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Thursday, September 17, 2015

Use a MasterCard to pay new businesses online with Plastiq for 1.5%

On occasion we have mentioned the company Plastiq here on Rewards Canada. They are a company that allows you to pay companies that don't accept credit cards with your credit card. Essentially you pay Plastiq with your credit card and they submit the payment on your behalf. Of course, there is a fee for doing this. That fee varies but we have seen promos as low as 0% to regular rates of 1.99% and higher.

Today they launched a new promotion for the remainder of September where you can pay new businesses (any business you have not made a payment to before with Plastiq) with a MasterCard card and only pay a 1.5% fee.

You can find out more about this offer here

What does this mean? If your rewards credit card provides you with a value of at least 1.5% or more then you should look at this offer as those points, miles or cashback are worth more than the fee and you are coming out ahead. Some examples of MasterCard cards that are at or over the 1.5% level are as follows:

BMO World Elite MasterCard
BMO CashBack World Elite MasterCard
CUETS World Elite or Platinum MasterCards

Diners Club Club Rewards MasterCard
mbna Rewards World Elite MasterCard
mbna Alaska Airlines MasterCard
WestJet RBC World Elite MasterCard

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