(UPDATE 5/21 – rerunning this as this promo ends at the end of the month so if you’re looking to take advantage of this, you’ll want to schedule your June 1 rent / mortgage payment soon. Also be sure to check out the fee free promo via Plastiq and Masterpass)
I have not written about Plastiq in awhile but they are back with a new promotion for new users only. This promotion is specifically for paying rent (not mortgages)
- Schedule 6 Rent/Real Estate payments and you will only pay a 2% Plastiq fee on each payment. (Plastiq fee will be standard for any payments beyond the first 6.)
- Use any card
- Promotion ends: The first payment must be submitted by May 31st at 11:59 PM Eastern
If you get a message that says something like Sorry this code is not valid, that likely means that you already have a Plastiq account and are not eligible for the promotion
Rules have changed as far as what types of credit cards are eligible for which types of payments, but as a reminder, the current rules are:
- Mastercard = Any Rent/Real Estate payment
- Discover = Any Rent/Real Estate payment
- Visa = Personal Rent, Business Lease, HOA, but no Mortgage payments
- Amex = Personal Rent, but no Business Lease, HOA, or Mortgage payments
So any card should work for this rent payment
As a reminder if you create a new account through this link, you will get the regular new account bonus of 500 fee-free dollars after making at least one payment of at least $500 (I will also receive a FFD referral bonus)
IMO 2% is still a bit steep, though it’s certainly possible that this might be a good option depending on your other rent paying options. Use a card whose points you value at 2% or higher (2% cashback, Chase Freedom Unlimited, American Express Blue for Business as examples – check out our top credit card offers page for options)
Are you going to participate in this 2% rent payment bonus?
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How long is it good for? Does it go back up to 2.5% after 6 months?
Yes – rate is 2% for your first 6 payments
If I schedule 6 Rent/Real Estate monthly payments, does each recurring payment have a 2% fee for the first six months, i.e., 6 x 6 = 36 payments with a 2% fee, or each recurring payment have a 2% fee for the first month only, i.e., a total of six payments with a 2% fee? Thanks.
It’s 2% on the amount you pay, so it would be 2% of your monthly rent payment, 6 times
Are I’m planning to sign up on Plastiq, would like to know if currently there are any promotions going on Plastiq?
Pranita – I know of a few promos – first is 500 fee free dollars after spending $500 with my signup link. Also, fee free dollars through September 30 if you pay with Masterpass. Hope that helps!