How to Earn Rewards by Paying Mortgage

April 27, 2022

Separately, I posted How to Earn Rewards by Paying Rent. There aren’t as many ways to earn rewards from paying your mortgage, but it is still possible. Here’s a primer on the best ways to earn rewards from paying mortgage…

Table of Contents

Pay Mortgage with a Credit Card via Plastiq

Plastiq is a bill payment service that allows paying many types of bills with a credit card for a fee (currently 2.35% for the Brex Card and 2.85% for all other cards). Unfortunately, only Mastercard and Discover credit cards can be used to pay your mortgage. Worse, both Capital One and US Bank ban the use of their Mastercards to pay mortgage. For all other Mastercard and Discover cards, though, you can use Plastiq to pay your mortgage and you will earn rewards as if it was a regular purchase — you will not incur cash advance fees.

More details about Plastiq can be found here: Complete guide to Plastiq credit card payments.

Earn rewards through welcome bonuses

Many banks offer huge bonuses when you sign up for a new card and meet the minimum spend requirements. For example, it’s common to see an offer for 60,000 points or more after $4,000 spend in 3 months. With these big welcome bonuses, it can be well worth paying Plastiq’s 2.85% fee in order to meet the minimum spend requirements by paying your mortgage via credit card.

The following list shows the best current welcome bonuses based on our estimate of first year value and limited to cards that (to the best of our knowledge) can be used to pay mortgage through Plastiq. First year value estimates include the value of points or other rewards earned minus the first year annual fee and minus the “cost” of the minimum spend (for various reasons, we assume a 3% cost, which is very close to Plastiq’s 2.85% fee). As you can see, rewards earned from welcome bonuses can be huge:

