No Fee When Paying Bills Through Plastiq with Mastercard
Update: Plastiq has lowered the limit on this promo. Find the full details here.
Plastiq has a new promotion for new and existing users, where you get charged no fee on the first $500 of bills you pay with a Mastercard. Let’s check the details.
The Offer
Pay up to $500 in bills and invoices using your Mastercard on Masterpass, and pay no Plastiq fee. Offer is valid until September 30, 2018 11:59 p.m. ET.
Key Terms
- Can only be used up to the first $500 on each transaction
- Must have made $500 in payments, in their account history to qualify (This requirement blocks people from creating multiple accounts)
- Need to use a MasterCard that they added to their MasterPass Wallet.
- Any @mastercard.com emails are excluded from the promotion
- Offer valid May 14, 2018 to September 30, 2018 11:59 p.m. ET
Conclusion
Plastiq is usually charges a 2.5% fee for credit cards and 1% for debit cards. During this targeted promotion you’ll no fee on the first $500 on each transaction when using a Mastercard credit card through MasterPass. Could be a great way to get some free credit card rewards if you have bills close to $500.
If you’re never tried Plastiq, you can sign up through my referral and earn $500 fee-free dollars. That means that you can pay a $500 bill with a credit card with no fee.
HT: Matt on Twitter
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I signed up using your referral https://milestomemories.boardingarea.com/go/plastiq/ and definitely see masterpass on payment screen, but I see a fee of $12. Am I missing something?
Looked at your screenshot again and don’t see Apply fee free dollars.
Fee-Free dollars are a different thing. I didn’t apply them to that bill on the screenshot. You earn fee-free dollars when you refer people. I am paying no fee there because I used a Mastercard credit card with Masterpass.
Greatly appreciated! If you just signed up now, then you need to make at least a $500 bill payment before being able to use the Mastercard promotion. That $500 should still be fee-free as a sign up bonus. After that you can use a Mastercard with Masterpass to get fee-free bill payment with this promo.
Right I realize the masterpass promo & sign-up Bonus are different. But the point is, I don’t think I received the sign-up bonus as I saw a $12 fee.
I signed up using your referral link. I don’t see the sign-up bonus either. When I tried my first payment, I also saw $12.50 fee.
Anything I need to do to get the sign-up bonus?
Can we do mortgage payment in multiples of 500?
I believe so, I don’t see any limitations on what kind of bills can be paid.
Could you just pay rent by $500 at a time?
I think it should work!