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One month left for 2% Plastiq fee on Amex payments
Until the end of the month you can take advantage of a great deal: Plastiq is offering a reduced fee of 2% on all payments scheduled with an Amex. Typically the fees for credit cards are 2.5%. If you’re unfamiliar with Plastiq, it’s an online bill payment service whereby you pay Plastiq, they charge you a fee, and then they pay your bill. I’ve used Plastiq a few times when making a minimum spend requirement, and feel it’s totally worth the fee to earn the extra points. It’s a great way to pay your rent, mortgage, or other large ticket item that wouldn’t ordinarily take credit card.
A few things to remember:
- 2% is quite hefty so I wouldn’t put your ordinary spend thru Plastiq
- Focus on Min Spend
- Target’s like the Chase British Airways Credit Card that offers a companion ticket after $30k annual spend or earning EQM from spend on airlines.
- Bills to consider using Plastiq
- Rent
- Mortgage
- Car Payments/Lease Payments
- Tuition
- Schedule your Payment
- Make sure the processing date is before February 28th, 2017
- And for goodness sakes remember to use an Amex to pay! 😉
Let’s say you recently got the American Express Business Platinum with a $15k min spend. If you used Plastiq for the entire min spend you’d pay an additional $300 in fees. Not terrible considering you’re picking up a cool 100k points.
*feature image courtesy of Plastiq.com
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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