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% for MasterCard and 2.50% for Amex and Visa 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. Lately I have found that for me it is worth it to pay a 2.50% fee to earn a great sign up bonus and save the time of ordering and liquidating gift cards to meet my minimum spending requirements.
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. This post has all the details on the referral program but basically, for every person who signs up with Plastiq using your referral link and makes a payment of at least $20, you earn $400 dollars of fee free bill payments and that person will get $200 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.