Targeted Plastiq promo: No service fee for 2 months when scheduling 6 months of mortgage/rent payments



As reported by Doctor of Credit, Plastiq is sending out a targeted offer for 2 months of rent or mortgage payments with no service fee when you schedule 6 months of payments and pay with a Mastercard.

Plastiq normally charges 2.5% for Mastercard payments, though they target some people/accounts for a 2% fee on Mastercard payments. As this promotion offers two months free out of six total months of payments, your net fee savings will be 33% — dropping your net fee for six months of Mastercard payments to either 1.66% or 1.33%.  Using a 2% back card will net you a small profit.  Alternatively, some Plastiq payments code for 3X with a Citi AT&T Access More card, though this does not always seem predictable.

To qualify for the promotion, the first payment must be scheduled by March 31st.

To read more about this deal, see this Doctor of Credit post.

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What would happen if you canceled the payments after the 2 months?


I have the same question — I’m surprised it wasn’t structured such that your 5th & 6th payments are the fee-free ones!


…answering my own question, actually reading the linked post above says: “Cancellation of a promotion-qualifying schedule will result in a charge of the waived fee amount”


I scheduled 9 payments and first one before 3/31, but under the breakdown, I still see 2.5% for my first 2 payments…will it reflect when it’s time?


I was targeted and still won’t be participating. I don’t like locking myself into 6 months on one card. I’m almost always working on a minimum spend requirement and without the ability to swap cards its just not worth it to lock up 6 months of a mortgage payment.