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Information related to the IHG Rewards Club Select Credit Card was neither provided nor reviewed by Chase. I do not have my own direct referral link to this product, and gathered information on its offerings independently.
Bill payment service Plastiq lets you pay people by check and they charge your credit card. You earn miles, and if you use you a BankDirect checking account then it’s a good way to also earn American Airlines miles ‘on the float’ because the money stays in your checking account longer.
Plastiq has a promotion where instead of their normal 2.5% fee for processing payments, they’ll charge you just 1.75% for rent or mortgage payments.
To qualify for this lower rate,
- Schedule 6 or more rent or mortgage payments into the future
- Set up payment with a MasterCard
- Make sure to do this by September 30 when the promotion expires
Plastiq may hold up a first payment slightly, requiring you to verify that a payment actually qualifies. I’ve seen them ask to see a lease or an invoice for payments before. And they’re mailing checks, that takes time, so be sure to make payments sufficiently far in advance of when they’re due.
Charging rent or a mortgage is a good way to meet spending requirements on a MasterCard. Consider the Citi Prestige Card, IHG® Rewards Club Select Credit Card, or Citi® / AAdvantage® Executive World Elite™ Mastercard® whose offer to earn 60,000 miles ends August 31.
At 1.75% you even come out ahead charging your rent or mortgage to the Citi Double Cash Card which gives you 1% back when you make a purchase and another 1% when paying your credit card bill for the purchase.
You may also want to meet a spending threshold, for instance by putting $40,000 earlier this year on my Citi® / AAdvantage® Executive World Elite™ Mastercard® I earned 10,000 elite qualifying miles. That helped me requalify for American’s Executive Platinum status by mid-June. (I always think I’m going to fly less in the coming year, but I never do…)