Plastiq charges 2.5% to charge your credit card for bills that require you paying your bill on time, and sometimes runs promotion offering a reduced interest rate. Specifically, Plastiq was offering only 1.75% to pay your rent with a MasterCard. All you have to do it sign up, enter the service providers mailing address and viola, your bill is paid! Plastiq accepts all major credit cards, including Visa, Mastercard, American Express, and now Discover cards. Plastiq also allows you to set repeat payments for recurring bills, which is a huge time saver and avoids late charges.
Currently, Plastiq has a special offer for Lehigh Student Housing Rentals web visitors!
Sign up now and make a payment of at least $20 to earn $200 to spend without a service fee.
For students who may have signed up for a new credit card, after reading our last two blog post, Credit score education 101 and What's your credit score?, were approved, and as a result, are trying to meet the minimum spending requirement - usually around $3,000 - $5,000 on a new account, paying your bills with Plastiq is generally a no-brainer. The reason is because a bonus of 50,000 - 100,000 miles could be worth more than $1,000, whereas the Plastiq service fees are relatively small (only 2.5% of your bill).
For example, if you have to spend $5,000 on your new Chase Reserve Card or Chase Marriott Rewards credit card, which is currently offering a 100,000 and 80,000 point bonus, respectively, in order to satisfy the minimum spending threshold, the service fee on paying $5,000 worth of bills, such as your college tuition or your rent, is only $137.50. Numerous web sites, like The Points Guy, value the perks of the Chase Reserve credit card and the bonus points to be well over $1,700, which includes the 100,000 points, $300 travel statement credit, Priority Pass and more! The Chase Marriott Rewards card could easily be worth $1,000, including Silver Elite status, 2 free nights at a Category 8 property, and a free anniversary night at a Category 1-5 property. Therefore, paying the $137.50 is well worth both of these Chase credit cards.
So, what are you waiting for? Sign up for Plastiq today! Pay your bills without the hassle, pay on time, and earn major credit cards on all your purchases!
We'd love to hear about your experience with Plastiq!
#LSHR is a blog about off-campus student housing, financial education, networking, travel and helping you build your career.