I’ve written about Plastiq before but they now have a limited time promotion where the fee will be lower when paying your mortgage with a MasterCard. Depending on which card you use you might even be able to earn free points or cash!

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 2.50% for credit cards. Unfortunately, Plastiq no longer accepts Amex or Visa credit cards to pay your mortgage so your options are limited to Discover or Mastercard.

Plastiq is currently offering a limited time promotion and giving you a rebate when you schedule 3 or more mortgage payments with your Mastercard by the end of the year effectively lowering your fee to 1.5%.  You can earn up to $200 back in rebate which will be sent by check after your third payment processes, by January 5, 2018.

According to Plastiq, for a payment to qualify:

• 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.

For more details on how the rebate is calculated see this post on plastiq.com.

If you have a MasterCard that earns more than 1.50%, you can earn extra points or cash by paying your 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 to make a profit.

If you don’t have a MasterCard that earns more than 1.50%, 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 $500, you earn $1,000 dollars of fee free bill payments and that person will get $500 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.