The Offer
- Pay any new bill with Plastiq using a Mastercard credit card or gift card and pay just 1.5% processing fee.
You can pay things like mortgages, car payments, or any other business. Only new bills which you have not paid before are eligible for this discounted rate. And only Mastercard payments are eligible, not Visa or Amex.
You only get this offer when using a special link. We don’t have one, but here is Viewfromthewing’s link and here is FrequentMiler’s link. There are probably other as well, but these are the ones I’ve seen so far. Plastiq clarified in the comments of this post that this offer is available to all; no need to signup with any special referral link.
The Fine Print
- Valid until September 30, 2015.
- If you previously enrolled in the 1.99% offer which was available in the past, then this offer should work for you automatically. If not, you can just enroll now with a new email address and get the promotional rate.
It’s possible that you can schedule out payments at this 1.5% rate for the future; we don’t have positive confirmation on this, but this reportedly worked in the past.You can schedule out payments for as long as you want and lock in the promotional rate.
Our Verdict
The rate is truly very good; I’d be willing to pay that rate to rid myself of smaller dollar gift cards, for example. (A $100 Mastercard gift card could be liquidated for less than $1.50 this way.)
I had been hoping that these Platiq rates would be more permanent – not fly by the month promos – but it looks like they are just limited time offers to entice us to sign up, which make them less appealing.
In the end, if you have consistent bills to pay, it’s probably worth trying out the system and making use of these offers to meet minimum spends or to unload gift cards.
Since you can schedule out payments, this offer can make it a good deal to conveniently pay out your mortgage or car loans with a credit card and pay with your Citi DoubleCash Mastercard, for example, and you’ll net around .5% on the payments.
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