Card Offer and Review
Brex Cash ➥More ⓘ $1396 1st Yr Value Estimate Up to 110K Points 30K points after $3.5K spend, or 80K points after $9K spend within 30 days. Plus 10K after $3K spend in 3 months and 20K when you connect payroll to Brex. No Annual Fee Alternate offer: Earn a $250 Amazon gift card after $1k spend with our referral link FM Mini Review: If you have a qualifying business, it's a no-brainer to sign up for this fee-free account.
JetBlue Business Card ➥More ⓘ $932 1st Yr Value Estimate 80K Miles + $99 80K miles + $99 statement credit after $2K spend in 90 days $99 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: Expired 2/4/21: 100K after $6K spend FM Mini Review: This card is almost identical to the JetBlue Plus card except that this one earns 2X at office supply stores rather than grocery stores. Both cards are great choices for JetBlue flyers.
The Aeroplan® Card ➥More ⓘ $932 1st Yr Value Estimate 50K Reward Certificate + 10x Travel & Dining One 50K Reward Certificate after $3K spend in 3 months + 10x travel and dining for the first 6 months up to 51,000 points. Note that reward certificate never expires as long as your card remains open and can be topped off with points to redeem for a single ticket. $95 Annual Fee This card is likely subject to Chase's 5/24 rule (click here for details). FM Mini Review: Great card for regular or frequent Air Canada flyers
AAdvantage® AviatorTM Business MasterCard® ➥More ⓘ $911 1st Yr Value Estimate 80K Miles 80K after $2K spend in 90 days $95 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: This is the best offer we've seen for this card.
Air France KLM World Elite Mastercard ➥More ⓘ $800 1st Yr Value Estimate 70K miles + 100XP points 70K miles + 40XP after $2K in the first 90 days + 60XP points upon approval $89 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Alternate offer: Going through the steps to make a dummy booking at the Air France website may result in an offer that also includes a $100 statement credit.
CitiBusiness AAdvantage Platinum Select World MasterCard ➥More ⓘ $777 1st Yr Value Estimate 65K miles 65K after $4K spend in first 4 months No Annual Fee First Year, Then $99 Recent better offer: 75K after $5K in the first 5 months (Expired 1/16/20) FM Mini Review: This card usually has a great signup bonus, but if you're looking for a card to keep long term, you'll find better options.
Virgin Atlantic World Elite Mastercard ➥More ⓘ $734 1st Yr Value Estimate Up to 65K miles Up to 65K miles: 60K after $2K spend in first 90 days plus 5K after adding 2 authorized users $90 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Citi® / AAdvantage® Platinum Select® World Elite MasterCard ➥More ⓘ $729 1st Yr Value Estimate 60K miles 60K miles after $3,000 spend in the first 3 months No Annual Fee First Year, Then $99 Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Excellent choice for a great signup bonus. Plus it offers the usual collection of perks for flying AA (free checked bag, priority boarding, etc.)
Citi Premier Card ➥More ⓘ $713 1st Yr Value Estimate 60K points 60K points after $4K spend in the first 3 months $95 Annual Fee Recent better offer: Expired Feb 2022: 80K after $4K spend in first 3 months FM Mini Review: Very strong earnings for spend. Excellent bonus categories. Points transferable to select airlines. Recommend pairing this card with Citi Double Cash and Citi Rewards+. Sadly, this travel card doesn't provide any travel protections.
Chase IHG® Rewards Premier Business Credit Card ➥More ⓘ $705 1st Yr Value Estimate 140K points 140K points $3K spend in 3 months $99 Annual Fee This card is expected to be subject to Chase's 5/24 rule (click here for details).
Chase IHG® Rewards Premier Credit Card ➥More ⓘ $705 1st Yr Value Estimate 140K points 140K points $3K spend in 3 months $99 Annual Fee This card is subject to Chase's 5/24 rule (click here for details). Recent better offer: 125K + free night certificate [Expired 3/22]
Chase IHG® Rewards Traveler Credit Card ➥More ⓘ $684 1st Yr Value Estimate 120K Points 120K Points after $2K spend in 3 months No Annual Fee Click here to view details about a similar card: IHG Rewards Club Premier FM Mini Review: This would be a great companion card for anyone who still has the old $49 per year IHG card because the 4th night free from the card would stack with the 10% rebate with the other card.
Barclays JetBlue Plus Mastercard ➥More ⓘ $682 1st Yr Value Estimate 60K Miles 60K miles after $1K spend and payment of the annual fee in 90 days $99 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Alternate offer: You could get a bonus 5K miles for using an employee code. Details here. Recent better offer: Expired 2/4/21: 100K after $6K spend FM Mini Review: Frequent JetBlue travelers should seriously consider this card for its terrific perks. The combination of the 10% rebate on awards and the annual 5,000 point bonus make this card a keeper.
Chase Freedom Flex ➥More ⓘ $570 1st Yr Value Estimate 20K points + 5X gas + 15 months 0% APR Earn 20,000 points (worth $200 cash back) after spending $500 in the first 3 months + 5x Ultimate Rewards points (worth 5% cash back) on gas purchases for 1st year (on up to $6K in purchases). 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%. No Annual Fee Be sure to select the card you want after clicking through. This card is subject to Chase's 5/24 rule (click here for details). Even though this card is marketed as a cash back card, it actually earns Ultimate Rewards points which are redeemable for 1 cent each, or can be combined with other Ultimate Rewards-earning cards to get even more value. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 20K points + 5x grocery stores for the first year on up to $12K in qualifying purchases FM Mini Review: Great for 5X and 3x categories and World Mastercard benefits. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred.
The Hawaiian Airlines® Business MasterCard® issued by Barclays ➥More ⓘ $555 1st Yr Value Estimate 80K Miles + $99 80K Miles + $99 statement credit after $2K spend in 90 days $99 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
AAdvantage Aviator Red World Elite MasterCard ➥More ⓘ $549 1st Yr Value Estimate 50K miles 50k miles after 1st purchase and paying $99 annual fee. $99 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Lufthansa Miles & More® Premier World MasterCard® issued by Barclays ➥More ⓘ $546 1st Yr Value Estimate Up to 75K miles Up to 75K miles: 50K after $3K spend in 90 days + 25K miles after $20K spend in first year $89 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: None. This is the best we've seen.
Frontier Airlines World MasterCard® ➥More ⓘ $529 1st Yr Value Estimate Up to 60K miles Up to 60K miles: 40K after $500 spend in 90 days plus 20K after $2K in the first 6 months. No Annual Fee First Year, Then $79 Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Sonesta World Mastercard ➥More ⓘ $465 1st Yr Value Estimate 65K points 60K points after $1K spend in 90 days plus 5K points for adding an authorized user No Annual Fee First Year, Then $75 Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Best for those who stay often at Sonesta hotels
Business Advantage Unlimited Cash Rewards credit card ➥More ⓘ $455 1st Yr Value Estimate $500 statement credit $500 statement credit bonus after $5K spend in 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Emirates Skywards Rewards World Elite Mastercard ➥More ⓘ $447 1st Yr Value Estimate 50K Miles + 1 Year Silver status 50K after $3K spend in 90 days $99 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
The Hawaiian Airlines® World Elite MasterCard® issued by Barclays ➥More ⓘ $405 1st Yr Value Estimate 60K Miles First year free + 60K miles after $2K spend in 90 days No Annual Fee First Year, Then $99 Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Ridgewood Savings Bank World Mastercard ➥More ⓘ $400 1st Yr Value Estimate 50K points 50K after $5K spend in 90 days No Annual Fee First Year, Then $95 Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card offers a nice intro bonus. Earning an effective 3% on travel and dining isn't bad, but considering the annual fee in future years it isn't very compelling to keep this one. Note that they have a nearly-identical business card.
Bank of America Business Advantage Cash Rewards Mastercard ➥More ⓘ $400 1st Yr Value Estimate $500 Cash Back $500 after $5K spend in 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: $750 after $5K spend in 90 days [Expired 9/1/21]
HSBC Premier World Mastercard® credit card ➥More ⓘ $290 1st Yr Value Estimate 35K points 35K points after $3K in 3 months No Annual Fee First Year, Then $95 Note that the ongoing annual fee is $0 if you maintain an HSBC Premier checking account (which requires $5K per month in direct deposits to remain fee-free) FM Mini Review: This card may be worth it for the welcome bonus and possibly for the annual rideshare benefit if you have an HSBC Premier checking account and can thus keep the card annual fee-free. Note that the points value is based on HSBC's stated value when redeemed for airfare via the HSBC portal.
