Saturday, July 14, 2018

Using Plastiq to pay mortgage

One of my sources of passive income is cash back from my credit cards. I presently own the Citi Double Cash back credit card which has 2.0% cash back on all purchases. The biggest expense in my monthly budget is mortgage payment (principal + interest + property taxes). Unfortunately, it is not possible to pay mortgage using a credit card.







Say hello to Plastiq. Plastiq allows me to pay with credit cards where cards are not accepted. Such payments include mortgage payments, auto purchases, taxes, utilities etc. The catch is they charge a 2.5% fee. Taking into account my 2.0% cash back, I would be shelling out 0.5% on fees. Think of it as a convenience fee.

Plastiq has a promotion running where it is possible to pay bills (No Fee) using MasterCard in Masterpass. This promotion runs from June 1, 2018 to September 30, 2018. The fee will show clearly as zero on checkout page. The promotion applies to any bill of 250$ or lesser. It is possible to schedule multiple 250$ bill payments on the same day. The limit is for a single transaction only. Assuming a mortgage o 1,000$ per month it would amount to 4 X 20 = 80$ in cash back (passive income). Ideally it would be nice to couple this with a new credit card. This would facilitate meeting the spending limit for sign up bonuses.

In case you are interested (not a referral link)

Plastiq
Plastiq Masterpass promo


11 comments:

  1. Hey DG, I'm a big believer of putting all expenses on cash back cards too. Nice find. Tom

    ReplyDelete
    Replies
    1. It's amazing. I was despaired by the infidelity of my husband. From now on, he stays home at night and our couple comes back to life. A big thank to Dr Obodo , incase you need help get in touch templeofanswer@hotmail . co . uk or whatsapp + 234 8155 42548-1

      Delete
  2. Interesting strategy Geek. Too bad I don't have a credit card that gives me cash back. I was thinking about getting one that does, but it seems like a lousy reason to open up another line of credit.

    ReplyDelete
  3. Sound like a pretty good idea, I have 3 rental properties not sure it will work for me. I might have to research more about this strategy, but I would love to put all of my mortgage on credit card so I can get some cashback rewards.

    ReplyDelete
  4. In case anyone would like a referral link, which gets you 500 "fee free dollars", see below:
    http://try.plastiq.com/970265

    ReplyDelete
  5. My name is Mrs Aisha Mohamed, am a Citizen Of Qatar.Have you been looking for a loan?Do you need an urgent personal loan or business loan?contact Dr James Eric Finance Home he help me with a loan of $42,000 some days ago after been scammed of $2,800 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $42,000.Feel free to contact the company for a genuine financial service. Email:(financialserviceoffer876@gmail.com) call/whats-App Contact Number +918929509036 Dr James Eric Finance Pvt Ltd

    ReplyDelete
  6. I am a Single full time dad on disability getting no help from their moms. It a struggle every day. My boys are 15 and 9 been doing this by myself for 8 years now it’s completely drained all my savings everything . These guys are the present day ROBIN HOOD. Im back on my feet again and my kids can have a better life all thanks to the blank card i acquired from skylink technology. Now i can withdraw up too 3000 per day Contact them as well on Mail: skylinktechnes@yahoo.com   or   whatsspp/telegram: +1(213)785-1553  or 

    ReplyDelete
  7. Pawn shops can be very profitable, but require the business owner to have a different level of skill and knowledge than in a traditional retail establishment. pawn shop casa grande az



    ReplyDelete
  8. We are a certified private lender and I offer local and international lending services to meet your financial needs such as: B. Home loans, auto loans, mortgage loans, business loans, international loans, personal loans, public refinancing and debt consolidation at an affordable rate. For more information, please contact me by email: (challotloan@gmail.com)

    Urgent Loan Offer .

    ReplyDelete
  9. I want to testify about MR MIKE FISHER blank ATM cards which can withdraw money from any ATM machines around the world. I was very poor before and have no hope then I saw so many testimony about how MR MIKE FISHER send them the blank ATM card and i use it to collect money in any ATM machine and become rich. I also email him and he sent me the blank card. I have use it to get $100,000 dollars. withdraw the maximum of $5,000 daily. MR MIKE FISHER is giving out the card just to help the poor. Hack and take money directly from any ATM Machine Vault with the use of ATM Programmed Card which runs in automatic mode. email Him on how to get it now via: int.hackers002@gmail.com

    whats-app +1(765) 705-0044

    ReplyDelete

  10. End your financial worries
    I CAN SMILE WITH THIS LOAN COMPANY MY FATHER RECEIVE A LOAN FROM THIS LOAN COMPANY
    I'm Benjamin Neupane from Germany my family can smile with this ( LOAN COMPANY Ramsay Roberto Investment info_ramsayloaninvestment@yahoo.com ). My Father Company received a loan of 350,000.00 Euros from his company and two of my Father colleagues have also received a business loans and personal loan from this Company 2 weeks ago without any difficulty. With just none collateral and transfer option we advise you not to choose the wrong company for loan help if you actually apply for a cash loan for your project and any other. finance Loan and Projects through Joint Venture Services (JVC) using as non-recourse Loan , such as Farm Loan, Car, Loan, Rent Loan. e.t.c. reply to email info_ramsayloaninvestment@yahoo.com

    their Interest rate is 2.50% to 3% annually depending, and a period grace of 1 to 35 Years Grace re-payment duration. from $5,000 to $200,000.000 we publish this message because Ramsay Loan Investment made My Father company feel grate with this loan. It is through a friend that My Father met this honest and generous loan offer who helped us to get this loan. To regulate your life, you need money, you are stuck, no access to bank credit, or do not have the benefit of a bank, you need to finance your construction, real estate development, creating your own business up your personal business, you have seen and need to make money, a bad credit or need money to pay bills or debts.

    Contact him for more information, be honest. Contact him Via Company Email:...info_ramsayloaninvestment@yahoo.com
    WhatsApp number +1 321-5220-819

    ReplyDelete