[Updated 2022.9] This promotion has changed. The new end date is December 31, 2022. On the first $2,500, you get 1% back. Plastiq’s current fee is 2.85%, so after the rebate, your net fee is effectively 1.85%. Combined with the Plastiq sign-up bonus, this can still be worth considering.
- Visa business card promotion link
- Plastiq sign-up link (limited-time bonus: $1,000 FFD, awarded after paying $2,500)
[Updated 2021.5] This promotion has been extended. The new end date is December 31, 2021.
[Below is the original 101 newsflash from September 24, 2020]
Plastiq recently partnered with Visa SavingsEdge, which offers card-linked rebates on Visa business credit cards. Through year-end, the 2.85% fee on your first $2,500 of payments will be returned to your Visa business credit card in the form of a statement credit. Based on the wording, this appears to be a promotion for new users. It is unclear whether existing users are eligible; if you are an existing user, you may want to try a small payment first.
Of course, now that we have the excellent tool PayPal Key, you could pay Plastiq fees with only a 1% fee, which was incredibly useful.
- Promotion registration link: fee-free first 2500 FFD, worth $71 (you can register a Plastiq account through this link)
- Visa SavingsEdge account registration and business card enrollment
- Both registrations are required. Registration and usage both end on 2020/12/31.
Plastiq no longer offers any sign-up bonus for new users, so if you have a Visa business credit card, this promotion may still be worth signing up for. Before making a payment through Plastiq, you need to register for a Visa SavingsEdge account and link the relevant Visa business credit card.
According to the Terms, after registering for both, you still need to pay the 2.85% fee as usual when using Plastiq, and then that fee will appear as a statement credit on your Visa business credit card bill.
LIMITED TIME OFFER
The Plastiq fee* is waived on your first $2,500 in Plastiq payments – a savings of up to $71.Offer ends 12/31/2020
*The standard 2.85% Plastiq fee will be automatically credited to your Visa Small Business Card enrolled in SavingsEdge1 and Plastiq for up to $2,500 in cumulative Plastiq payments using your enrolled Visa Business Card between 9/15/2020 and 12/31/2020
Enrollment into Plastiq and the Visa SavingsEdge program required if not already enrolled.
Valid for U.S. Visa Small Business Cards making payment to U.S. recipients.
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Visa SavingsEdge
Visa SavingsEdge is a card-linked rebate program from Visa. You only need to register an account and link your Visa business credit card, and you can earn additional rebates at participating merchants based on tracked purchase activity. These rebates do not conflict with cashback earned through other shopping portals. There are a few decent offers, but overall the program is not very attractive.
In addition, Visa SavingsEdge may have a PY arrangement with Wyndham, and Wyndham car rental locations almost all have rebate offers.
HT: Frequentmiler
Related Articles
If you have not signed up for Plastiq yet and have a Visa business card, you may want to consider this promotion. If you are already a Plastiq user, remember to try PayPal Key.