Best Western Rewards Premium MasterCard issued by First Bankcard ➥More ⓘ $285 1st Yr Value Estimate 80K points 80K points after $3K spend in the first 3 billing cycles $89 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Citi Custom Cash Card ➥More ⓘ $278 1st Yr Value Estimate 20K Points 20K points after $750 spend in the first 3 months No Annual Fee Recent better offer: None FM Mini Review: This is a great card to have and hold for a single category where you spend no more than $500 per month as it represents an excellent return without rotating categories to track.
Citi Rewards+ Card ➥More ⓘ $267 1st Yr Value Estimate 20K points 20K points after $1.5K spend in 3 months No Annual Fee FM Mini Review: 10% points rebate (up to 10K rebate per year) make this a great choice to pool with ThankYou Premier, Prestige, and/or Double Cash
New Orleans Pelicans Credit Card ➥More ⓘ $260 1st Yr Value Estimate 30K points 30K after $2K in first 3 months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Points are worth $0.01 each toward a statement credit or 1.25c toward Fanatics gift cards, so this card could be a good deal for its bonus categories.
Liverpool FC Credit Card ➥More ⓘ $260 1st Yr Value Estimate 30K points 30K points after $2K in first 3 months. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Points are worth $0.01 each, so the welcome bonus and ongoing rewards in bonus categories are respectable for a card with no annual fee.
Manchester United Credit Card ➥More ⓘ $260 1st Yr Value Estimate 30K points 30K points after $2K in first 3 months. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 50K points were briefly available at launch FM Mini Review: Points are worth $0.01 each, so the welcome bonus and ongoing rewards in bonus categories are respectable for a card with no annual fee.
Cleveland Cavaliers Credit Card ➥More ⓘ $260 1st Yr Value Estimate 25,000 points 25K after $2K in first 3 months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 100K points were briefly available at launch FM Mini Review: Points are worth $0.01 each, so the welcome bonus and ongoing rewards in bonus categories are respectable for a card with no annual fee.
BOA Business Advantage Travel Rewards World Mastercard ➥More ⓘ $255 1st Yr Value Estimate 30K points 30K after $3K spend in 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
JetBlue Card ➥More ⓘ $249 1st Yr Value Estimate 20K miles 20K after $1K spend in 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 9/2017: 15K after $1K spend FM Mini Review: Not bad for a fee-free airline card.
Norwegian Cruise Line® World Mastercard® ➥More ⓘ $230 1st Yr Value Estimate 25K points 25K after $1K spend in the first 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Points are worth $0.01 each toward onboard credit or cruise purchase with Norwegian. Note that points expire 5 years after they are earned regardless of activity. This card offers very poor value for ongoing spend after meeting the welcome bonus requirements. Interestingly, it appears to be eligible for Bank of America Preferred Rewards, which would increase the bonus categories by as much as 75% for those with Bank of America's top-tier Platinum Honors.
Miami Marlins Credit Card ➥More ⓘ $230 1st Yr Value Estimate 25,000 points 25K after $1K in first 3 months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Points are worth $0.01 each toward a statement credit or 1.25c toward gift cards for Marlins gear, so this card could be a good deal for a Marlins fan. That is particularly true if you value some of the unique experiences offered by Home Run Rewards.
Citi AAdvantage® Executive World Elite MasterCard® ➥More ⓘ $228 1st Yr Value Estimate 60K miles 60K miles after $6K spend in first 3 months $450 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 75K after $7.5K spend in 3 months FM Mini Review: Excellent choice for those who need Admirals Club access (included for both the primary member and authorized users). Heavy spenders who are short of the miles necessary for status can earn 10K elite qualifying miles with $40K spend. Plus, it offers the usual collection of perks for flying AA (free checked bag, priority boarding, etc.).
American Airlines AAdvantage MileUp Card ➥More ⓘ $172 1st Yr Value Estimate 10K miles + $50 Earn 10K AA miles + $50 statement credit after $500 spend in 3 months No Annual Fee FM Mini Review: Not bad for grocery spend if you highly value AA miles
Emirates Skywards Premium World Elite Mastercard ➥More ⓘ $167 1st Yr Value Estimate 60K Miles + 1 Year Gold status 60K after $3K spend in 90 days $499 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
ABOC Platinum Rewards ➥More ⓘ $150 1st Yr Value Estimate $150 Statement Credit $150 statement credit after $1200 in purchases within 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: A decent no-fee rotating category card with a respectable if not large welcome bonus.
Upromise World MasterCard® issued by Barclays ➥More ⓘ $141 1st Yr Value Estimate $150 Cash back $150 cash back after $500 spend in the first 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card could be decent for an easy cash back bonus, but there are much more rewarding options for ongoing everyday spend.
AT&T Access Card ➥More ⓘ $130 1st Yr Value Estimate 10K points 10K ThankYou Points after $1K Spend in 3 Months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card may be worth it for a welcome bonus, but it would be worth considering a product change to the Double Cash down the road..Unforunately, it seems it is no longer possible to product change to the AT&T Access More card.
Discover it® for Students ➥More ⓘ $120 1st Yr Value Estimate $50 + First Year Double + $20/year Get $50 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. Plus, get $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: In my opinion this is the single best "starter card" for students. It offers great rewards and no annual fee.
Virgin Atlantic White Card ➥More ⓘ $114 1st Yr Value Estimate None It appears that this card is no longer available for new applicants $49 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: None
Discover it Miles - Double Miles your first year ➥More ⓘ $100 1st Yr Value Estimate $100 + First Year Double Get $100 after first purchase. All "miles" earned in first 12 months will be doubled. This makes this a 3% cash back card for the first year. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Great card to get for its first year 3% cash back.
The Comenity® Mastercard® Credit Card ➥More ⓘ $93 1st Yr Value Estimate $100 Cash Back $100 statement credit after $500 spend in first 90 days No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Possibly worthwhile for a low-spender looking for an easily-attainable welcome bonus.
AARP® Travel Rewards Mastercard® ➥More ⓘ $90 1st Yr Value Estimate $100 Cash Back $100 after $500 spend in 3 months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
AARP® Essential Rewards Mastercard® ➥More ⓘ $90 1st Yr Value Estimate $100 Cash Back $100 after $500 spend in 3 months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Citi® Expedia Rewards Credit Card ➥More ⓘ $84 1st Yr Value Estimate 15K points 15K after $1K spend in 3 months No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Allegiant World Mastercard® Credit Card ➥More ⓘ $71 1st Yr Value Estimate 15K miles 15K after $1K in first 90 days $59 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Alternate offer: You may be targeted for an offer including a $100 statement credit during a dummy booking. FM Mini Review: Points are worth $0.01 each toward airfare and do not expire unless you cancel the card. If you cancel the card, you forfeit all points. Between that policy and the annual fee, this card probably isn't worth it in most scenarios.
Discover it® ➥More ⓘ $50 1st Yr Value Estimate $50 + First Year Double Get $50 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This is a great choice for its rotating 5% categories
Citi® Expedia®+ Voyager Card ➥More ⓘ $37 1st Yr Value Estimate 25K points 25K after $2K spend in 3 months $95 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Marvel MasterCard from Synchrony ➥More ⓘ $25 1st Yr Value Estimate $25 Cash Back $25 after first purchase No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: None FM Mini Review: Good option if used only in 3% categories (e.g. dining and entertainment)
HSBC Premier World Elite Mastercard® credit card ➥More ⓘ $25 1st Yr Value Estimate 50K points 50K after $4K spend in 3 months $395 Annual Fee FM Mini Review: Points are worth 1.5c each when redeemed for airfare through the HSBC portal. Could be worthwhile for a welcome bonus, but not rewarding enough to justify keeping beyond the first year.
Barclaycard CashForward ➥More ⓘ $0 1st Yr Value Estimate This card is no longer available for new applications No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
SoFi Credit Card ➥More ⓘ $0 1st Yr Value Estimate None This card does not currently have a welcome bonus. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card could be a good option for someone looking for a 2% cash back Mastercard, though keep in mind that the Citi DoubleCash is a competitor that earns at the same rate while offering points which could become transferable to airline partners, whereas the SoFi credit card only earns cash back rewards.
