Targeted: Cheaper 1.25% Fees on Plastiq Payments With a Mastercard

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Here’s an easy way to meet minimum spending requirements, or make a little cash for doing nothing other than paying your bills.  Check your email to see if you were targeted.

When you make a Plastiq payment by October 31, 2018, and pay the 2.5% fee, you’ll get 1 fee-free dollar to use later for every dollar you spend!  This brings the fee down to 1.25% overall (pay 2.5% now, then 0% later).

If you have a Mastercard you need to spend with to earn a sign-up bonus, or a 2% cash back Mastercard, you can come out ahead with this promotion.

I’ll share how it works!

Get an Effective 1.25% Fee on Plastiq Payments With a Mastercard

Link:   Plastiq MasterCard Promotion Details

Link:   Sign-Up for Plastiq

Here’s a nice deal if you got the targeted email.  Look for the subject line “Earn FFDs when you pay with Mastercard.”

When you use a Mastercard to make a Plastiq payment through October 31, 2018, you’ll get 1 fee-free dollar for every $1 you spend, if you pay the 2.5% fee up-front.

The fee-free dollars will post to your account on November 1, 2018.  So you don’t have to wait long to get your reward.

The fee effectively drops to 1.25% because you pay the 2.5% fee now, then get 0% fees on the same dollar amount later.  If you were planning to make payments anyway, you might consider using a Mastercard to take advantage of this deal before it’s over.

There doesn’t seem to be a limit on how many fee-free dollars you can earn with this promotion.  So if you’re looking to meet the minimum spending requirements on a new Mastercard, this could be an easy way.

Which Cards Work for This Deal?

You can use any Mastercard credit card – not a debit or pre-paid card.  Barclays and Citi issue lots of Mastercards, and many have decent-sized minimum spending requirements.

For example, you can earn:

• Barclaycard Arrival® Plus World Elite Mastercard® – 60,000 miles after spending $5,000 within the first 90 days of opening your account
• American Airlines AAdvantage MileUp℠ Card – 10,000 American Airlines miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening (no annual fee!)
• Citi Premier℠ Card – 50,000 Citi ThankYou points after you spend $4,000 in purchases within the first 3 months of account opening

Chase also has the IHG® Rewards Club Premier Credit Card, which is a Mastercard.

Did you get the offer email?  If so, will you pay a few bills through Plastiq to earn rewards?