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Plastiq Promo, Pay Mortgage with Mastercard and Pay Only 1.5% in Fees

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plastiq mastercard promo

Plastiq Promo, Pay Mortgage with Mastercard and Pay Only 1.5% in Fees

Plastiq has a new promotion that charges you lower fees if you schedule three mortgage payments by the end of the year and pay with a Mastercard.

The Offer

Schedule 3 or more mortgage payments with your Mastercard by end of this year, and get a rebate on the first 3 payments so that your effective Plastiq fee is 1.5%. You can earn up to $200 back in rebate. After your third payment processes, a check will be sent by January 5, 2018.

For a payment to qualify, please make sure that you:

  • Schedule 3 or more monthly mortgage payments by checking the box next to recurring.
  • Use a Mastercard.
  • Set up the first 3 payments so they are set to process between September 5, 2017 and December 31, 2017 11:59 p.m. EDT.
  • Look for a notification of eligibility on the payment review screen.

Promotion page.

How it Works

The effective Plastiq fee of a payment is the final fee amount you pay after FFDs & other promotions are applied. For example, if you schedule 3 mortgage payments of $1,000 and…

FFDS APPLIED PAY A FEE OF YOUR EFFECTIVE PLASTIQ FEE IS TO BRING THE PLASTIQ FEE DOWN TO 1.5%, YOU WOULD RECEIVE A REBATE OF
0 $75 2.5% $30
600 $60 (FFDs were applied) 2.0% $15
1,200 $45 (FFDs were applied) 1.5% $0

 

Sign-Up

If you don’t have a Plastiq account, you can sign up through a referral and earn fee free spending.

Conclusion

The regular fee for using a Mastercard to pay your mortgage is 2.5%, but with this promotion you can pay only 1.5%. However, it is limited to a $200 rebate, so your total payments through this promotion shouldn’t go over $20,000 in order to get that 1.5 fee. This could be a small money maker if you use a Mastercard that earns more that 1.5%, such as Citi Double Cash Back.

 

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

4 COMMENTS

  1. What is an FFD? Not everybody is familiar w/ all the abreviations that are used here and it would REALLY be helpful if they were defined at least once on the page, where they are used first.

  2. This is probably a really dumb question, but do you think it has to be the same card for all three payments? I have minimum spend to meet on two Mastercards. Could I do 2 payments on one card and the third payment on a second card?

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