Amtrak Guest Rewards Platinum Mastercard ➥More ⓘ $0 1st Yr Value Estimate None This card is not currently available to new applicants No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 20K after $1K spend
Citizens Bank Cash Back Plus® World Mastercard® ➥More ⓘ $0 1st Yr Value Estimate Offer Expired Previous Offer: 10% back on groceries, restaurants, and food delivery (on up to $500 in purchases each month) until 5/5/21 No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card isn't ordinarily worth a look with only 1.8% cash back. However, if you're able to take advantage of 10% back on $500 per month in groceries, restaurant, and takeout it could certainly be worth it in the shoter-term.
Barclaycard Arrival Plus® World Elite Mastercard® ➥More ⓘ $0 1st Yr Value Estimate This card is no longer available for new applications No Annual Fee First Year, Then $89 Recent better offer: None. This is the best we've seen.
SEFCU Lightning Credit Card® ➥More ⓘ $0 1st Yr Value Estimate 5x online purchases through 1/31/21 5x online purchases through 1/31/21 No Annual Fee Note that it is possible that 5x online purchases is capped at $1250 spend. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: The terms note that you will "* Earn 5x points on online purchases through January 31, 2021 and 3x points on first $1,250 of grocery purchases per quarter. " YMMV as to whether the 5x online category is capped at $1250. If it is indeed capped, this card wouldn't make much sense given its lack of a welcome bonus.
Paypal Cashback Mastercard ➥More ⓘ $0 1st Yr Value Estimate No Welcome Bonus No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Excellent cash back card for everyday spend.
Huntington Voice ➥More ⓘ $0 1st Yr Value Estimate No Welcome Bonus No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: With most of this card's category bonuses, you can do better with other cards. If you do find a useful category and max out the $2K spend each quarter, you'll come out only $80 ahead per year compared to using a 2% cash back card.
Barclays Arrival™ World MasterCard® ➥More ⓘ $0 1st Yr Value Estimate No longer available This card is no longer available to new applicants No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Citi Business ThankYou Card ➥More ⓘ $0 1st Yr Value Estimate None It appears that this card has been discontinued. No Annual Fee This card is available in-branch only and is not available online. The bonus may vary by region and can be as high as 40K. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Discover it Business - Double cash back your first year ➥More ⓘ $0 1st Yr Value Estimate First Year Double All cash back earned in first 12 months will be doubled. This makes this a 3% cash back card for the first year. No Annual Fee NOTE: Discover business cards DO count against 5/24. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Great card to get for its first year 3% cash back.
Business Advantage Unlimited Cash Rewards credit card (with Platinum Honors Preferred Rewards) ➥More ⓘ $0 1st Yr Value Estimate No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Citi ThankYou Preferred Card ➥More ⓘ $0 1st Yr Value Estimate This card is no longer available for new applications No Annual Fee FM Mini Review: Downgrade from Prestige or Premier to this card in order to keep points alive
Citi Rewards+ Student Card ➥More ⓘ $0 1st Yr Value Estimate None This card is not currently available to new applicants. No Annual Fee FM Mini Review: 10% points rebate (up to 10K rebate per year) make this a great choice to pool with ThankYou Premier, Prestige, and/or Double Cash
Citi® AAdvantage® Gold MasterCard® ➥More ⓘ $0 1st Yr Value Estimate This card is no longer available for new applications No Annual Fee First Year, Then $50 Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card hardly seems worth the $50 annual fee
Citi Double Cash Card ➥More ⓘ $0 1st Yr Value Estimate No Welcome Bonus No Annual Fee Recent better offer: None FM Mini Review: 2X rewards for all spend with no annual fee makes this card a winner. Earn 2X everywhere and redeem for the equivalent of 2% cash back or 2X ThankYou points. Pair with the Premier or Prestige card to make points transferrable to airlines.
Citi Dividend Platinum Select ➥More ⓘ $0 1st Yr Value Estimate Not available for new applicants No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Santander® Ultimate Cash Back® credit card ➥More ⓘ $0 1st Yr Value Estimate 3% back for 12 months 3% cash back for 12 months on up to $20K in purchases No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: While the headline is 3% back for a year, the bonus itself is an extra 1.5% back on up to $20K in purchases for the first year. That's certainly not a bad return on otherwise unbonused spend, but many other cards on the market that offer even moderately good welcome bonuses offer greater net return with significantly less spend.
Bilt Mastercard ➥More ⓘ $0 1st Yr Value Estimate None This card features no welcome bonus, but it offers the chance to earn 1x points when paying rent (on up to $50K per year in rent payments) with no annual fee. No Annual Fee FM Mini Review: If you pay rent and haven't been earning rewards, this card is a no-brainer as you can pay your rent and earn rewards with no fee. A surprisingly good set of transfer partners makes the rewards for using this for rent worth getting the card for that main purpose alone (as long as you remember to use the card 5 times per month).
Discover it Miles (First Year) ➥More ⓘ $0 1st Yr Value Estimate No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Bank of America Business Advantage Cash Rewards Mastercard (with Platinum Honors Preferred Rewards for Business) ➥More ⓘ $0 1st Yr Value Estimate No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Major League Baseball® BankAmericard Cash Rewards™ MasterCard® credit card ➥More ⓘ $0 1st Yr Value Estimate None This card is no longer available for new applicants. No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
BOA Business Advantage Travel Rewards World Mastercard (with Platinum Honors Preferred Rewards for Business) ➥More ⓘ $0 1st Yr Value Estimate No Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
JAL USA CARD ➥More ⓘ $-25 1st Yr Value Estimate 10K miles 10K miles after $5K spend in first 3 billing cycles with promo code SPG2020 $70 Annual Fee Note: Basic card earns 1 mile per $2 spent and has a $20 annual fee. To earn 1 mile per $1 spent, choose the "Premium" rewards for $70 annual fee. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card offers a poor earning structure of just 1 mile per dollar and a very weak bonus compared to required spend that it just isn't worth it.
Chase IHG® Rewards Club Select Credit Card ➥More ⓘ $-73 1st Yr Value Estimate This card is no longer available for new applications $49 Annual Fee Click here to view details about a similar card: IHG Rewards Club Premier Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 85K + $50: 80K after $1K spend in 3 months + 5K for adding authorized user + $50 statement credit after first purchase FM Mini Review: Those free night certificates issued before 5/1/18 are redeemable at any IHG property, but those issued after 5/1/18 are restricted to properties up to 40K per night. For only $49 per year, this still a good card to keep, but not to use for spend
Amtrak Guest Rewards World Mastercard ➥More ⓘ $-79 1st Yr Value Estimate None This card is not currently available to new applicants $79 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 50K + $100 statement credit after $2,500 spend
AT&T Access More Card ➥More ⓘ $-95 1st Yr Value Estimate This card is no longer available for new applications $95 Annual Fee This card is no longer available to new applicants. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Excellent choice for those who shop often online (thanks to 3X earnings)
Barclays Arrival® Premier World Elite Mastercard® ➥More ⓘ $-150 1st Yr Value Estimate This card is no longer available for new applications $150 Annual Fee This card is no longer available for new applications. Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card is best for earning JAL miles, which can be very valuable. If you spend exactly $15K or $25K per year, you can earn an effective 1.76 Japan Airlines miles per dollar or 2.14 miles per dollar with other transfer partners. Points can alternatively be redeemed for 1 cent each towards travel.
AAdvantage® AviatorTM Silver World Elite MasterCard® ➥More ⓘ $-195 1st Yr Value Estimate Available by invitation only $195 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: $25 per day of in-flight food & beverage credits is pretty interesting. If you fly AA enough to make good use of this, this card is well worthwhile.
Citi ThankYou Prestige Card ➥More ⓘ $-270 1st Yr Value Estimate None This card is no longer available. $495 Annual Fee Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: 75K after $7.5K spend in 3 months FM Mini Review: The Prestige card's best in class 5X rewards for dining, airfare, and travel agencies is hard to beat. Sadly, this travel card doesn't provide any travel protections.

