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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
- Car Payments/Lease Payments
- 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
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
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