MileValue is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit to learn more.

Note: Some of the offers mentioned below may have changed or are no longer be available. You can view current offers here.

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). Right now Plastiq is running a promotion to lower that credit card fee to 1.5% if you use your MasterCard to pay three mortgage payments before the end of 2017.

The cap you can save on fees is $200, which means the promo fee rate of 1.5% applies to just your first $20,000 in mortgage payments. To be clear–all three payments must be scheduled before the end of this year to count.

Pay 2.5% Upfront, Get 1% Rebated

The reduced fee works in the form of a rebate. You will originally be charged the full 2.5% fee, and you’ll get 1% back via check sent to your address (technically the address on file for the credit card you made the payment with). The rebate check shouldn’t be sent any later than January 5, 2018.

Make Sure You Are Targeted

Apparently this promotion is targeted. In the conditions, it reads that you will see a notification of eligibility on the payment review screen if you are indeed targeted.

When it’s Worth it

If you are trying to a meet a minimum spending requirement on a MasterCard, there’s no doubt paying a 1.5% to process your mortgage payment is worth it. Otherwise, as long as your return is higher than 1.5% (like with the Citi Double Cash Card which gives 2% cash back) then it’s worth it.

How Plastiq Works

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.

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.

Plastiq Referral Program

Fee Free Dollars are credits you earn to make payments without that fee when someone signs up and uses Plastiq through your referral link.

Basically, when someone signs up through your unique referral code and pays $500 of bills through Plastiq, you will earn $1,000 Fee Free Dollars and your friend will earn $500. Read more about how the referral program works here.

IMPORTANT NOTE: You probably shouldn’t stack Fee Free Dollars with this promotion as you won’t get the full rebate if you do…

Bottom Line

Schedule three mortgage payments on your MasterCard using Plastiq before 11:59 ET December 31 and you will only have to pay 1.5% credit card processing fees instead of the normal 2.5% fee (with 1% returned in the form of a rebate). If you are currently meeting a high minimum spending requirement on a MasterCard, this could be great news!

Just be sure to check if you were targeted on the payment review screen before confirming or you could end up without a rebate.

Hat tip Doctor of Credit

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!

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

The comments section below is not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all questions are answered.