Earn spend bonuses: elite status, free nights, etc.

Many credit cards offer bonuses for meeting high spend thresholds. You can find a comprehensive list here: Best big spend bonuses. Whether or not it makes sense paying Plastiq’s fee in order to reach these thresholds depends upon how much you value elite status or other rewards earned.

Here are a few examples of big spend bonuses available with Mastercard credit cards:

Chase Aeroplan Card: Renew 25K status w/ $15K spend ⚬ Status Boost w/ $50K spend ⚬ Priority Reward w/ $100K, $250K, $500K, or $750K spend ⚬ Free award companion for rest of calendar year and all of next with $1Million spend
IHG Premier Card or IHG Premier Business Card: 10K bonus points + $100 statement credit after you spend $20K in a calendar year + make one additional purchase ⚬ Diamond status after $40K in purchases + one additional purchase in a calendar year. Business card only: Free night certificate (up to 40K points) after $60K in purchases + one additional purchase in a calendar year.
American Airlines cards: Most American Airlines cards now earn Loyalty Points in addition to redeemable miles with spend. This makes it possible to earn elite status without flying. Some also offer extra bonuses for large spend. Here are some examples:
- Citi® AAdvantage Platinum Select® World Elite MasterCard: $125 AA Flight Discount with $20K membership year spend.
- Citi® AAdvantage Executive World Elite Mastercard: Earn 10,000 additional Loyalty Points after you spend $40,000 in purchases during the qualifying status year.
- CitiBusiness AAdvantage Platinum Select MasterCard: $99 companion certificate with $30K membership year spend.
- AAdvantage Aviator Red World Elite MasterCard: $99 companion certificate with $20K membership year spend.
- AAdvantage Aviator World Elite Business Mastercard: $99 companion certificate with $30K membership year spend.
Barclaycard JetBlue Plus, or JetBlue Business: Spend $50,000 and get Mosaic status which offers free checked bags; expedited security; early boarding; free drinks; enhanced point earnings; and 15,000 bonus points upon qualifying.

Earn rewards through spend

Not many cards earn rewards worth more than 2.85% when not considering welcome bonuses, bonus categories, or big-spend bonuses, but there are a few. Based on our estimated point values (Reasonable Redemption Values), you can earn up to 3% with the right card. That said, that’s such a small increment in value over Plastiq’s 2.85% fee that I wouldn’t recommend bothering with this unless you need the points for an even more valuable award.

The following table shows the cards that earn the best rewards for spend that is not within a bonus category. The list is limited to cards that (to the best of our knowledge) can be used to pay mortgage through Plastiq. If you press “next” often enough, you’ll find all matching cards in our database, but the first ones are those that offer the best rewards for everyday spend.

