I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
Bill payment service Plastiq lets you pay people by check and they charge your credit card.
- 1.75% for rent or mortgage payments made with Mastercard.
- 2.25% for rent or mortgage payments made with American Express.
To qualify for this lower rate,
- Schedule 6 or more rent or mortgage payments into the future
- Set up payment with a Mastercard or American Express
- Make sure to do this by October 31 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 or Citi® / AAdvantage® Executive World Elite™ Mastercard® as strong bonuses on Mastercards.
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…)