Plastiq Mastercard Promo Changes
Plastiq is a great service that helps you pay your bills with a credit card. I personally pay my mortgage and other bills every month and truly enjoy the service. While there is a fee to use Plastiq, it can be worth it to reach minimum spend and from time to time they run promos that definitely help.
One such promo launched a few weeks ago. As part of the promo they offered fee-free payments when using a Mastercard up to $500. You can find the full details of the original offer here, but unfortunately it will be changing.
I just received the following email from Plastiq:
Due to the high demand for our latest promotion, conducted in partnership with Mastercard, we wanted to give you advance notice of an upcoming update. Starting June 1, 2018, the promotion will apply to any bill or invoice, up to a maximum of $250 each, instead of $500.*
If you’ve already scheduled payments with this promotion, we will still honor the promotional fee applied to those payments. But please note that editing these scheduled payments will result in a loss of the promotional fee.
If you haven’t taken advantage of this promotion yet, this is your time to do so! Don’t forget to make sure the payment is delivered by September 30, 2018 to qualify.
What To Do
Since this halving of the limit won’t go into effect until June 1, it probably is wise to schedule payments now so they will be subject to the old limits. While they are making this promotion less useful, at least they aren’t cancelling it altogether.
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[…] transaction threshold at which Plastiq will waive its 2.5% fee — from $500 to $250, according to Miles to Memories. A company spokesman confirmed the change on […]
[…] Plastiq Changes Their Fee-Free Mastercard Promotion: Cuts Limit, But There’s Still Time! – An excellent opportunity to spend on your credit card to pay bills without incurring a 2-3% service fee. Act now while you can still make $500 payments before the limit is cut in half. […]
[…] H/T: Miles to Memories […]