Card Info Name and Earning Rate (no offer)
Discover it Miles (First Year) Base 3% Earning rate: 1.5 miles per dollar for all spend. All Miles are doubled at the end of your first card membership year.
Citi Double Cash Card Base 2X (2.9%) Earning rate: 2% cash back everywhere (1% cash back for each purchase + 1% when paying your credit card bill for that purchase)
Business Advantage Unlimited Cash Rewards credit card (with Platinum Honors Preferred Rewards) Base 2.625X (2.63%) Earning rate: 1.5% everywhere; Earn up to 2.625% back everywhere with Bank of America Platinum Honors status
BOA Business Advantage Travel Rewards World Mastercard (with Platinum Honors Preferred Rewards for Business) Base 2.625X (2.63%) Travel 5.25X (5.25%) Earning rate: With Platinum Honors status with Bank of America's Business Advantage Relationship Rewards program, this card earns: 2.625X points for all spend (and 5.25X for travel purchased through BOA's travel center)
Amtrak Guest Rewards Platinum Mastercard Base 1X (2.56%) Brand 2X (5.12%) Earning rate: ⚬ 2X Amtrak ⚬ 1X elsewhere
Amtrak Guest Rewards World Mastercard Base 1X (2.56%) Travel 2X (5.12%) Brand 3X (7.68%) Earning rate: ⚬ 3X Amtrak ⚬ 2X qualifying travel ⚬ 1X elsewhere
Barclaycard Arrival Plus® World Elite Mastercard® Base 2X (2%) Earning rate: 2X Miles on all purchases
Barclays Arrival® Premier World Elite Mastercard® Base 2X (2%) Earning rate: 2X Miles on all purchases
SoFi Credit Card Base 2% Earning rate: 2X everywhere
Paypal Cashback Mastercard Base 2% Earning rate: 2% cash back everywhere
Virgin Atlantic World Elite Mastercard Base 1.5X (1.95%) Brand 3X (3.9%) Earning rate: 3X Virgin Atlantic ⚬ 1.5X everywhere else
Air France KLM World Elite Mastercard Base 1.5X (1.95%) Brand 3X (3.9%) Earning rate: 3X on Air France, KLM, and SkyTeam purchases ⚬ 1.5X everywhere else
Chase IHG® Rewards Premier Credit Card Base 3X (1.8%) Travel 5X (3%) Dine 5X (3%) Gas 5X (3%) Brand 10X (6%) Earning rate: 10X IHG ⚬ 5X travel, dining, and gas stations ⚬ 3X on all other purchases
Chase IHG® Rewards Premier Business Credit Card Base 3X (1.8%) Travel 5X (3%) Dine 5X (3%) Gas 5X (3%) Office 5X (3%) Brand 10X (6%) Earning rate: 10X IHG ⚬ 5X travel, gas stations, restaurants and dining, social media and search engine advertising, office supply stores ⚬ 3X on all other purchases
Citizens Bank Cash Back Plus® World Mastercard® Base 1.8% Dine 10% Grocery 10% Earning rate: 10% back on groceries, restaurants, and takeout on up to $500 in purchases each month until 5/5/21
Bank of America Business Advantage Cash Rewards Mastercard (with Platinum Honors Preferred Rewards for Business) Base 1.75% Travel 5.25% Dine 3.5% Gas 5.25% Phone 5.25% Office 5.25% Biz 5.25% Earning rate: With Platinum Honors status with Bank of America's Business Advantage Relationship Rewards program, this card earns: 3.5% on dining plus 5.25% on 1 choice from: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services (for the first $50,000 in combined choice/dining purchases each calendar year, 1.75% thereafter) and 1.75% everywhere else.
Bilt Mastercard Base 1X (1.55%) Travel 2X (3.1%) Dine 3X (4.65%) Earning rate: Must use your card for 5 purchases per month, then: 3x Dining ⚬ 2x Travel ⚬ 1x rent (up to 50,000 points per year) ⚬ 1x everywhere else
Chase Freedom Flex Base 1X (1.5%) Dine 3X (4.5%) Shop 5X (7.5%) Other 5X (7.5%) Earning rate: 5x travel booked through Chase ⚬ 5X Lyft through March 2025 ⚬ 3x dining ⚬ 3x drugstores ⚬ 5X in rotating categories on up to $1,500 spend per quarter. 2022 Q2: 5x Amazon and select streaming services
BOA Business Advantage Travel Rewards World Mastercard Base 1.5X (1.5%) Travel 3X (3%) Earning rate: 1.5X everywhere; 3X for travel booked through BOA's travel center
Business Advantage Unlimited Cash Rewards credit card Base 1.5X (1.5%) Earning rate: 1.5% everywhere; Earn up to 2.625% back everywhere with Bank of America Platinum Honors status. Note that you'll need Preferred Rewards on the business side ("Preferred Rewards for Business") to earn a greater return.
Discover it Business - Double cash back your first year Base 1.5X (1.5%) Earning rate: 1.5% cash back for all spend.
Santander® Ultimate Cash Back® credit card Base 1.5% Earning rate: 1.5% everywhere
Discover it Miles - Double Miles your first year Base 1.5% Earning rate: 1.5 miles per dollar for all spend.
Barclaycard CashForward Base 1.5% Earning rate: 1.5% everywhere
The Comenity® Mastercard® Credit Card Base 1.5% Earning rate: 1.5% everywhere
Citi Rewards+ Card Base 1X (1.45%) Gas 2X (2.9%) Grocery 2X (2.9%) Earning rate: 2X at supermarkets and gas stations on up to $6,000 per year ⚬ Round up to nearest 10 TY points on all purchases
Citi Custom Cash Card Base 1X (1.45%) Travel 5X (7.25%) Dine 5X (7.25%) Gas 5X (7.25%) Grocery 5X (7.25%) Other 5X (7.25%) Earning rate: 5x on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1x thereafter. Eligible categories: Restaurants, Gas Stations, Grocery Stores, Select Travel, Select Transit, Select Streaming Services, Drugstores, Home Improvement Stores, Fitness Clubs and Live Entertainment. ⚬ 1x on all other purchases
AT&T Access Card Base 1X (1.45%) Travel 2X (2.9%) Shop 2X (2.9%) Brand 2X (2.9%) Earning rate: ⚬ 2 points per $1 on products and services that are purchased directly from AT&T ⚬ 2 points per $1 on all purchases at online retail and travel sites ⚬ 1 point per $1 on all other purchases
AT&T Access More Card Base 1X (1.45%) Travel 3X (4.35%) Shop 3X (4.35%) Brand 3X (4.35%) Earning rate: ⚬ 3 points per $1 on products and services that are purchased directly from AT&T ⚬ 3 points per $1 on all purchases at online retail and travel sites ⚬ 1 point per $1 on all other purchases
Citi Rewards+ Student Card Base 1X (1.45%) Gas 2X (2.9%) Grocery 2X (2.9%) Earning rate: 2X at supermarkets and gas stations on up to $6,000 per year ⚬ Round up to nearest 10 TY points on all purchases
Citi ThankYou Preferred Card Base 1X (1.45%) Dine 2X (2.9%) Other 2X (2.9%) Earning rate: 2X dining and entertainment
Citi Premier Card Base 1X (1.45%) Travel 3X (4.35%) Dine 3X (4.35%) Gas 3X (4.35%) Grocery 3X (4.35%) Earning rate: 3X grocery ⚬ 3X dining ⚬ 3X gas stations ⚬ 3X flights, hotels, travel agencies
Citi ThankYou Prestige Card Base 1X (1.45%) Travel 5X (7.25%) Dine 5X (7.25%) Earning rate: 5X airfare, dining, and travel agencies ⚬ 3X hotels and cruise line ⚬ 1X everywhere else
Citi Business ThankYou Card Base 1X (1.45%) Other 3X (4.35%) Earning rate: 3X rotating quarterly categories
Brex Cash Base 1X (1.4%) Travel 5X (7%) Dine 4X (5.6%) Biz 3X (4.2%) Other 8X (11.2%) Earning rate: 8x Rideshare ⚬ 5x Brex Travel ⚬ 4x Restaurants ⚬ 3x on recurring software like Salesforce, Zendesk, Twilio, and more ⚬ 1x everywhere else
Barclays JetBlue Plus Mastercard Base 1X (1.33%) Dine 2X (2.66%) Grocery 2X (2.66%) Brand 6X (7.98%) Earning rate: 2X restaurants and grocery ⚬ 6X JetBlue ⚬ 1X everywhere else
JetBlue Card Base 1X (1.33%) Dine 2X (2.66%) Grocery 2X (2.66%) Brand 3X (3.99%) Earning rate: ⚬ 2X restaurants and grocery ⚬ 3X JetBlue ⚬ 1X everywhere else⚬
JetBlue Business Card Base 1X (1.33%) Dine 2X (2.66%) Office 2X (2.66%) Brand 6X (7.98%) Earning rate: ⚬ 2X restaurants and office supply stores ⚬ 6X JetBlue ⚬ 1X everywhere else
The Aeroplan® Card Base 1X (1.3%) Dine 3X (3.9%) Grocery 3X (3.9%) Brand 3X (3.9%) Earning rate: 3X Air Canada ⚬ 3X grocery stores ⚬ 3X dining ⚬ 500 bonus points with each $2K calendar month spend, up to $6K spend per month
AAdvantage® AviatorTM Business MasterCard® Base 1X (1.3%) Travel 2X (2.6%) Phone 2X (2.6%) Office 2X (2.6%) Earning rate: ⚬ 2X AA, office supply, telecommunications services, and at car rental agencies ⚬ 1X everywhere else
Virgin Atlantic White Card Base 1X (1.3%) Brand 3X (3.9%) Earning rate: ⚬ 3X Virgin Atlantic ⚬ 1X elsewhere
AAdvantage® AviatorTM Silver World Elite MasterCard® Base 1X (1.3%) Travel 2X (2.6%) Brand 3X (3.9%) Earning rate: ⚬ 3X AA ⚬ 2X hotel and car rentals ⚬ 1X everywhere else
