Posted by Chuck on May 15, 2019
Manufactured Spending

Published on May 15th, 2019 | by Chuck

46

[Expired] [Targeted] Plastiq: Pay 1% Fee on Three Scheduled Payments with Mastercard

Deal has expired, view more Plastiq deals by clicking here.

The Offer

Targeted offer, no direct link (check your emails for subject “1% Plastiq fee on Mastercard payments”)

  • We noticed that you haven’t used a Mastercard recently to make your payments, so we’d like to make you a special offer: Schedule three payments in a row with a Mastercard (up to $2,000 each) and benefit from a low 1.0% Plastiq fee – up to a $90 value.

The Fine Print

  • Promotion is available only to direct recipients of this email notifying them of their eligibility and cannot be combined with other Plastiq promotions. This promotion is not-transferable.
  • Payments must be made with a Mastercard credit card, associated with this email recipient’s account, and must not exceed $2,000 per transaction. Promotion can only be redeemed once per account.
  • Three (3) payments must be scheduled before 11:59 PM EST on May 31, 2019, as a series. You are permitted to schedule as many payments as you like, however, this promotion discount will only apply to the first three payments within the series.
  • Low Plastiq 1.0% fee will be applied automatically when the payment is processed.
  • The last payment must be processed by 11:59 p.m. EST on August 31, 2019.
  • Plastiq fee free dollars (FFDs) cannot be applied towards payments with a 1.0% Plastiq fee or lower.
  • Editing, altering, rescheduling, or canceling any of the scheduled payments in the series will forfeit the promotional fee discount.
  • This promotion does not apply to any scheduled payments submitted before 12:01 a.m. EST on May 13, 2019.
  • Plastiq reserves the right to cancel or modify the promotion at any time.

Our Verdict

I got this one and lots of readers sent it in as well. It’s apparently meant for those who haven’t made payments with Mastercard in a while, though some people who have made Mastercard payments got it as well. Overall it could amount to a $90 savings (it’s 1.5% savings on up to $6,000) or just a cheap way to produce some credit card spend to pay bills.

See our Plastiq review here. If anyone is signing up for a new Plastiq account, please use our Plastiq referral link. You’ll get $500 in free processing after you process $500 in paid processing (or, through May 31, get $10,000 in free processing if you signup as a business and process $10,000).



46
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
RMSMKE
RMSMKE

Stack with Barclays offer from late April.

Arley
Arley

What Barclays offer are you referring to?

RMSMKE
RMSMKE

Spend 6k over next three months get 5k total bonus.

HarryTheFirstHarry
HarryTheFirstHarry

Targeted ?

Tim
Tim
Joe S
Joe S

Do all 3 payments have to be with the same Mastercard, or can I make 3 payments with 3 different Mastercards? Also, if I have spending now, can I schedule payments for 5/15, 5/16, and 5/17?

Ryan Goldstein

I think you can only use one Mastercard, since the three payments have to be scheduled as a series.

The highest frequency recurring payment you can schedule is weekly, so you should be able to do, for example, 5/20, 5/27, and 6/3.

mommafrica
mommafrica

I made 2 payments on 5/16 (water and gas) and another to water today (5/21). Will this work? Plastiq is also sending out reminders about this today.

Tim
Tim

You have to make a series payment, so all charges will go on the same card, (for the same amount), and the highest frequency you can make with series is Weekly, not Daily.

Ethan
Ethan

You have to use one card, to one recipient, because you have to schedule it for recurring payments, weekly or monthly. There are some glitches that will let you put it on a card for one payment, but for me, the card I WANTED to use, did not have that glitch. It only did that for an older MC that I didn’t use anymore.

Nick
Nick

I’ve never used Plastiq but am about to start. Should I wait for a public offer or go ahead and signup but not use and hopebto get targeted?

YK3
YK3

They’ve never offered a signup bonus/offer as far as I know so I don’t think there’s much value in waiting if the service would be something useful to you right now.

Ryan Goldstein

I’d say to go ahead and sign up now. If you use DoC’s referral link (available in the post), you can get $500 in fee-free dollars (FFD).

PJ
PJ

Got it and I used a MC yesterday

GMoney
GMoney

Hello Arrival Plus card

Darrin
Darrin

Yess!! I needed this and it was in my junk mail thank you.

