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We recently posted about an awesome promotion to make $500 Plastiq payments fee-free using a Mastercard linked to Masterpass (See: Get Fee-Free Plastiq Payments When Using Masterpass). Stephen predicted that the promotion was a bit too generous to continue unchanged for 4.5 months, and it turns out he wasn’t wrong: over the weekend, Shawn at Miles to Memories reported an email from Plastiq stating that on June 1st, the cap on fee-free payments will be $250. However,
there is still time to schedule $500 payments fee-free. Update: This offer expired, but you can still make fee-free payments of up to $250 each.
- Pay up to $500 in bills and invoices using your Mastercard on Masterpass and pay no Plastiq fee before June 1st — after June 1st, the cap will be $250 in bills and invoices
- Expires September 30, 2018.
Can only be used up to the first $500 on each transaction— starting June 1st, the first $250 of each transaction will be fee-free
- Customer needs to have made $500 in payments in their account history to qualify.
- They need to use a MasterCard that they added to their MasterPass Wallet.
Five hundred dollar payments would normally cost $12.50, so you stand to save that fee (and earn free rewards) with the promotion in its current form. Beginning on June 1st, that savings will be cut in half as the fee-free promotion will only apply to $250 in payments.
Thankfully, the text of the email reported at Miles to Memories states that already-scheduled payments will be honored under the current ($500 fee-free) promotion, so you should qualify under the current terms if you schedule your payment before June 1st. Note that editing your payments after June 1st will remove the promotional fee-free rate.
For more information on how and why to use Plastiq, see our Complete Guide to Plastiq credit card payments. If you are new to Plastiq, consider using our Frequent Miler referral link with our thanks: plastiq.com/frequentmiler.
H/T: Miles to Memories