Plastiq, Pay Only 1.5% In Fees When You Pay Mortgage With Mastercard

Plastiq has a new promotion that charges you lower fees if you schedule three mortgage payments by the end of the year and pay with a Mastercard. This is a quick way to complete spending from your couch on credit card if you’re working towards a bonus, or even make a few bucks while paying your bills.

plastiq mortgage promo

Plastiq Mastercard Promo

Schedule 3 or more mortgage payments with your Mastercard by end of this year, and get a rebate on the first 3 payments so that your effective Plastiq fee is 1.5%. You can earn up to $200 back in rebate. After your third payment processes, a check will be sent by January 5, 2018.

For a payment to qualify, please make sure that you:

  • 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.

See promotion page for more information.

How it Works

The effective Plastiq fee of a payment is the final fee amount you pay after FFDs & other promotions are applied. For example, if you schedule 3 mortgage payments of $1,000 and…

FFDS APPLIED PAY A FEE OF YOUR EFFECTIVE PLASTIQ FEE IS TO BRING THE PLASTIQ FEE DOWN TO 1.5%, YOU WOULD RECEIVE A REBATE OF
0 $75 2.5% $30
600 $60 (FFDs were applied) 2.0% $15
1,200 $45 (FFDs were applied) 1.5% $0

 

Guru’s Wrap-Up

The normal processing fee for using a Mastercard to pay your mortgage is 2.5% at Plastiq, but with this promotion you can pay only 1.5%. However, it is limited to a $200 rebate in total, so your total payments through this promotion shouldn’t go over $20,000 in order to get that 1.5% fee. This could be an opportunity for some quick spending, or a small money maker if you use a Mastercard that earns more that 1.5%, such as Citi Double Cash Back.

If you don’y have a Plastiq account, you can sign up through my referral and earn $500 fee free dollars. That means that you can pay a $500 bill with a credit card, and you won’t get charged any fees.

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