Pay mortgage by Mastercard w/ 1.5% fee after rebate

Plastiq is a bill payment service that lets you pay almost any bill with a credit card for a 2.5% fee.  For an overview of Plastiq, please see: Complete guide to Plastiq credit card payments.

Currently Plastiq is running a promotion with Mastercard where they’ll rebate part of the 2.5% fee if you do the following:

  • Schedule 3 or more monthly mortgage payments by checking the box next to recurring.
  • Use a Mastercard.
  • Set up the first 3 payments so they are set to process between September 5, 2017 and December 31, 2017 11:59 p.m. EDT.
  • Look for a notification of eligibility on the payment review screen.

The result, after rebate, should be that you paid a total of 1.5% in fees.

Note that the size of the rebate is dependent upon how much in fees you paid, so I do not recommend applying fee-free-dollars to these payments.

More details can be found on Plastiq’s blog post, here.

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  1. […] Plastiq is a bill payment service that lets you pay almost any bill with a credit card for a 2.5% fee. For an overview of Plastiq, please see: Complete guide to Plastiq credit card payments. Currently Plastiq is running a promotion with Mastercard where they’ll rebate part of the 2.5% fee if you do the following: Schedule 3 or more monthly mortgage payments by checking the box next to recurring. Use a Mastercard. Set up the first 3 payments so they are set to process between September 5, 2017 and December 31, 2017 11:59 p.m. EDT. Look for a notification of eligibility on the payment review screen. The result, after rebate, should be that you paid a total of 1.5% in fees. LEARN MORE! […]

Comments

  1. Any idea if one can do this promotion with two separate cards, each having their own set of 3 payments? For instance one card could be 3 regular payments and the other card 3 extra principal payments. I sent them a text message through the app but no word yet. If you have a plastiq contact and can verify that would be awesome.

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