*** Promotion Offer Expired ***
Last year I wrote a blog post about how you can use Plastiq payment service to pay for services that do not accept credit card as a form of payment. Using the Plastiq service you pay using your credit card to unlock huge credit card sign up bonus or pay using the credit card for those services not accepting credit card as a form of payment.
Opportunity to Earn Double SPG Points
An opportunity came knocking in November when American Express card offered two points per dollar spend when you use your card to pay for your service at a small business. The payment processed through Plastiq services were flagged as small business payment, so every dollar spent on Plastiq payment using American Express card will get two points per dollar spend.
Property Tax Payment using Credit Card
In December when the property tax payment came due, I had an option of paying the property tax using my credit card through the county website. But the county website charges 2.5% service fee for the property tax paid using a credit card.
If I pay 2.5% service fee, for the property tax of $7,431.79, for using the credit card, I will be paying 2.5 cents per miles or points which are expensive and comparable to the miles or points sold by airline or hotel program.
The Plastiq payment service also charges the same commission of 2.5% for using the credit card. But I will earn 2 points per dollar spend when I use my American Express SPG card. By using the American Express card, I will be getting 14,682 SPG points compared to only 7,431 points when I directly pay my property tax through the county website.
Received Two SGP Points for Property Tax Payment
So I logged into my Plastiq account and paid my property tax using the American Express SPG card. For the total amount of $7,431.79 paid the commission came to $185.80 which was 2.5% of the total amount paid.
Total SGP points received for the payment made through Plastiq service, including bonus is 15,234 at the cost of $185.80 which works out to 1.21 cents per points. I also received 372 additional points for $185.80 paid to Plastiq as commission.
The 1.21 cents per SPG points works to a great value considering the SGP points are valued around 2 cents per point.
Service Fee Discount Referral. If you use my special referral link to open a Plastiq account, you will receive $500 fee free payment credit after you pay the service fee for the first $500, a saving of $6.25. You do not have to use the Plastiq service to pay the entire $1000 at one time all your payments are cumulative after you paid the service fee for the first $500 using the Plastiq payment service, the next $500 will be fee free without any service charge. I will be getting $1000 fee free credit from Plastiq for using my referral link. Thank you for using my referral link to open the Plastiq payment service account.