Plastiq’s Moneymaking Mortgage (Or Rent) Payment Promo Returns

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plastiq mortgage discount promo

Plastiq Mortgage Discount Promo

In the wake of the demise of their rival RadPad, payment service Plastiq is bringing back their popular discounted mortgage (or rent) payment promotion. Let’s take a look.

The Offer

Schedule 6 or more rent or mortgage payments with either your MasterCard or American Express, and lock in a lower Plastiq fee for these payments. Promotional fees are as follows:

  • MasterCard = 1.75%
  • American Express = 2.25%

How It Works

  1. The only limit is your credit card’s expiration date
    • Remember to click “Set Payment Schedule” and not “Review & Pay Now”
    • Schedule 6 or more payments, and schedule them as far into the future as you’d like.
  2. Make sure those payments are for rent or mortgage
  3. Use a MasterCard OR American Express
  4. Do it before October 31, 2016 at 11:59 p.m. PT

You can find the full promotional terms here.


If you didn’t already lock in your mortgage payments in advance during the past promotion, this is a great opportunity to actually make a few bucks or points after paying the fee. For example, the Arrival Plus earns about 2.05% cashback which would equate to a $3 profit on every $1,000 paid. Not a huge amount, but something.

Alternatively, the AT&T Access More card has been known to code as 3X for payments with Plastiq. By using that card, you would earn 3,000 points for only $17.50 in fees on every $1,000 paid. Based on my own personal valuation, those points are worth about $45 or so.

Get $200 Fee Free Dollars

Plastiq has a referral program for all members. If you sign-up with someone’s referral link you get $200 fee-free dollars for payments. Here is my referral link if you are new to Plastiq.


If you have an AT&T Access More card or even an Arrival Plus or similar card, then it may make sense to shift your mortgage payments over to Plastiq. I have found them to be reliable and the service works well.

Have you been using Plastiq to pay your mortgage, rent or other bill? Please share your experiences in the comments!

Shawn Coomer
Shawn Coomer
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

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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.


  1. These guys must be losing money by the boatload. Essentially, for each person that signs up through a referral link and makes a payment of at least $20, they are giving away $600 ($400 to referrer and $200 to enrollee)? Do I have that straight?

  2. @J My mortgage pymt went up and I was not allowed to modify my payment and get the same rate (I had 1.5%), so I added an additional pymt at the new “special rate” at the time. My church monthly pledge is at 2%, and my H2O pymt is free (not sure how I was able to get that, but I’ve been with them since the beginning). I WILL say that when my credit card was stolen and I was issued a new number, they made a special exception and let me convert my payments to the new card and continue at all the same (various) rates — ordinarily if you change your primary card, everything is billed at the current rate.

    • This is confusing. I’m happy for you to get your $400 referral link, Shawn, but what are the minimum required terms for me to get my $200. Once I get them, what can I use the $200 for?

      • Hi Andy. Here are their terms. “Get rewarded in return for every person who registers with Plastiq via your referral link and makes a payment of at least $20.” So if you make a payment of at least $20 then you should receive $200 fee-free dollars and I (or whoever else refers you) will receive $400 fee-free dollars.

  3. This is likely a dumb question, but I’m assuming that I can cancel or amend the payment prior to the 6 payments being sent? I’m not sure if I’ll renew my lease at my current place and want the promo, but cannot lock into 6 months.

  4. I wonder how Plastiq is able to offer these discounts and not lose money but Radpad isn’t able to make money charging even more fees.

    If you need a referral, please use my link below. You will receive $200 fee free dollars after making first payment of at least $20 through Plastiq. I will also receive $400 fee free dollar once you use my link. Thanks.


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