Plastiq: Pay Bills (Rent, Mortgage, Tuition Fee, etc.) With a Credit Card! (2018.2 Update: Now ACH Transfer Is Available!)


2018.2 Update: Now Plastiq supports ACH Transfer! Previously Plastiq can only send checks to recipients, thus it is quite slow and there is a risk that the mail is lost. Now you can choose ACH Transfer when adding new recipients, see screenshot below. It will be much faster (2~3 business days) and reliable. To get started, you need to first verify your account (receive a text code) (It seems this is targeted).

READ: Check out the new promotional program that Chase bank offers and get a chance to receive $


Plastiq is a 3rd-party payment processor that offers the ability to pay any type of bill (such as rent, mortgage, tuition fee, etc.) with a credit (or debit) card for a fee. Payments can be sent to both businesses and individuals. The recipient will receive an electronic payment if they are in Plastiq’s system, or a check delivered by USPS if they are not.


  • Credit card payments (Visa, MasterCard, AmEx, Discover) – 2.5% fee
  • Debit card payments – 1.0% fee
  • Prepaid cards as processed as credit, but can be used on Plastiq
  • Plastiq often runs promotions that decrease processing fees.
  • Processing fees will be generate their own line item separate from the payment amount on your credit card statement
  • Generous referral program (see below)

Why Do We Care?

Similar to RadPad but with lower fees and the ability to pay anyone, Plastiq is a great way to knock out minimum spend requirements on new credit cards.

You may also earn extra points/miles when purchases code in bonus categories. Plastiq may also earn 3x points for “online purchases” with the Citi AT&T Access More card. Note that different payees in Plastiq may be coded as different categories, so YMMV. Not all payees are identified as “travel” or “online purchases” in Plastiq, so it is best to do a small test payment to make sure you earn 3x. Previously you can earn 3x UR points with CSR, but it’s no longer the case any more.

Is the 2.5% Fee Worth It?

The efficacy of earning points or miles while paying a 2.5% fee is highly dependent on your valuation of the points or miles you are earning (use our Points and Miles Values if you aren’t sure). To me, this fee is acceptable in two scenarios:

  1. You are working towards a minimum spend (cheaper than RadPad).
  2. Your purchase codes as “travel” or “online purchases” and earns 3x Ultimate Rewards or Thank You Points, respectively.

I was recently in scenario #1 and used Plastiq to meet the $15,000 minimum spend requirement for 100,000 Membership Rewards (MR) points on the Business Platinum card from American Express by setting up 3 rent payments through Plastiq. I earned a total of 122,500 MR (100,000 MR signup bonus + 15,000 MR for spending $15,000 + 7,500 MR for 1.5x MR on purchases over $5,000 on the Business Platinum) at a cost of $375 ($15,000 * 2.5%). This means I paid 0.3 cents/point ($375*100/122,500). We place a value of 1.6 cents/point on MR, meaning in this situation I bought MR at approximately an 81% discount! If you prefer cashback, you can cash out MR at 1.25 cents/point with the AmEx Platinum for Charles Schwab for a cash profit of $1156!

Scenario #2 will be more subjective based on your individual point valuation. If the credit card you use codes as a bonus 3x category with Plastiq and you are able to earn Chase Ultimate Rewards (UR) or Citi Thank You Points (TYP) at a rate of 3 points per dollar spent, you are effectively buying points at 0.83 cent/point. Even if you cash out UR or TYP at their base value of 1 cent/point, you come out ahead using Plastiq to pay rent.


Plastiq often (not always) requires you to send in a copy of your rental agreement for verification prior to processing your rent payment, or a bill or invoice for paying other bills. If you have roommates, you can offer to pay rent for the whole house or apartment and have your roommates reimburse you directly. Additionally, you can have the payment sent to your address for hand-delivery to the “landlord”, which may provide a creative outlet for some using this service.

Cash Advances on Visa


Some people have reported seeing a warning that the payment would process on a cash-advance when using a Visa. As reported by Frequent Miler, Plastiq may code the FIRST transaction with someone who is not in their system (such as a landlord) as a cash advance ONLY when using a Visa. The solution is: you should make the first payment with a MasterCard, and several days later after the first payment is done, Plastiq will recognize this recipient and won’t mark Visa payments as cash advance any more. If you can not solve this problem in this way, you can also try to email Plastiq at [email protected] to get your landlord or other payment recipient added to their system in order to avoid cash advance.

What Cards Can Be Used Towards Mortgage?

You can not use AmEx or Visa cards on Plastiq to pay for mortgage, but you can use MasterCard and Discover cards.

How Long Does It Take for the Payment to Arrive?

It usually takes ~10 days for the check to arrive, so don’t make a payment via Plastiq near the due date, do it in advance!


Plastiq offers a referral program where the referrer gets $1000 fee-free dollars (FFD) and the new signup receives $500 fee-free dollars after making $500 worth of payments through Plastiq ($1000 and $500 worth of free payment processing without the 2.5% fee). There is no cap on the amount of FFD you can earn through referrals. Please consider using our referral link to receive your $500 fee-free dollars!


Plastiq is a great way to meet your minimum spending requirement, especially when you use Plastiq to pay large bills such as rent, mortgage, tuition fees, etc. You don’t even need to go out of your home to meet the minimum spending requirement, and the fee is acceptable compared to a typical credit card sign-up bonus.

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