Jeremy
Jeremy

@DOC and Others,

What MC do you recommend using these days? Most of spend goes on Visa nowadays with the except of Citi AT&T Access More, but I don’t think that’ll work on this one.

b
b

citi double cash

Jo
Jo

Do I still earn the extra 1% if I pay off the citi double card before the statement posts?

veeRob

Yes

Jeremy
Jeremy

Hi Jeremy, Jeremy here.
Citi Double Cash – 2% cash back rewards

HarryTheFirstHarry
HarryTheFirstHarry

While it says only once per account in the fine print I am guessing if your payment is less than 2K you could do multiple until reaching 2K total…as I did 2 separate series the sum of both being less than 2K and it applied only 1% fee to both. Hope it holds though as this company is known to “clawback”.

Ryan Goldstein

It’s actually a 1% fee on each of the three scheduled payments, and the payment amount can be up to $2,000 each ($6,000 total).

HarryTheFirstHarry
HarryTheFirstHarry

Ok maybe I misunderstood the terms then as $90 max discount per Plastiq account.
I went back and scheduled more payments to different recipients with a scheduled series < 2K each payment but the sum total of payments close to 20K and all of it is charged only1%. This in indeed a good offer if this was what they meant it to be.

Joe S
Joe S

Tried this tonight but only had 1% for 3 payments (weekly), when I tried again it was 2.5%

HarryTheFirstHarry
HarryTheFirstHarry

Looks like it was a glitch that has already been fixed now even for me though the payments I already scheduled appear to still show as 1%. Anything newer that I try to setup does show 2.5%. Not sure if it was all payments attempted in the first login session or if it was that they noticed it and cut it off.

Jude
Jude

TRY PLASTIQ FEE FREE WITH THIS REFERRAL LINK!! [removed]

William Charles

Don’t post your links here.

Fuzshinwa
Fuzshinwa

Not sure if it is working properly, but when I try paying with barclay AA biz mc card, it is still charging me 2.5 percent.

David Vasquez
David Vasquez

I emailed them about this and they claimed that if you meet the terms it will be adjusted when the payment was sent. When I tried to schedule it showed the 2.5%, which is what prompted my reaching out to them. Are other people seeing 1% when scheduling the series payment?

Sa
Sa

Yes, it showed me only 1% fee

anne
anne

I scheduled 3 weekly payments and I saw 1% fee.

anne
anne

I still see the 2.5% fee and I am targeted.

Charles Chang
Charles Chang

Mine is showing 2.5% as well. I got the email as well. I scheduled the payment in this month.

missjenniferd1
missjenniferd1

do you have to pay a fee to simply sign up and have the service available to you? (i realize there’s a fee to do a payment), but is the plastiq account itself fee free?

i want to open an account just so i can get these 1% targeted offers. i dont plan to use it until i get an offer for 1% but obviously i have to have the account with plastiq to be able to get the offers, and i dont want to have to pay anything to have the plastiq account.

HarryTheFirstHarry
HarryTheFirstHarry

Its fee free to join and no inactivity fee either. Watch doc not just for these % off offers, but also the FFD offers that come up once in a while.

missjenniferd1
missjenniferd1

thanks!

cowsareverywhere
cowsareverywhere

Dont forget to use DoC’s referral to get $500 fee free dollars.

Matt
Matt

Does Chase Ink Business still earn 3% at Plastic? I’m trying to remember that one guy who did the Tesla deal with Plastiq………

Clinton
Clinton

No

JP
JP

you can pay individuals with plastiq right? like family member but in different household?

SideShowBob233
SideShowBob233

No that’s against their terms. You might get lucky and get one through but they generally will ask for an invoice. You could fake it but if it’s not a real business invoice they will likely cancel the payment. You can pay your HELOC using a mastercard and then just pay off the credit card from the HELOC. Great for mastercard MSRs….

ash
ash

Anyone know if using a Bank of America card will code as an “online shopping” for 3% cash back? Paying rent and trying to decide between:

(1) Bank of America Cash Rewards
(2) Citi Double Cash
(3) Citi Rewards+

Not eligible for preferred rewards

John
John

Thought I would try a test payment using my BoA Cash Rewards card, as I was also curious about the potential for 3% “Online Shopping.” Was quickly reminded by their system that this card can no longer be used on Plastiq. Perhaps you have a MasterCard variety, but mine’s a VISA.

Back to Top ↑