Plastiq allows you to pay bills for a 2.5% fee.
If you signup via this referral link and make a $500+ payment, you’ll get the fee waived on your next $500 payment. That’s a great way to help meet a spend threshold on a credit card.
The really neat thing is that if you have a Chase Ink Preferred card you’ll get 3 points per dollar spent with Plastiq. That card offers 80,000 bonus points after spending $5,000 within 3 months. Click Here to get more details on this card and compare to other cards!
People have gotten 3 points per dollar for rent payments, tax payments, or even buying a car!
Plastiq will send out a check for any bill payment to any business, though they reserve the right to ask for an invoice for the bill.
You are effectively paying 2.5 cents for 3 Chase Ultimate Rewards points if you have an Ink Preferred card. That’s a cost of 0.83 cents per point, while the points are easily worth 1.5-2 cents each.
The annual cap 3 points on the Ink Preferred card is $150,000. If you made $150,000 in payments you would pay $3,750 in fees, but you would get 450,000 points that are easily worth $6,750-$8,000. Plus the $3,750 in fees may be tax deductible.
Another potentially worthwile credit card would be the Barclays Arrival® Premier World Elite Mastercard®. That card offers 3 miles per dollar everywhere if you spend $15K or $25K in a cardmembership year.
What bills have you paid with Plastiq and what card do you use?