Targeted Plastiq Promo For Money Back On Amex Payments
I just received an email from Plastiq for a discount, or rebate, for paying with my American Express card. It looks like this is a targeted offer and you need to be an email recipient to take advantage of it. Check your emails / spam folder for the following email subject line (plug in your own name).
- Hey Mark — Use your Amex and make $50
Plastiq wants to celebrate Amex being eligible for more payment options. The offer is as follows:
- Earn a $10 USD gift card for every $2,000 USD in total payments you make with your Amex card.
- Earn up to a $50 USD gift card for $10,000 USD in payments with your Amex card.
Here is a link to all of the payments you can make with Amex on Plastiq.
Is This A Good Deal?
I haven’t paid a ton of attention to Plastiq since they raised their fees and blocked gift cards from working as debit cards. This offer has me rethinking that a bit for one sole reason, welcome offer spending. I am in the midst of my Blue Business Plus $15,000 minimum spend for 50,000 points and this could get me the rest of the way there.
Normally the 2.85% fees make spending on Plastiq a wash at best, even with the great Blue Business Plus. But with this added bonus, plus the welcome offer, the tables have turned a bit.
By getting $10 off of $2000 that is a .5% reduction in cost. It reduces the fees essentially down to 2.35%. That still isn’t great but I am earning over 5 points per dollar with the normal 2X earning plus the welcome offer. Also, there is something to be said for easy pajama points!
Final Thoughts
This isn’t a good enough of an offer to change much of your current plans, unless you are working on a Amex welcome offer. Or, if you have one of those Business Platinum 150,000 point offers lying around but didn’t think you could hit the $15,000 in required spend. This Plastiq offer may bridge that gap. The opportunities are niche but they are there if you play it right.
Lower Spend - Chase Ink Business Preferred® 100K!
Chase Ink Business Preferred® is a powerful card that earns 3X Ultimate Rewards points in a broad range of business categories on the first $150K in spend per year. Right now earn 100K Chase Ultimate Rewards points after Learn more about this card and its features!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Just be careful. Remember every time there is an advantage there must be a loss to watch out for.
[…] Hat tip to MtM […]
Be careful. I made a $5000 payment and used 100 Fee free dollars and they disallowed the entire purchase toward the promo as they said I didn’t pay full fee, even though I paid full fee on $4900.
Ouch – that blows