AAdvantage Aviator Red World Elite MasterCard Base 1X (1.3%) Brand 2X (2.6%) Earning rate: ⚬ 2X AA ⚬ 1X everywhere else
Lufthansa Miles & More® Premier World MasterCard® issued by Barclays Base 1X (1.3%) Brand 2X (2.6%) Earning rate: 2X Miles & More
American Airlines AAdvantage MileUp Card Base 1X (1.3%) Grocery 2X (2.6%) Brand 2X (2.6%) Earning rate: 2X grocery ⚬ 2X AA ⚬ 1X everywhere else
Citi® / AAdvantage® Platinum Select® World Elite MasterCard Base 1X (1.3%) Dine 2X (2.6%) Gas 2X (2.6%) Brand 2X (2.6%) Earning rate: 2X restaurants ⚬ 2X gas ⚬ 2X AA
Citi® AAdvantage® Gold MasterCard® Base 1X (1.3%) Earning rate:
JAL USA CARD Base 1X (1.3%) Earning rate:
CitiBusiness AAdvantage Platinum Select World MasterCard Base 1X (1.3%) Travel 2X (2.6%) Gas 2X (2.6%) Phone 2X (2.6%) Brand 2X (2.6%) Earning rate: ⚬ 2X AA ⚬ 2X certain telecommunications merchants ⚬ 2X car rental merchants ⚬ 2X gas
Citi AAdvantage® Executive World Elite MasterCard® Base 1X (1.3%) Brand 2X (2.6%) Earning rate: 2X AA
Upromise World MasterCard® issued by Barclays Base 1.25% Earning rate: Earn 1.529% back on your purchases when your Upromise Program account is linked to an eligible College Savings Plan or 1.25% if it is not.
Chase IHG® Rewards Traveler Credit Card Base 2X (1.2%) Dine 3X (1.8%) Gas 3X (1.8%) Phone 3X (1.8%) Brand 5X (3%) Other 3X (1.8%) Earning rate: ⚬ 5X IHG ⚬ 3x dining, gas stations utilities, cable, Internet, phone, and select streaming services ⚬ 2X everywhere else
Emirates Skywards Premium World Elite Mastercard Base 1X (1.2%) Travel 2X (2.4%) Brand 3X (3.6%) Earning rate: 3X Emirates ⚬ 2X airfare, hotel, and car rentals ⚬ 1X everywhere else
Emirates Skywards Rewards World Elite Mastercard Base 1X (1.2%) Travel 2X (2.4%) Brand 3X (3.6%) Earning rate: 3X Emirates ⚬ 2X airfare, hotel, and car rentals ⚬ 1X everywhere else
Best Western Rewards Premium MasterCard issued by First Bankcard Base 2X (1.08%) Brand 10X (5.4%) Earning rate: 10X at Best Western properties ⚬ 2X elsewhere
HSBC Premier World Elite Mastercard® credit card Base 1X (1%) Travel 3X (3%) Dine 2X (2%) Earning rate: 3x travel (includes airlines, hotels, and car rentals) ⚬ 2x dining
Norwegian Cruise Line® World Mastercard® Base 1X (1%) Travel 2X (2%) Brand 3X (3%) Earning rate: 3x Norwegian cruise line purchases ⚬ 2x air and hotel
Allegiant World Mastercard® Credit Card Base 1X (1%) Dine 2X (2%) Brand 3X (3%) Earning rate: 3x Allegiant ⚬ 2x dining
Barclays Arrival™ World MasterCard® Base 1X (1%) Travel 2X (2%) Dine 2X (2%) Earning rate: ⚬ 2X Miles for travel and dining ⚬ 1X everywhere else
Discover it® Base 1X (1%) Gas 5X (5%) Other 5X (5%) Earning rate: 5X in rotating categories, up to $1500 spend per quarter. 2022 Q2: 5% gas stations and Target
Discover it® for Students Base 1X (1%) Gas 5X (5%) Other 5X (5%) Earning rate: 5X in rotating categories, up to $1500 spend per quarter. 2022 Q2: 5% gas stations and Target
HSBC Premier World Mastercard® credit card Base 1X (1%) Travel 2X (2%) Earning rate: 2x travel (includes airlines, hotels, and car rentals)
New Orleans Pelicans Credit Card Base 1% Dine 4% Gas 4% Brand 4% Other 4% Earning rate: 4x gas ⚬ 4x bars, restaurants, and select food delivery services ⚬ 4x on Pelicans tickets ⚬ 10% statement credit for concessions purchases at Smoothie King Center and at the in-venue and online Pelicans team store
Miami Marlins Credit Card Base 1% Dine 3% Brand 5% Other 3% Earning rate: 5x on Marlins tickets ⚬ 5% back on retail & concessions at IoanDepot Park ⚬ 3x on dining, food delivery, gas and drugstores ⚬ 1x on everything else
Huntington Voice Base 1% Travel 3% Dine 3% Gas 3% Grocery 3% Shop 3% Office 3% Biz 3% Other 3% Earning rate: 3% cash back on up to $2K in spend in the category you choose each quarter: gas stations, travel & entertainment, restaurants, discount & warehouse stores, grocery stores, utilities & office supply stores, electronics and computer and camera stores, department and apparel and sporting good stores, auto parts & service, and home improvement stores
Liverpool FC Credit Card Base 1% Dine 3% Brand 5% Other 5% Earning rate: 5x points on Liverpool FC merchandise at the Official Liverpool FC Store and on Liverpool FC ticket purchases, select rideshare and streaming services ⚬ 3x at bars, restaurants, and select delivery services ⚬ 1x everywhere else
Manchester United Credit Card Base 1% Dine 5% Other 5% Earning rate: 5x rideshare and streaming services ⚬ 5x bars and restaurants on match days ⚬ 1x everywhere else
SEFCU Lightning Credit Card® Base 1% Grocery 3% Shop 5% Earning rate: 5x online purchases until 1/31/21 ⚬ 3x grpcery on up to $1250 per quarter
Marvel MasterCard from Synchrony Base 1% Brand 3% Other 3% Earning rate: ⚬ 3% cash back for dining, select entertainment, and Marvel purchases (Select entertainment = Movie Theatres, Video Rental and Game Stores, Theatrical and Concert Promoters, Amusement Parks, Digital Entertainment, Games and Software, Music, Books and Newsstands, Toys and Hobby Stores)
Ridgewood Savings Bank World Mastercard Base 1% Travel 2% Dine 3% Earning rate: 3x travel & dining ⚬ 2x gas
Major League Baseball® BankAmericard Cash Rewards™ MasterCard® credit card Base 1% Travel 3% Dine 3% Gas 3% Grocery 2% Shop 3% Other 3% Earning rate: 2% at grocery stores and wholesale clubs and 3% on one category of your choice between gas, online shopping, dining, travel, drug stores, or home improvement/furnishings (can choose a new category monthly) up to the first $2,500 in combined 2% and 3% category purchases each quarter, then 1%.
Bank of America Business Advantage Cash Rewards Mastercard Base 1% Travel 3% Dine 2% Gas 3% Phone 3% Office 3% Biz 3% Earning rate: 2% on dining plus 3% on 1 choice from: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services (for the first $50,000 in combined choice/dining purchases each calendar year, 1% thereafter) and 1% everywhere else.
ABOC Platinum Rewards Base 1% Dine 5% Grocery 5% Shop 5% Other 5% Earning rate: 5x in rotating categories, up to $1500 spend per quarter. 2021 Q4: Dining, Groceries, Liquor Stores, Amazon.com
Citi Dividend Platinum Select Base 1% Grocery 5% Other 5% Earning rate: 5X on rotating categories each quarter. 5% limited to $6K spend per year. 2022 Q2: 5% at grocery stores and drugstores
AARP® Essential Rewards Mastercard® Base 1% Gas 3% Other 3% Earning rate: 3% drugstores and gas stations ⚬ 2% medical expenses ⚬ 1% everywhere else
AARP® Travel Rewards Mastercard® Base 1% Travel 3% Dine 2% Earning rate: 3% airfare, hotel stays, and car rentals ⚬ 2% restaurants ⚬ 1% everywhere else
Cleveland Cavaliers Credit Card Base 1% Dine 3% Grocery 3% Brand 5% Earning rate: 5x Cavs season tickets and streaming services ⚬ 3x other Cavs tickets, dining, grocery, and delivery ⚬ 1x everywhere else
Frontier Airlines World MasterCard® Base 1X (0.95%) Dine 3X (2.85%) Brand 5X (4.75%) Earning rate: 5X at FlyFrontier.com ⚬ 3X restaurants
Sonesta World Mastercard Base 1X (0.75%) Travel 2X (1.5%) Brand 3X (2.25%) Earning rate: 2X airfare, car rental and dining ⚬ 3X Sonesta
The Hawaiian Airlines® Business MasterCard® issued by Barclays Base 1X (0.75%) Dine 2X (1.5%) Gas 2X (1.5%) Office 2X (1.5%) Brand 3X (2.25%) Earning rate: 3X Hawaiian Airlines ⚬ 2x gas, dining, and office supply stores ⚬ 1x everywhere else
The Hawaiian Airlines® World Elite MasterCard® issued by Barclays Base 1X (0.75%) Dine 2X (1.5%) Gas 2X (1.5%) Grocery 2X (1.5%) Brand 3X (2.25%) Earning rate: 3X Hawaiian Airlines ⚬ 2x gas, dining, and grocery stores ⚬ 1x everywhere else
Citi® Expedia Rewards Credit Card Base 1X (0.71%) Brand 3X (2.13%) Earning rate: 3X Expedia purchases
Citi® Expedia®+ Voyager Card Base 1X (0.71%) Dine 2X (1.42%) Brand 4X (2.84%) Other 2X (1.42%) Earning rate: 4X Expedia purchases ⚬ 2x restaurants & entertainment
Chase IHG® Rewards Club Select Credit Card Base 1X (0.6%) Dine 2X (1.2%) Gas 2X (1.2%) Grocery 2X (1.2%) Brand 5X (3%) Earning rate: ⚬ 5X IHG ⚬ 2X gas, grocery, and restaurants

