Plastiq has changed the terms on a very popular promotion that lets you pay bills with no fee with a Mastercard credit card through MasterPass. The limit will now been lowered to $250, instead of $500. However you still have until May 31st to schedule payment with no fee up to $500 till May 31st.
Here’s the email that I received:
Due to the high demand for our latest promotion, conducted in partnership with Mastercard, we wanted to give you advance notice of an upcoming update. Starting June 1, 2018, the promotion will apply to any bill or invoice, up to a maximum of $250 each, instead of $500.*
If you’ve already scheduled payments with this promotion, we will still honor the promotional fee applied to those payments. But please note that editing these scheduled payments will result in a loss of the promotional fee.
If you haven’t taken advantage of this promotion yet, this is your time to do so! Don’t forget to make sure the payment is delivered by September 30, 2018 to qualify.
- To qualify for the promotion & have the Plastiq fee waived on any bill or invoice, up to a maximum of $500 each, payment must be submitted or scheduled between May 14, 2018 12:00 a.m. ET and May 31, 2018 11:59 p.m. ET, and payment’s delivery date must be before or on September 30, 2018.
- To qualify for promotion & have the Plastiq fee waived on any bill or invoice, up to a maximum of $250 each, payment must be submitted or scheduled on or after June 1, 2018 12:00 p.m. ET, and payment’s delivery date must be before or on September 30, 2018.
This promotion was too good to be true, and I’m really surprised it’s still going on. Schedule as many bills as you can now before the limit is lowered to $250 in June, but even after that it’s still worth it.
If you’ve never tried Plastiq you can sign up through my referral and you get $500 in fee-free spending. That means that you can pay any bill up to $500 with a credit card with no fee. New users must hit the required minimum of $500 in successful payments before they are eligible for this promotion, but at least with a referral you do not pay a fee on that first $500 either.