Plastiq promo: 1% fee for Mastercards [Widely Targeted]

Plastiq is out with a targeted promo to pay a 1% fee on Mastercard payments. The email has gone out to most Plastiq customers I know, so it seems that it is quite widely targeted. With this promo, you can schedule three payments in a row with a Mastercard (up to $2,000 for each payment) at a 1% Plastiq fee.

The Deal

  • Plastiq is sending out a widely-targeted promotion good for a 1% fee when you schedule 3 payments in a row with a Mastercard (up to $2K for each payment)
  • Email subject line is: 1% Plastiq fee on Mastercard payments

Key Details

  • Promotion is available only to direct recipients of this email notifying them of their eligibility and cannot be combined with other Plastiq promotions. This promotion is not-transferable.
  • Payments must be made with a Mastercard credit card, associated with this email recipient’s account, and must not exceed $2,000 per transaction.
  • Promotion can only be redeemed once per account.
  • Three (3) payments must be scheduled before 11:59 PM EST on May 31, 2019, as a series. You are permitted to schedule as many payments as you like, however, this promotion discount will only apply to the first three payments within the series.
  • Low Plastiq 1.0% fee will be applied automatically when the payment is processed. The last payment must be processed by 11:59 p.m. EST on August 31, 2019.
  • Plastiq fee free dollars (FFDs) cannot be applied towards payments with a 1.0% Plastiq fee or lower.
  • Editing, altering, rescheduling, or canceling any of the scheduled payments in the series will forfeit the promotional fee discount.
  • This promotion does not apply to any scheduled payments submitted before 12:01 a.m. EST on May 13, 2019.
  • Plastiq reserves the right to cancel or modify the promotion at any time.

Quick Thoughts

The email for this promotion indicates that it is targeted to those who “haven’t used a Mastercard recently”, though both Greg and I have used a Mastercard recently and we both received the targeted email, so it seems they are casting a fairly wide net here.

If you were targeted, you need to submit your scheduled payments by May 31, 2019 and you’ll save up to $90 since you’ll pay a 1% fee on three payments of up to $2K (rather than a 2.5% fee). The low fee makes it really easy to choose a rewards Mastercard that earns a better return than the points — or use this to easily meet the spend for one of the Best Mastercard Offers. Since you can pay a wide range of things via Mastercard (see: Complete Guide to Plastiq credit card payments), this promo looks like a nice easy win.

It’s worth checking your email to see if you were targeted if you have a nice-sized bill you can pay via Mastercard.

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

11
Leave a Reply

avatar
5 Comment threads
6 Thread replies
11 Followers
 
Most reacted comment
Hottest comment thread
10 Comment authors
Paige Cadwalader RyanCNGMark PJohnBob Don Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
Chris
Guest
Chris

Which Mastercard earns a better return than the points?

Bob Don
Guest
Bob Don

Double cash?

DaveC
Guest
DaveC

Widely targeted, but I didn’t get the email.

Ivy
Guest
Ivy

I didn’t get it either, Dave. I suppose Plastiq neither needs nor wants our business. I hate when companies exclude current deals from long-time paying customers. Plastiq gets zero stars, as far as I’m concerned.

Rick
Guest
Rick

Me either.

CNG
Guest
CNG

I was not targeted. But after signed in and chatted with a Plastiq rep, he showed me how to make payments with 1% fee using Mastercard. I was able to make multiple payments (12K total) for the next three months.

Paige Cadwalader Ryan
Guest
Paige Cadwalader Ryan

Can you share how to do this, pretty please?

Gil
Guest
Gil

Received offer and took advantage.

John
Guest
John

I’m sure your family is overwhelmed with pride. 😉

Mark P
Guest
Mark P

I use Plastiq to pay my rent to meet MSR on credit cards. My rent is over $2K. I was targeted, but with the $2K “cap”, does this mean I can’t really take advantage? Or is it just 1% on the first $2K, 2.5% for the rest?

trackback

[…] Plastiq promo: 1% fee for Mastercards [Widely Targeted] […]