Conclusion

It’s possible to earn huge rewards by regularly signing up for new credit cards and using your mortgage spend to earn welcome bonuses. In some cases, even without a welcome bonus, it can make sense to pay Plastiq’s fees in order to earn “big-spend” bonuses such as elite status, free nights, companion tickets, etc. I don’t usually recommend paying your mortgage through Plastiq without earning a welcome bonus or big spend bonus, but it can make sense at times. For example, by using the Citi Double Cash card, you can earn 2 ThankYou points per dollar. After Plastiq’s 2.85% fee, that’s like paying 1.425 cents per point. That can make sense if you also have a Premier or Prestige card so that you can transfer points to loyalty programs in order to book high value rewards.

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Jake

23 days ago

my mortgage company allows me to pay my mortgage via debit card with no fees (caliber). Could I use the Point Debit card to pay and earn 2%?

John

24 days ago

Sometimes earning points can be alot of work and effort that takes time and gas. Sometimes you can earn points in your sleep. I call paying my mortgage on the Double Cash through Plastiq pajama points because they automatically earn points each month. Yes, the fee of 2.9% stinks, but I consider that these points will earn way more than 2.9%. If my aggregate methods of earning points has some cheaper ways (Rakuten), and some more costly Plastiq, and some in between, then that is all part of the game.

Josh

25 days ago

At first reading the title, I thought there was a way to pay for mortgage with credit cards without fees.
I still haven’t given up hope…

value

25 days ago

This is very high cost to buy points or status. Unless you have a signup bonus that you just cannot meet the spending requirement, I think all other use case you are at loss.

jeph36

25 days ago

With a title like that, I was hoping Greg would have some big reveal for a lucrative approach to paying a mortgage. Even if it was convoluted, I would have considered it. I guess instead this serves as a confirmation of what I was already understanding to be the case. Other than the occasional school fee for the kids, I pay almost my entire life through CC … except mortgage. Oh well, at least I was able to refinance in late 2020 to well under 3%.

Is it possible to use Plastiq with MC prepaid GCs, which could then be drawn down to pay for mortgage?

Ezra

Reply to jeph36

25 days ago

No plastiq doesn’t take prepaid debit, VC or MC. They banned it more than a year ago.

LarryInNYC

25 days ago

Curious as to whether anyone knows why there’s such hostility among the credit card issuers to using their cards to pay your mortgage? It seems like a legitimate use to me.

JoeSchmo

Reply to LarryInNYC

25 days ago

I’m guessing it’s due to a fear of the credit user failing to pay the balance and the CC issuer prob can’t get their money back from the home equity.

LarryInNYC

Reply to JoeSchmo

25 days ago

How is this different from any other charge you make on a credit card?

Biggie F

Reply to LarryInNYC

25 days ago

Yeah, it’s debt on debt … a bit like you taking out a second mortgage without any approved collaterilization (if that’s a word).

Reno Joe

Reply to LarryInNYC

25 days ago

Technically, the Visa network doesn’t prohibit using a Visa card to process a debt payment. But, the Visa network characterizes a debt payment as a cash-like transaction. As such, a person will not earn points and will be charged a cash advance fee. While it’s not prohibited, it’s impractical. I believe Amex has an outright prohibition.

To extend Greg’s concept, one could use a payment service to pay a car loan, a student loan . . . any kind of loan. It just needs to be on a Mastercard.

For those in business, there is an alternative to Plastiq. It’s called Melio Payments. Melio’s fees are roughly the same as Plastiq, although I believe it is experimenting with alternative fee structures. It is important to note that ONLY business-related payments are allowed. That being said, payment of a mortgage on an investment property is allowed.

Last edited 25 days ago by Reno Joe

LarryInNYC

Reply to Reno Joe

25 days ago

What I don’t understand is why they would treat a mortgage payment differently from, say, a phone bill payment?

Reno Joe

Reply to LarryInNYC

25 days ago

Let’s say that I lend you $1k in cash. Let’s say that you want to pay me back and use a credit card to do so. The card issuer doesn’t see this as a purchase of either a good or a service. It is an interpersonal transfer.

Let’s say that I lend you $1k for a home loan. How does the card issuer know the difference.

For tax purposes, the interpersonal transfer is not taxable. The home loan payment is taxable.

When a payment is made to a person via PayPal, PayPal asks whether it is a interpersonal transfer or for goods/services. If it is interpersonal, no 1099. If it is for goods/services, yes 1099.

As characterization of every loan repayment type could be unwieldy, I’m guessing that Amex and Visa wanted a simple straightforward characterization of all loan repayments — even if it means disallowing things like a mortgage, car loan, or student loan. I think it was too much of an administrative burden.

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