Posted by Chuck on May 10, 2018
Manufactured Spending

Published on May 10th, 2018 | by Chuck

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[Expired] [Targeted] Plastiq: 1.75% Processing Fee when Scheduling Three Payments

This deal has expired, view more Plastiq deals here.

The Offer

Check your emails for a new offer from Plastiq:

  • Lock in a 1.75% Plastiq fee when you schedule 3 months of bills with your Mastercard, Amex, Discover, or Visa business card from now until the end of May.

The Fine Print

  • Visa personal cards are not eligible.
  • To be eligible for the promotional Plastiq fee, all 3 payments must be scheduled by May 31, 2018, 11:59 p.m. ET and must be part of a recurring series. The first three payments in the series must be delivered by July 31, 2018, 11:59 p.m. ET
  • Promotional fee will only apply to the first three payments.
  • Promotional fee can apply to multiple bills.
  • Future editing of scheduled payments will result in the cancellation of the promotional Plastiq fee.

Our Verdict

1.75% is an excellent rate in any case, and especially so if you have a CIP card. Considering setting up payment for your mortgage, rent, or any other recurring bill, just mark down to cancel it in three months if you don’t want it at the regular 2.5% rate.

While this offer is limited to the first three payments, they do allow using the promo on multiple bill, so you should be able to can get the 1.75% rate on multiple sets of three payments, e.g. a series of three mortgage payments and a series of three car payments. Remember that not all payment methods work for all payment types, for example, you can’t pay your mortgage with an Amex, but you can pay your rent and taxes with Amex.

You can also checkout a different Plastiq deal which is available for everyone to lock in a 2% processing rate on mortgage and rent payments scheduled for 6 months. 

See our review of Plastiq review here. If you’re new to Plastiq, signup with a referral link to get $500 of free processing. Here is my Plastiq referral link, thanks.

Hat tip to Frequentmiler and r/churning



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Arley
Arley

CIP still gets 3x on all payments?

Dunda
Dunda

Can confirm as of a couple weeks ago it still gets 3x for Plastiq.

Dunda
Dunda

What if I already have my rent payment scheduled as recurring (with CIP)? Do I cancel and set it back up?

John
John

I had to cancel and set back up again. Had trouble even seeing the discount at first and had to open a support ticket. Was fixed in about 15mins on their end before I cancelled and re set up the payments

Victor
Victor

Unfortunately it is targeted and I am not targeted.

Jerry
Jerry

After Citi ATT 3x was neutered, I felt broken up with Plastiq forever….

Nun
Nun

“1.75% is an excellent rate in any case, and especially so if you have a CIP card. Considering setting up payment for your mortgage…” CIP is not accepted for mortgage, at least as of 2 weeks ago.

Lrdx
Lrdx

Friendly reminder that the 2% for 6 months offer for new users is still there, and probably better value; the discount is “3%” total (0.5% discount for 6 months), this offer is just “2.25%”.

mcafeeee
mcafeeee

How does one get targeted for Plastiq offers? I’ve made 6 rent payments through Plastiq now and have never received a targeted offer.

elegua
elegua

Started using Plastiq in 2014 with the 1.5% MC offer and this is the first discount offer i received so don’t feel bad, i pay every month using plastiq around 2k.

elegua
elegua

I received this email 2 days ago but totally forgot about it, see this post and went to my Plastiq account, deleted all my payments and as soon as i recreated again the discount was added to all of them without issues, also i noticed that my email offer says 1.75% as DoC posted but for some reason is using 1.7% and not 1.75% discount, has anyone noticed this?

JJ
JJ

I received a different targeted offer that’s not as good, but an offer nonetheless.

Earn 100 fee-free dollars when you pay a new business. Your payment to a new business must be at least $100 and submitted before Thursday, May 31st, 11:59pm EST.

MarcoPolo
MarcoPolo

Is it possible to change the payment method i.e. pay with different cards each month?
I usually use it for rent payment towards MSR to get the bonuses.

elegua
elegua

Yes, i do that all the time, create a schedule, after the first payment change the credit card attached to that schedule, that would do it.

John M
John M

It’s worth noting Plastiq’s policy re: promotional rates for scheduled payments. If you change anything about a series of scheduled payments that were scheduled as part of a promotion, you lose the promotional rate and it reverts to the standard fee. See https://plastiq.elevio.help/en/articles/92785-editing-a-scheduled-or-recurring-payment and https://plastiq.elevio.help/en/articles/92763-what-is-the-plastiq-service-fee

elegua
elegua

Schedule as part of a promotion yes but MarcoPolo didn’t mention anything about promotion, paying rent and bills at full rate (2.5%), you can change credit card every month if you want to, that is what i do.

homer
homer

hey this promo is not showing up for me online, i clicked ur link and sign up, then i added my card and fill out the mail info for the check but now i am getting this info with fees of 2.5% and also when i put 1 time payment from my amEX of 500 usd it says fee is 12usd
Full Payment Schedule
AMOUNT
FEE
PROCESSED ON
DELIVERED BY
$300.33
$7.51
05/12/18
05/21/18
$300.33
$7.51
05/17/18
05/28/18
$300.33
$7.51
05/24/18
06/04/18

MarcoPolo
MarcoPolo

Just received a targeted offer “Now, you can use Masterpass™ through Plastiq to pay businesses that don’t accept credit or debit cards.
Starting today through September 30, 2018, we’ll waive the Plastiq fee when you use your Mastercard® in Masterpass when paying with Plastiq.* Promotion applies to any bill or invoice, up to a maximum of $500 each.”

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