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Plastiq is one of a number of services that let you use a credit card for expenses that you typically couldn’t use a credit card for. Think rent, mortgage, utilities, etc. Typically these services have a fee on the order of 3%, which makes them IMO not a great deal for anything but emergency spend to meet a minimum spending target.
Enter the Citi AT&T Access More card
The Citi AT&T Access&More card helps make things a little more palatable. There is currently not a valid public link, but Miles to Memories has found a working zombie link. The current offer is for a new phone credit (up to $650 value) after spending $2,000 in the first 3 months.
I applied for a Citi AT&T Access More card a few months ago and was approved. Annoyingly, I only got a $1000 credit line and they would not increase it, even when I offered to move credit line around, and won’t do anything with it until I’ve had the card for at least 6 months.
The 2 things that make the combination of Plastiq and AT&T Access More meaningful are:
- The Access More card gets 3X ThankYou points on “online purchases” which includes Plastiq
- Plastiq is currently offering a fee of only 2% for Mastercards, which the AT&T Access More card is
The card does have a $95 annual fee (not waived), and you do also get 10,000 bonus ThankYou points if you spend $10,000 on the card in the year.
My experiences with Plastiq, mortgages and the AT&T Access More card
I have a few rental properties that I own, and for the past few months, I have been paying those mortgages with Plastiq. Thankfully I live in the low cost of living Midwest, so even with my sad $1000 credit limit, my mortgage payment is only ~$700 (take that New York City! :-D)
So as an example, I made one mortgage payment with Plastiq for $700, and was assessed a $14 fee. So I earned 2,142 ThankYou points ($714 * 3). Since your ThankYou points can be used at a minimum at 1.6 cents per point on American Airlines flights, if you have a Citi Prestige (affiliate link), that $14 fee could be used to book $34 worth of travel on American Airlines.
You can of course, use ThankYou points to transfer to airline partners, such as Air France, which offers one-way flights from the US to Hawaii for only 15,000 points
(SEE ALSO: How to score 15,000 mile one-ways to Hawaii)
But wait, you said “free”?
Yeah, it’s definitely a “free” with quotation marks. You CAN use ThankYou points worth 1 cpp to pay your statement. So in the example I posted above, you could use 1400 of your ThankYou points to pay off the $14 fee, leaving you with 742 ThankYou points for no additional cost.
It’s up to you which you value more – personally I have NOT done this. But you could if the money is worth more to you thank the ThankYou points.
Anyone else using Plastiq to pay bills? Leave your experiences in the comments
NOTE: All links to Plastiq in this post are referral links. If you sign up for Plastiq through my link, you will get 200 fee-free dollars to pay and I will get 400. If you do sign up through my link, I of course appreciate it. You’re also welcome to sign up through any other user’s link, or just go to Plastiq.com and sign up yourself with no bonus.