This post may contain affiliate links from our advertising partners, such as American Express. Read my Advertiser Disclosure policy here. Additionally, some of the offers on this page may no longer be available through Deals We Like.
For starters, Plastiq is an online bill payment site where you can use a credit card to pay bills where you typically couldn’t use a credit card to pay the directly – think of rent, car loans, utilities, school tuition, taxes, mortgage, contractors, accountants, etc. Ultimately, it is an awesome way to earn points and miles! Although, Plastiq does charge a 2.5% fee for using their service. The fees paid can also be a tax write off!
With that being said, they are currently running a promotion for NEW PLASTIQ USERS WHO HAVE A BUSINESS CREDIT CARD. Plastiq has a program where you can earn FFDs (Fee Free Dollars) towards your payment. Typically if you are a new user, after your first payment(s) totaling $500 or more, you’ll earn 500 FFDs. However, if you are new and use a business credit card, after you make $1,000 in payments, you’ll receive 1,000 FFDs. That means after you make $1,000 in payments (and pay the 2.5% fee), you can apply your FFDs to your next $1,000 payment and not pay any fees at all. So all in all, you’ll pay $25 to put through $2,000 on your credit card. This is one way to meet minimum spend requirements and any other spend thresholds you are trying to reach on a particular credit card. To earn the 1,000 FFDs you must sign up through a referral link.
My Experience with Plastiq Overall
I’ve been using Plastiq for over a year now to pay anything from preschool tuition, my mortgage (cannot use a Chase or American Express credit card for this type of payment), my accountant, contractors, etc. There were times last year when I used my Southwest credit card so I could earn points for the Southwest Companion Pass.
I have personally never had any issues with bills not being sent/received, but I always suggest keeping a close eye on it to ensure payment is received. I find Plastiq to be extremely easy to use, especially for a merchant that is already saved to your account. Typically bills take about a week to be received by the merchant.