict

RadPad just announced they wouldn’t be processing rent payments anymore, so Plastiq is looking to capitalize and I always love it when companies do this with a promotion! They offered the same promotion last month, but only for Mastercard payments. Standard rate is 2.5%, so 0.75% saving with Mastercard (apparently standard rate for Mastercard is just 2%, so both are 0.25% savings) and 0.25% with American Express.

Nice thing about this promotion is that it also includes mortgage payments and not just rental payments. This is a nice and easy way to meet minimum spend requirements, doesn’t make a whole lot of sense for generating points/miles/cashback unless you’re able to easily cover the fees. Plastiq also have a referral program, you can read more about that here and also share your links.

Hat tip to reader Jay