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Plastiq has changed the way their referral program works. From now on, you will earn $1,000 in Fee-Free Dollars for every referral that makes at least $500 in payments. The referral will also earn $500 Fee-Free Dollars for doing so.

To be clear, they don’t have to make one payment of $500–it can be cumulative.

The way Plastiq’s referral program used to work:

Screen Shot 2016-05-02 at 8.36.13 PMScreen Shot 2016-05-02 at 8.36.21 PM

The way it works now (taken from an email I received two days ago):

The catch is that the referral must make at least $500 in payments through Plastiq to trigger the 1,000 Fee-Free Dollars for the referrer as well as the 500 Fee-Free Dollars for themselves. Before, a payment of just $20 triggered the benefits.

Back up…How Does Plastiq Work?

Plastiq is an online bill payment processing system that allows you to pay bills you’d normally pay in cash or with a check on a debit card (for a 1% fee) or credit card (for a 2.5% fee).

To make payments on, you simply specify who you want to pay, and Plastiq pays them either via check or electronic transfer depending on what the recipient accepts. You are notified once your payment is received.

FFDs are “Fee-Free Dollars”–basically amounts of payments you can make without incurring the card processing fee. You have 90 days to use the FFDs after you earn them.

Where can I find my referral link?

Everyone that signs up on for an account on is given a referral link they can share with anyone new who is signing up. Once you’re logged in, click on the little person in a circle on the upper right hand side of the screen and a drop-down menu will display options to view different aspects of your account. Or if you’re already in your account, on the left hand side click “Rewards & Referrals”.

Who and What You Can and Cannot Pay via Plastiq

Examples of Who and What You Can Pay

  • Anyone providing a good or a service
  • Tuition and housing fees
  • Taxes (income and property)
  • Rent
  • Utilities
  • Insurance
  • Mortgages
  • Car payments
  • Home loan payments
  • Home repairs/construction

Examples Who and What You Cannot Pay

Read Is Plastiq Worth It? Paying Your Bills Online with Credit Cards to Earn Miles to learn who and what you can and cannot pay via Plastiq.

Did you scoop up one of the Starwood Preferred Guest Credit Cards with the 35k SPG points bonuses earlier this month? The payoff is big, but the minimum spending requirements are pretty high–$5k for the personal card and $8k for the business card. Using Plastiq to pay your mortgage, taxes, rent, car payments and more can really boost your spending power.

Feel free to leave your referral links in the comments.

Here’s mine.

Bottom Line

You’ll now earn 1,000 Fee-Free Dollars, and your friend 500 Fee-Free Dollars, when that friend makes at least $500 in payments through Plastiq.

Plastiq can be quite helpful for meeting large minimum spending requirements when you might not otherwise be able to. Even without Fee-Free Dollars, using Plastiq for this purpose is probably worth it if the return is high–i.e. the sign up bonus is large.

But even better, you can pay your bills with no fee if you accrue FFDs. 1,000 FFDs is a much higher payoff to the referrer than the previous 400, and 500 FFDs is a higher payoff to the referral who previously only earned 200. Granted the minimum amount of payment(s) required to trigger the benefits is much higher now than it was before ($500 vs $20).

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel Portal and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!

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