Visa SavingsEdge Will Save You 1% on Plastiq Fees
Plastiq is a service that enables you to pay bills or other expenses with a credit card. It charges your card for the amount of your payment plus a 2.85% Plastiq fee and pays your suppliers via ACH, check or wire transfer.
The fee is more than what you would earn back in rewards with almost any card out there. But, it makes it easier to increase spending from the comfort of your home, or help with cash flow issues, since you would not have to pay your credit card bill until a month later.
The best time to use Plastiq though is when they have promotions that lower the fee. Right now they are offering one in partnership with SavingsEdge. With a Visa business card you can save 1% on the processing fee, for your first $2,500 in payments. This offer has been around, but is now extended through February.
With this offer, 1% of your Plastiq payment will be automatically credited to your Visa Small Business Card enrolled in SavingsEdge and Plastiq for up to $2,500 in cumulative Plastiq payments using your enrolled Visa Business Card between 10/6/2020 and 2/28/2021. Pay virtually any supplier with your Visa Business Card, even if they don’t accept cards. See promotion here.
- Enrollment into Plastiq and the Visa SavingsEdge program required if not already enrolled.
- Valid for U.S. Visa Small Business Cards making payment to U.S. recipients.
Visa SavingsEdge is a program for Visa Business cards and they have other merchants where you can earn statement credits for your purchases. Now you can take advantage of a lower fee for bill payments made through Plastiq. You will pay a 1.85% fee instead of the usual 2.85%, but only for the first $2,500 in payments for a card enrolled in SavingsEdge. This could make sense with cards like Chase Ink Unlimited or Capital One Spark Business for example. This promotion should work even if you are not new to Plastiq.